Covered call ETFs have exploded in popularity. The strategy of writing covered calls is not optimal for income generation. Writing puts or using 0DTE call strategies should produce better results.

We explain why selling cash-covered puts and covered calls are relatively safe choices for earning a high income. We will discuss how to formulate a sustainable and repeatable options income strategy.

YQQQ’s synthetic covered put strategy consists of the following four elements: Synthetic short exposure to the Index, consisting of a long at-the-money put option and a short at-the-money call option, ...