QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
Mentions (24Hr)
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Thinking through 0DTE ATM wheeling QQQ
Late to the party and new to dividend investing. Let me know what you think of my mix. I know I have overlap and probably too many, so any suggestions would be greatly appreciated. JEPI, JEPQ, JEPY, QQQY, SPLG, DIVG, SCHD and YYMI.
Do you set strikes based on delta or based on premium received from the option contract?
Option premium ETFs (SVOL, QQQY, JEPI) a low-maintenance replacement for active trading?
CNBC - This new ETF tries to squeeze income from zero-day QQQ options
Mentions
QQQY 46 percent dividend and losing…22 percent share price/yr I’ll take that
Welcome to the world of structured fixed income products. Tradingview: QQQY / QQQ. Slope of that graph is offset by the payout.
Not dumb at all especially with a 27-year time horizon. Time in the market > timing the market. The S&P 500 has hit dozens of all-time highs historically and kept going. That said, it makes total sense to feel a bit cautious with a lump sum especially right now. You might consider deploying the $75k gradually that way, you reduce the risk of buying a top while staying invested. Also, if you're open to diversifying beyond just the S&P 500 i like some of these products. **QQT** exposure to 100 global tech leaders (no covered calls). **QQQY** same holdings as QQQT, but with a covered call overlay for higher monthly income. **BANK** Canada's Big 6 banks + a covered call strategy and high yield They can complement a long term S&P position by giving you different sector exposure and income streams. Tracking just the S&P 500 **ESPX**
The "dividends" you speak of in the YieldMax ETFs are generated from options strategies that the fund uses. You should read their prospectus. I sold $QQQY long ago because of the crappy yield per share price
QQQY takes the value of the fund and converts it to dividend payments using an options method. Eventually it becomes worthless. You have to calculate if the extra dividends you receive make up for the loss of your capital over time.
Editing! It is QQQY. I will be honest that I have not looked at what is in it.
PLTR, NVDA, MSFT, & TSLA for growth potential. JEPI, O, & QQQY for consistent monthly dividends. SPY for stability. Then I have a little bit in TSM, XOM, & XOP just to see how it plays out over the next couple of years.
The S&P 500 is the top 500 stocks. Funds like VOO and FXAIX are based on it. There's also the NASDAQ index, and index funds like the Investco QQQY try to replicate that index as well.
While it’s fairly new, opened a year ago, QQQY is currently at all time low
Take a look at QQQY. It sells 1DTE near-the-money NDX puts at the end of the day. [QQQY | The Nasdaq 100 Enhanced Option Income ETF (defianceetfs.com)](https://www.defianceetfs.com/qqqy/)
I've been adding my eye catchers to lists on Chameleon. I have my picks for over $1 per share and under $1. SJM Smucker's caught my eye at little over $1. LOL I noticed a few I forgot but maybe you can let me know what you think. IWMY and Also YBTC and maybe JEPY. IWMY pays a lot so it is between this and QQQY. Hope you have a pleasant weekend, stay safe. 😊
You’re welcome! It sounds like you’ve managed your investments well and are adapting your strategy. Selling CONY and investing in QQQY seems like a good move, especially if you're focusing on income stocks. The "live and learn" approach is part of the game. Good luck with your new investments! If you need any more advice or just want to talk, I'm here.
Thank you. It's o.k. what I lost I made up in dividends early on and reinvested at that time in NVDA and NVDY as well as buying for shares of MSTY. So basically I broke even. I am ready to sell 1000 shares of CONY which gave me zero last month and still in the dumper. I will reinvest in QQQY and see how it goes. I am too old to wait on growth stocks which is why I am relying on income stocks. I have been baptized in the live and learn cult of stock trading though. LOL My best you and thanks again for your input. 😊
Good choices. I am currently interested in QQQY which remained stable throughout this small crash. I invest only in income stocks usually but do have a few shares in NVIDIA. I have confidence in this stock overall.
