After working at SAC, Millennium and JP Morgan, in no respective order, I moved on to my ETF experiment. The first phase was to see if options would catch on… and QYLD was born off of a passive index. CBOE had been running the BXN Index since the mid 1990s. This started in 2013. Passive ...more

After working at SAC, Millennium and JP Morgan, in no respective order, I moved on to my ETF experiment. The first phase was to see if options would catch on… and QYLD was born off of a passive index. CBOE had been running the BXN Index since the mid 1990s. This started in 2013. Passive underlying and passive options. A few changes were made to avoid the noise with the SOQ. But, for the most part a decade long index. Anyone with questions, I’m always around to chat. BXN -> BXNT. It’s only Thursday. So then on to phase 2. Folded QYLD and what is now known as XYLD, formerly HSPX, into Global X. This occurred Q4 2018. Right around the same time that advisors were asking if you can generate that much yield why can’t you provide some downside protection. So onto passive underlying and active options overlay. Many banks and insurance companies were engaged and eventually Nationwide was the choice while a sub-advisor in NYC was chosen to service under the leadership of Molchan, NUSI, was the ticker. NUSI was the second generation as it took monthly options’ income one step further than QYLD by offering fully financed downside protection. So, now onto the 3rd phase… Just about 10 years later… Active asset allocation combined with monthly income. The same core exposure you already possess; however it can toggle between risk on and risk off based upon the quantitative model. Active underlying and active options income. Who knew we could get here! Do people really understand options?! How are there ETFs copying 12% annual yields and their returns are less? That’s return of capital! Tax efficient income?! Is that really true! Please reach out if interested in learning more on options ETFsless