I’m thinking I will stack until the fund reaches $6/share. Unless it establishes a new trading range below that. The closer it gets to $6 I’m hoping to see a rise in payout. Thoughts?
To get back up to $6 would require a large upward move in the underlying -- not impossible (and maybe feasible in the future), but it would be on the back of high IV stocks already sky rocking +60% since April. It's more feasible than those who hope ULTY goes to $7.
I maybe relatively new to the HY game but I’m not looking for NAV growth here. The ability to at least earn back payouts with a bit of upside potential is all I’m looking for as I build this income generator as I grow closer to retirement. I may even have to start writing options. Was hoping for a more hands off approach and let the experts (1.3% fee) do it all.
I’m thinking I will stack until the fund reaches $6/share. Unless it establishes a new trading range below that. The closer it gets to $6 I’m hoping to see a rise in payout. Thoughts?
To get back up to $6 would require a large upward move in the underlying -- not impossible (and maybe feasible in the future), but it would be on the back of high IV stocks already sky rocking +60% since April. It's more feasible than those who hope ULTY goes to $7.
I maybe relatively new to the HY game but I’m not looking for NAV growth here. The ability to at least earn back payouts with a bit of upside potential is all I’m looking for as I build this income generator as I grow closer to retirement. I may even have to start writing options. Was hoping for a more hands off approach and let the experts (1.3% fee) do it all.