Covered call ETFs like XYLD etc

Eyeful

1. I have stated how I look at it.  What you write has not altered my mind on that matter.

2. How others think about these things is up to them.

3. Just because there is a large market in some form of financial engineering, does not mean it is safe or
cannot go wrong.

4. Remember that "financial engineering" led to the creation of complex structured products such as mortgage-backed securities (MBS) and collateralized debt obligations (CDOs), many rated AAA by credit agencies and perceived as safe by investors and regulators alike. Which gave us the 2008 Global Financial Crisis

aroominyork

Eyeful said:

4. Remember that "financial engineering" led to the creation of complex structured products such as mortgage-backed securities (MBS) and collateralized debt obligations (CDOs), many rated AAA by credit agencies and perceived as safe by investors and regulators alike. Which gave us the 2008 Global Financial Crisis

Those were created with an intention of hiding bad debts among good ones. Options are not opaque in that way. Anyway, I don't expect to change your view and am not trying to - I have no skin in that game.