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I decided to pick up some recently, could go down to $42 so am prepared to cost average down. Been very busy with my main business so haven’t had a chance to do videos the last several months.

@@SebastienMigneault this isn’t about individuals using options, it’s about the automated strategies these covered call ETFs use and their performance.

@@balancesheetsmatter In a margin account, interest is deductible from covered call fund income, but capital gains are not (in Canada at least). When markets decline, CC funds suffer capital losses (as described in the video), in the market recovery phase the gains are offset by losses and paid out as a tax-free "return of capital". If you buy CCs with significant leverage during the recovery phase, you can make a lot of money tax-free. CC promoters emphasize the tax advantage, not the absolute performance.

Video was made two year ago before JEPQ, SPYI, and QQQI.

@@evopeter this isn’t about individuals doing covered calls. It’s about covered call etfs using automated strategies. I occasionally sell covered calls on stock positions I am looking for exit.

These funds get short term outperformance when the underlying slowly grinds up without significant moves up or down.

Please tell me what I don’t understand then 😂

@@balancesheetsmatter we should do a video man

So you can swing to me how this phone works and why we're not in a bear market and why this going to go to zero I understand the possibility can go to 0 anything can go to zero

Don’t worry once the next bear market hits and all these funds get wrecked I’ll be back with another video 👍

We in the bear market what are you talking about 😂

@@Kungfumoney markets been making all time highs, this is a bull market ??

@@balancesheetsmatter it's been very low to want you talking about I guess you forgot early this year huh you can't remember 3 months ago

@@Kungfumoney uh 2022 was a bear market, 2023 going forward to date has been a bull market with normal corrections. In April this year the S&P500 didn’t even pull back 6%. Is that your bear market ???😅

@@jacksonsoundcloud You seem to not be reading their financial statements correctly… they do not have $2 mil in cash is this almost all entirely accounts receivable and inventory. Also since their acquisition and issuing all that new debt they are not buying back stock, the last 2 quarters they have paid back about $400 million in debt.

@@balancesheetsmatter paying down 400m in debt over 2 quarters on almost 13B in liabilities.. if their debt is at 5% they are barely covering the interest for the year, just seems unwise to pay anything near market rate for something with so much bankruptcy risk. they avoid bankruptcy, whats ur upside its already near market pe. they don't avoid bankruptcy, big downside

@@jacksonsoundcloud last 2 quarters operating income was $396 & $443 million with interest expenses less then $100 million each quarter. In the past their operating income to interest expense was at a much better ratio but they did a recent acquisition which is why it’s higher but operating income is still 4x their interest expenses and going down as they are paying down debt. The recent debt they took was $3.5 billion and their paid 11% of it off in 2 quarters. Guidance is pointing towards $10 EPS next year. I have no clue where you’re getting this idea they have high bankruptcy risk and can’t cover their interest expenses. This just isn’t the case.

@@balancesheetsmatter Pretty irresponsible to purchase your own stock with borrowed money. Earn it, then spend it. Company trades at a 5% cash flow yield with basically zero growth and is repurchasing its stock with borrowed money rather than investing in growth to pay off that debt. They're lucky they have a lot of debt at lower rates because now they're having to finance debt at 5%+ which is going to kill their cash flow. Using the debt for buybacks now makes zero sense because they could be reinvesting, now they will inevitably have to take out even more debt to invest in growth. They better pray rates drop again.

@@jacksonsoundcloud well as I said in my first reply they are NOT repurchasing stock and haven’t for 3 quarters now. They are just paying down debt and paying their dividend. I don’t know why you keep saying this. Maybe you’re looking at the yearly buybacks? As 4 quarters ago they did their last buybacks but as I’ve said multiple times they have not done any buybacks in 3 quarters. You need to learn to read financial statements, look at the quarterly statements, you’re arguing about something that isn’t happening.

@@jacksonsoundcloud in the video I pointed to around $76 as a more attractive price point I was interested at buy at 🤷‍♂️

The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.

@@FolarinSodiq I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2020, I was having an investing nightmare before touching base with an advisor. In a nutshell, I've accrued over $2m with the help of my advisor from an initial $350k investment.

@@SarahOlivera-t4z Please can you leave the information of your investment advisor here? I'm in dire need of one.

@@BarbaraLouise-i3r Victoria Carmen Santaella' is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.

@@SarahOlivera-t4z Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.

This is It company, make sense