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Plans for a covered-call Gold ETN are unveiled by Credit Suisse just days after the bank sold...

Plans for a covered-call Gold ETN are unveiled by Credit Suisse just days after the bank sold its European ETF business to iShares. The fund will hold GLD and try to boost returns - and provide downside protection - by selling "out of the money" calls against it. The launch could come as soon as this month.
Comments (4)
  • Exactly how would this work?
    17 Jan 2013, 10:55 AM Reply Like
  • Call your broker or go to a public library or even search the internet for 'covered calls'. Plenty of info out there and can be a good way of supplementing income in your portfolio.
    17 Jan 2013, 08:03 PM Reply Like
  • More paper players in the market
    17 Jan 2013, 10:57 AM Reply Like
  • I've been selling out of the money GLD covered calls as market prices rise, and selling deep out of the money puts as prices fall. Happily, so far so good.
    17 Jan 2013, 12:52 PM Reply Like
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