I went ahead and bought [email protected]
Msparks, since the SPYders are a proxy for the S&P 500, I've often thought of trading them instead of individual stocks. The only thing keeping me from it is the wash sale rule; if you take a loss in a SPY trade, you have to wait 30 days to buy again, to be able to count the tax loss. (At least I think that's how it works....?)quote:
I was thinking SPY, since it only gained like 4% last year and it's off the high from the end of the year, so might be a good time to make 15-20% this year?
What do you all think?
on BEO;quote:
The Fund's investment objective is to seek total returns through a covered call strategy that seeks to approximate the performance less fees and expenses of the CBOE S&P 500 BuyWrite Index. The BXM Index is a passive total return index that is based on buying the common stocks of all of the companies included in the S&P 500 Composite Stock Price Index weighted in the same proportions as the S&P 500 Index and writing (selling) call options on the S&P 500 Index.
quote:
The Fund's investment objective is to seek leveraged returns on the CBOE S&P 500 BuyWrite Inde (BXM Index) less fees and expenses. The Fund seeks to replicate the BXM Index by purchasing all of the common stocks included in the S&P 500 Index weighted in the same proportions as the S&P 500 Index or other investments that have economic characteristics similar to the securities that comprise the Index Second on an approximately annual basis the Fund will enter into swap contracts on the BXM Index that are intended to provide the Fund with leveraged exposure to the return of the BXM Index.