First stocks I bought were on the advice of my mentor. MSTY, CONY, QQQY, and NVDY. These are income stocks and rather volatile but give me a good dividend income each month. I use Market Chameleon to check the estimated dividend payoff per share along with other info.
I invest in income stocks and reinvest usually when dividends are paid. This way, I can build my portfolio. My choices are: QQQY, MSTY, CONY, NVDA AND NVDY, JEPY AND YBTC. These are good income stocks and I have researched them. **Do research for yourself.** Some will tell you not to invest in income stocks because they are volatile, however, I have already broken even with the dividends I have received although the market has dipped drastically. I don't buy or sell emotionally. Investing is not for the faint of heart. It is important to not panic when the market dips like it has been doing recently. I love this opportunity to buy more! "**Stock market correction: losses of 10% to 20%, but not enough to shift from a bull market to bear market**. Stock market crash: losses greater than 20%, when a bull market gives way to a bear market." The market will rise again and my stocks will be in the green. Patience is key. Don't take my word for anything, do your own research. I am not a stock broker and I am new to investing. I had a mentor and the stocks above are my choices. I check my tickers on Market Chameleon which will advise you of the estimated dividend amounts and watch the movement of them daily. All my stocks at the present time pay dividends every month. However, because of the large dip, dividends that usually pay on the 8th of the month have not shown as pending and are smaller with some stocks. Best of luck.
QQQM only pays .205 cents per share. You have to spend at least $190. per share currently. Check QQQY pays .65 per share and you don't have to pay hundreds per share. Check CONY and MSTY for reasonably priced stocks with a much better dividend. I am not a professional nor am I giving you advice. These are just stocks I was turned onto.
On days QQQ ends flat or higher QQQY gains around 0.30% (slightly higher when VIX is elevated), on days QQQ ends more than 0.30% negative it drops that much less 0.30%. There have just been too many days where QQQ ends more than 0.30% down for the fund to be really profitable. In a bear market it would get destroyed. Cashed out my 10% gains on QQQY and IWMY over the last six months and rolled it all in to SPYT. I kept JEPY as that has been more productive for me.
It's not "70%" annualized if the NAV is dropping and the payouts are getting smaller from your initial investment. * QQQY since inception returns: 12.7% * QQQ same period returns: 25.9% This is an extremely stupid ETF.
Talking QQQY? I've held it a few months. It sells at the money cash covered puts daily. Dividend payout rate is really high, like 70% annualized. And that is the problem. They are paying out more than they collect causing the NAV decline you see above. I wonder if the dividends are qualified? If so then maybe its all just a tax scheme lol.
QQQY. It's directionally biased though (sells puts).
https://portfolioslab.com/tools/stock-comparison/QQQ/QQQY
>Does this mean I lucked out here? Probably; maybe the bid/ask wasn't quite low enough to justify exercise. > When I posted yesterday I forgot that calls can be exercised during after-hours trading so perhaps the reason I didn't get assigned was because of that drop QQQY that happened yesterday during trading? QQQY looks like it dropped off a little in the 10 minutes before the closing bell, but it did not go below 15 before 5:30, which is the exercise deadline.
Update: Wednesday morning, I still have my shares position still have the short call position. Does this mean I lucked out here? When I posted yesterday I forgot that calls can be exercised during after-hours trading so perhaps the reason I didn't get assigned was because of that drop QQQY that happened yesterday during trading?
1. No, the market knows about the dividend so it is priced in. 2. You are at risk of early assignment, because the dividend is greater than the value of the corresponding put. At close, QQQY was at 15.28, while the bid/ask on that call was .15/.40, meaning it may not have been possible to sell it at a price that captured any extrinsic value, so MMs may exercise to capture the dividend. If this happens, you will not receive the dividend.
There are a bunch of theta focused funds like YMAX, QQQY and JEPQ.
