Horizons ETFs launched today the S&P 500 Covered Call ETF (HSPX) designed to generate income...

|About: Horizons S&P 500 Covered... (HSPX)|By:, SA News Editor

Horizons ETFs launched today the S&P 500 Covered Call ETF (HSPX) designed to generate income by writing call options on stocks it owns. It's the first ETF covered call strategy that sells calls on individual stocks - PowerShares' PBP, for instance, writes calls, but on the S&P 500 index, not particular names.