Seems like just buying QQQ with some puts under it would be a better solution. You give up some upside (the cost of the puts) for downside protection, but the upside is unlimited. Writing calls you cap your upside for limited downside protection.
No. I don't think you do understand investors have different goals. Else, you would not be a broken record.I understand people will have different goals, different risk tolerances, etc. But you have not told us what it is you are trying to achieve with QYLD.
This isn't about being 100% invested in anything, not sure why you bring that up. But every investor should be comparing the alternatives within their allocation, be it equities, fixed income, or cash.
If I'm looking into an equity, I compare it to equities, fixed to fixed, cash to cash. If I'm looking at something that is a hybrid, then I compare it to some blend. If that blend doesn't provide a risk adjusted return, then I'm not going to bother.
-ERD50
Seems like just buying QQQ with some puts under it would be a better solution. You give up some upside (the cost of the puts) for downside protection, but the upside is unlimited. Writing calls you cap your upside for limited downside protection.