Start taking most of your money and put it into VOO and don't touch it for 36 years. ROTH IRA, too. There's also stuff like covered call income ETFs like JEPI, YMAX, QQQY, JEPY, and SVOL.
I've been selling one QQQ put and rolling it every day for about a $50-100 credit each time I roll. I want to add the 100 shares of QQQ to my portfolio, but it has been so easy to collect the premium that I just keep doing it and I don't really care if I get assigned because I want to own more QQQ. That beind said, I have been considering picking up QQQY and letting someone else do it and just buying the 100 shares of QQQ, but I am wary of the declining QQQY share price and having is go to zero. I am not very good at options trading (I have gambled, errr, lost quite a bit), but I am still attracted to selling puts and calls - so why not let someone else do it for me AND own the underlying funds.
Selling options that are low risk (like puts in the current bull market) is kind of low yield where you need to sell a lot every day. So yeah, you'd need a big account with a lot of leverage. It's such a tedious enterprise though, and you have ETFs now that do it for you like QQQY. Could you beat 25% return? Sure, I guess. But your time is more valuable.
Super high risk but SOME HIGH yield tickers I’m in are QQQY , NVDY, CONY.
1. Annuities are contracts where you surrender a great deal of control in the even the principal must be liquidated. 2. While JEPI is taxed as ordinary income, QQQY is taxed like running options on an index - 60% long-term capital gains. 3. All annuity income and profits is taxed as ordinary income. 4. Obviously, a fund that explicitly uses a bullish strategy like QQY - selling puts - would probably do poorly in a prolonged bear market. But we had that in 2022, and the probability of that happening now is exceedingly low. If someone buys QQQY and then later determines we're in the midst of a bear market, at least the position can be liquidated with relative ease vs redeeming an annuity.
I know all the basic stocks and puts/calls etc and your basic ETF from Vanguard, Schwab etc What the hell is TSLY? How does it work? I bought 1 share at 9 dollars and change, .01% of my portfolio just bought it and one share of QQQY since my buddy likes it's but obviously I won't drop 1K+ on something I don't understand. Today I checked and I have 9.43 in addition Buying Power and the stock price doubled, is that a dividend or what happened?
Bro. QQQY. Dividend payout is .85 so with 100k you could expect a + return of $9860 ish. Boring af but 10% is 10%
Look at ETFs along the lines of QQQY or JEPI which trades options and pays out any profits as dividends. Why would anyone want to trade options for someone else?? The risks are high enough that a loss of some or all of the account is possible. If you can't trade options on your own, then look at the ETFs that do it for you, but you won't find anyone who will trade options for you and who can be trusted. Even the pros can have devastating results as this video shows - [https://www.youtube.com/watch?v=LI395YShGRQ](https://www.youtube.com/watch?v=LI395YShGRQ)
QQQY IWMY AMDY CONY and NVDY have been big winners for me too in terms of payouts.
My portfolio is a typical buy-and-hold portfolio. Some stocks are not suitable for options because of very low cost basis or very low volatility. However, the portfolio has buying power to trade options. The most efficient way to generate income from options is to trade index options. Some ETFs are using this strategy. XYLD, an S&P 500 covered call ETF, owns 500 stocks but sells only SPX options. QQQY, a QQQ 0dte ETF, does not own QQQ but uses the buying power of Treasuries to trade.
Goal: Earn 2500 per month with 250K. Buy 5000 JEPY for 18 each = 90 K. Buy Treasuries with the balance JEPY pays 0.50 this month. Dividend = 5000 x 0.50 = 2500. JEPY is an ETF that trades in SPX 0dte options. Take a look also at QQQY and IWMY from the same company. Take a look also at JEPI and JEPQ which trades in ATM SPX and NDX options.
