DIAX: Profit From The High Dow Jones Volatility, 7.25% Yield

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Binary Tree Analytics


  • DIAX is an equity "buy-write" closed-end fund from Nuveen.
  • The fund writes options on 35%-75% of its equity portfolio, which aims to replicate the Dow Jones index.
  • Unlike its peers in the space, DIAX is currently trading at a discount to NAV despite its impressive performance YTD.
  • This article continues our series of analyzing CEFs that take advantage of the current high levels of volatility in the market.
  • This article covers CEFs from our suite of products - we focus on macro portfolio allocation, CEFs, and yield-generating options strategies, targeting overall yearly portfolio returns of 9%+.

Stock market chart background



We are continuing our series of revisiting equity "buy-write" closed-end funds ("CEFs") given today's market dynamic of high volatility. There is tremendous investor interest in monetizing today's high VIX levels, and one of the "go-to" strategies has been buying equity buy-write CEFs. The Nuveen Dow 30SM Dynamic


Option Overlay (Fund Fact Sheet)


Funds Comparison (Author)


YTD Performance (Seeking Alpha)


Fund Characteristics (Fund Fact Sheet)


Top Sectors (Fund Fact Sheet)


Top Industries (Fund Fact Sheet)


YTD Performance (Seeking Alpha)


5-Year Total Return (Seeking Alpha)


10-Year Total Return (Seeking Alpha)


Premium/Discount to NAV (Morningstar)

This article was written by

Binary Tree Analytics profile picture
With a financial services cash and derivatives trading background, Binary Tree Analytics aims to provide transparency and analytics in respect to capital markets instruments and trades.We are reachable at BinaryTreeAnalytics@gmail.com_____________________________http://www.BinaryTreeAnalytics.com

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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