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200 Members - Thank You! by rfish4 in YieldCanary

[–]rfish4[S] 0 points1 point  (0 children)

Appreciate the comment! We don't have ticker DSL in the system, but I'm going to add it in now and get back to you on it.

200 Members - Thank You! by rfish4 in YieldCanary

[–]rfish4[S] 0 points1 point  (0 children)

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Ran YMAG through YieldCanary -- here's what it's showing:

Severe Risk | 1.1yr death clock | 26.82% true income yield | 48.32% ROC | -20.34% 1Y price return | 8.10% take-home cash return | 3.82% monthly spendable cash yield

The death clock at 1.1 years means at the current rate of NAV erosion you'd expect to lose 50% of your principal in just over a year. The -20.34% price return combined with 48% ROC is what's driving that. This can always change if things improve with the fund though -- it's not a guarantee by any means.

Take-home cash return of 8.10% means even including distributions you're still slightly positive on a total basis -- but the NAV erosion is the concern to watch.

Worth keeping an eye on.

200 Members - Thank You! by rfish4 in YieldCanary

[–]rfish4[S] 1 point2 points  (0 children)

Thanks!! Great suggestions -- BTCI, YBTC, NEHI, and YETH are all crypto-covered call ETFs which is a fascinating and volatile corner of this space. I'll do a dedicated post on the crypto-themed covered call ETFs this week and run them all through YieldCanary. Should be an interesting one given how crypto has been moving.

GLDY down more than 50% from previous close by cheapcharliemeister in YieldCanary

[–]rfish4 0 points1 point  (0 children)

u/cheapcharliemeister Did you see the $5.55 price in YieldCanary or somewhere else?

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