​ |Goal: Generate 1K income with 100K Buy: 100 SPY: 47,531 100 QQQ: 40,952 500 QQQY; 8,840 500 JEPY: 9,020 500 IWMY: 9,925 Total cost: 116,268 Dividends/month: 100 SPY: 63 100 QQQ: 27 500 QQQY; 310 500 JEPY: 250 500 IWMY: 500 Total dividends/month: 1,150 Then sell covered calls. ||| |:-|:-|:-| ||||
Buy JEPY or QQQY for less than 5-year paid off.
What’s your take on Defiance ETF’s QQQY and IWMY as a short term investment 5years or less?
You are selling the wrong index. You have the capital to buy 1000 SPY, i.e., you have 473 K, so sell the SPX option. STO one Sep 20 2024 3900 put for 50.10. Proceed is 5,010. Margin required is around 44 K. For the balance of 473 K, buy 400 K of 9-month T-bills yielding 4.8%, and 25 K of QQQY yielding >60%.
Man QQQY looks wild. It sounds like a disaster waiting to happen. It is also a terrible time to be a premium seller.
I bought 500 QQQY when it came out just to see how it performs. It's pure speculation using 0 day options and pays income every month. Let me say, I am not a professional money anything so this is not a recommendation. Just using this ETF as a way of learning how I might, I said might, use this to enhance income.
QQQY JEPY How risky are these? Seems like easy money, nice high dividends every month. The dividend comes from selling o-day puts, so what makes the stock go up or down?
That's a fair take and why I recommend QQQY, JEPY and IWMY to people in the short-term but people really hate the idea not sure why.
You can also buy QQQY unless you think QQQ will moon next year. I think rotation is already happening and unlikely.
QQQY and live off of dividends.
QQQY IWMY JEPY ​ buy these and get 3% per month.
I see there are 129 upvotes for commenting “impossible…”. I think it is possible so I did not join the mob to cast an upvote for impossible. I suggest that you study the results of ETFs that trades in options to formulate your trading plan: XYLD sells SPX covered calls and it pays a 10% dividend. TSLY sells TSLA covered calls using a synthetic long strategy and it pays a 60% dividend. QQQY sells 0dte NDX covered calls and it also pays a 60% dividend. There are other ETFs that use other strategies. Your strategy does not have to be complicated. I am retired and my option income exceeds my pre-retirement salary with a 3% raise each year.
To those who wish to play chop and sideways until FOMC, Defiance has some ETFs that sells 0dte that has huge profits from time decay which is most severe in the last day of an option. Example is QQQY which recently had ~60% yield distributions. The downside vs. the underlying? Capped gains if market rips before then.
yes those are all bad ass funds. I also an thinking of quitting option trading and just buying the $QQQY or $jEPY. yes, those are all badass funds. I also am thinking of quitting option trading and just buying the $QQQY or $jEPY.
^ comments like these is why QQQY selling 0dte's is da wae.
Why don't you just buy QQQY?
Your title says investing so I’ll give you investing advice not option trading advice. Buy SPY with your paycheck. I prefer to buy whole shares – so buy 1 share at 455 now with your 500 paycheck. I suggest SPY because it has very liquid options that you may want to trade covered calls in the future. QQQ is an alternative to SPY. With the balance of $50, buy JEPY or QQQY. These ETFs trade 0dte SPX or NDX options and pays 60% dividend. You could learn to trade 0dte by following them.
To those who think we are going to be range bound for a while and like making money off degen gamblers, there's QQQY which keeps writing 0dte QQQ options.
If you think we are going to be range bound for a while and like making money off degen gamblers, there's QQQY which keeps writing 0dte QQQ options.
Some people seem to think bonds are a magical antidote to a down stock market. 2022 taught us otherwise. The brainwashed "bogleheads" buy bonds just because Jack Bogle has brainwashed them into thinking they need bonds in their sacred three-fund portfolio. I backtested the three-fund portfolio and it actually underperforms the S&P 500 index, which was Bogle's original complaint about managed mutual funds! Am I the only one who sees a paradox here? The bogleheads aim for mediocrity. There is nothing wrong with that if mediocre investment returns are what you strive for. I have a pretty aggressive portfolio and I am just now sniffing around for more conservative income-oriented investments but I don't think I'll ever completely abandon the aggressive portion of my portfolio. I do own some QQQY and the distributions get snowballed into my more aggressive ETF's.
