19.55% Dividends From Selling Covered Calls on Commodities?
Reviewing Credit Suisse’s covered call ETNs.
Published in
6 min readJun 5, 2024
It almost feels like it’s a recurring theme now, where I find new investment products to look into and cover while researching other things.
I was looking into Ray Dalio’s all-weather portfolio when I came across ETFs selling covered calls on gold.
This made me wonder if investment products exist that sell covered calls on other commodities.
Products like YBTC, which essentially sell covered calls on Bitcoin, exist, after all. There’s got to be funds that sell covered calls on commodities like oil.
What I found, however, weren’t ETFs but exchange-traded notes (ETNs).
Credit Suisse, an investment banking company in Switzerland, offers three covered call ETNs:
