List of Buy-Write ETFs Listed on U.S. Exchanges
The ETFs and ETNs on this list employ some version of a buy-write strategy. The basics of this strategy entail:
- Long position on an index or stock(s).
- Selling calls on the underlying long positions. The selling of calls generates a credit (income) for the call-option seller.
Many of these ETFs use a major U.S. index as the basis for the long position (S&P 500, NASDAQ 100) and then sell calls against that index.