Happy trading! Those are some healthy tickers! The dividend from QQQY, monthly, is awesome(slow but steady) - might want to add that along with TQQQ. Any exposure to bitcoin through GBTC,BITO, BCHG, would serve you well at least until February-March after halving. Looking forward to watching you win.
QQQY, JEPY and IWMY all brand new ETF’s along with RITS.
#Imagine falling for QQQY/JEPY's 65% dividend yield LMAO🧔♂️🤌
Might just buy QQQY to take bears money. Sells 0dte puts on QQQ. 65% annual dividends lol
If a trader hasn’t gone through this lesson of the journey, they’re not actual traders. Only thing that can truly teach you how to trade is losing, recognizing, learning and applying. But $230K’s too far for “a couple months experience”. Since you actually belong in this thread, I’ll give you gold nugget. QQQY yields 70%~ a year, or 5.5% a month. Just YOLO into it and in a year and a half you’ll be complete 👍
U like SP500 go with QQQY . Divi is like $1 per share monthly
QQQY is qqq but sells 0dte puts lol. Infinite money glitch?
This is why I've loaded up on QQQY.
Pretty simple with decent stocks or ETFs and covered calls on top. CC are a better way of increasing capital than any dividends. Except the new QQQY, that thing is a 6% beast. It's new so I'm not tossing in all my eggs, but it's interesting.
QQQY and JEPY loving this sideways action.
u want to sell 0dte volatilities like a chad? u want to join theta gang but ur too regarded to understand 2nd order derivatives? well let me introduce u to QQQY, u get the fun of theta fucking ur fellow retail degen in the ass with none of the fancy maths required!
$JEPY $QQQY best of both worlds
Put it in $QQQY and collect your 60% divvy. Fucking CDs, boomer nonsense.
>One exception might be some of the new funds like QQQY that actually have a business model coming close to supporting the payouts for now, Fund objective is to generate 0.5%/day, is it not? It's down 10% in 32 trading days, with a peak to trough drawdown of 11.3% (last Thursday)
Almost all outlier dividend payers are traps of sorts for investors. Simple math states that a company spending virtually all of its revenue on dividends is borrowing heavily, winding down operations, not reinvesting in it's business model, and probably on the way to dissolution. Given that dividends are taxed rather unfairly compared to share buybacks, there is a reason out looks too good to be true. One exception might be some of the new funds like QQQY that actually have a business model coming close to supporting the payouts for now, with the caveat that upside potential is severely capped, a sudden selloff of the underlying index is still a major risk, and there are expenses of course. I like to sprinkle a few of the into a Roth IRA account to avoid taxes and ideally capture some returns in what could be a largely flat market. In general, any newer, smaller company paying a ridiculous dividend is to be avoided. When some of the best established, cashflow rich companies rarely pay above a 5% dividend, it's a good indicator that massive outflows in dividends isn't a winning model. Not every company can be a dividend aristocrat like MO, 3M, T, etc.
The only ETF this sub likes is QQQY
TSLA and QQQ outperform TSLY and QQQY. If you want growth and don’t want income just buy the underlying holdings
Buy and hold QQQY for a few months. Get the dividends
> When you are selling CSPs, do you use the delta method or the minimum premium method to choose your strike? And why? I use both. They are interconnected. It doesn't make sense to use one and ignore the other. > Am example of this is QQQY sells puts and targets 0.25% premium for their 0dte calls they sell everyday.
Worst place to ask, but I would do a mix of SVOL, yield max ETFs, QQQY and JEPY if the pay consistently. Throw in some nice tax exempt municipal bonds to ice the cake. Depending on how you diversify across these assets you could easily hit 10k per month with 300k principal.
