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  • An In Depth Look at the New Covered Call ETFs [View article]
    Mr. Shaw,

    Thank you for the update, I read it but was not able to leave a comment...not sure I have a login for your blog's platform.

    For anyone new to this, BXM sells at the money calls. There is another CBOE index with ticker ^BXY that sells calls 2% out of the money.

    Additionally these indices exist in other countries, like Australia and a couple of others. I am hopeful that BWV from Barclays works out in terms of tracking. BEP has had some wild swings with its discount/premium to NAV. It looks like it has a 14% premium now which I'll pass on.

    Thank you again for your time.
    Jun 06 21:19 pm |Rating: 0 0 |Link to Comment
  • An In Depth Look at the New Covered Call ETFs [View article]
    Mr. Shaw I believe your use of the term ETF is a tad confusing especially as you correctly note that these funds are CEFs in your table at the end.

    As far as new; MCN's inception date is 7/27/2004, LCM 1/26/2005, BEO 9/28/2005, DPD 4/26/2005, FFA 8/24/2004, BEP 3/31/2005. How much time before a fund is not <em>new</em&g...

    I would add there are probably another 20-30 funds in this genre.

    To really know what value the fund management is adding would you need to char the NAVs as opposed to the market price?

    I apologize for being so picky but the article seems to miss the mark.
    Jun 06 09:13 am |Rating: 0 0 |Link to Comment
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