Confession: I had little interest in cryptocurrencies until companies started offering covered call strategy ETFs using Bitcoin. These funds provide me and my subscribers with an excellent opportunity to make money. However, even with the income from option selling, accumulating shares of these Bitcoin funds should happen over time and methodically.
Puts and calls option premiums are a function of the underlying asset’s volatility. As a result, the ETFs employing covered call strategies on Bitcoin pay extremely attractive yields.
This post originally appeared at Investors Alley.