Youre cruising for a bruising right now. If you wanna fuck with 0DTE options just buy QQQY, its so much safer
Throw it all into QQQY and hope for the best
Not really sure what your goal is here. These aren’t exactly “trading” stocks. If you want a “stock repair” strategy for SCHD you could do a “1 by 2” where you go out to January and buy 5 calls at the $71 strike and sell 10 of the $73 calls against your 5 calls and 500 shares for basically a break even cost. But I would only do that if you think SCHD can drift back towards your cost basis over the next 2 and a half months. For QQQY you may as well just flush the money down the toilet. It’s a thinly traded junk etf based around 0DTE calls on the Q’s.
As others have correctly pointed out, you need to regroup, craft a trading plan, attend to position sizing, etc It’s sounds a bit tiresome to repeat but if you don’t completely understand the strategies you are using, and have enough capital to support them, you will have some exciting ups and downs but it is a mathematical certainty that you will pound your account into pocket change in short order. I would stay away from QQQY- illiquid, quirky behavior around dividend, combined with your lack to complete understanding of strategies- a recipe for disaster Schwab is being relentlessly sold. May be related to bond sell off- if that reverses you should get a bounce. If yields continue to rise, it will likely stay under pressure
A couple of points: 1. your positions are too large. reduce the size immediately. 2. QQQY dropped because of the dividend you were paid. you paid 19.7, it paid a 1.10 dividend on 10/2; so by my math, you're down .06/share. If you're sweating this position, see number 1. 3. both of these positions are dividend generating or some sort of manufactured etc tickers -- it's next to impossible to manage / hedge these tickers because the volume and thus the options volume is so small. try to stick to mainstream stocks with plenty of volume, and with plenty of options volume if you're planning to trade options on those tickers.
Try QQQY was just launched 2 weeks ago
QQQY is a new ETF that sells 0DTE puts on Nasdaq 100 to generate income. It was just listed a few weeks ago. I think OP jumped on this one wayy to prematurely (to the tune of 38k), especially with no knowledge of options mechanics. It seems that options technically got you into this position, so maybe they’re not your best “option” out. You could hold and wait for the market to turn around (it’s only been a few weeks since you bought QQQY and distributions look solid). But I would def consider shaving down your positions and diversifying into something more growth targeted. You seem to be heavily focused on income with QQQY and SCHD being your only two holdings. Best of luck
Not a lot of premium but on schd you can sell 5 Nov 17 72 calls for about .50 netting $250 but that’s a hell of a grind to try and make those losses back with only monthly options. I think you might be better off selling and starting over again. I’d sell the 70 calls at 1.25 to 1.40 and pray I get taken out at 71.25 or so. You gotta ask yourself some questions. Why did you buy what you bought? What was the plan? Did you have an exit strategy? If not why not? What’s the goal? (don’t say to make $) if you don’t know then don’t buy ANYTHING til you do. Also wtf is QQQY ???? Theres a $1.10 distribution due 10/5/23. That’s the only positive I see. There’s dozens of QQQ bull and bear ETFs out there that are super liquid and have weekly options. I’d rethink this purchase or at least know why you bought what you bought.
QQQY sells secured puts. It doesnt overleverage. It will be close to 1:1 ratio. Option delta will always be less than 100, which means its loss rate will be lower than its underlying. Cash secured puts mathematically is equivalent to covered calls. in the down market, it will perform better than QQQ. In a strong uptrend market, it will lag QQQ. In the sideway or range bound market, it will outperform QQQ.
is there CS line for whoever manages $QQQY I need a word
You ever think about putting all your money in QQQY and retiring?
My QQQY holding is doing well, $1 dividend in bound next week. Who knew selling 0dte puts to bears would be profitable?
Boring is an understatement. For kicks, check out QQQY.