QYLD has a ton of unfilled gaps on the daily chart. Gaps don't always get filled, but have a tendency to more often than not. All of its gaps are at higher price levels than where it sits now, some heading all the way back up into the low-to-mid 20s
Awesome entry level for QYLD. R:R = 1:3... high dividend ETF.
The central banks are powerless to stop this type of inflation because the politicians have destroyed the supply chain which has produced shortages.
QYLD is a covered call ETF. They write calls on stock they own to bring in more consistent and predictable income. They do this to generate returns via options, this is helpful if you don't know how or aren't comfortable writing calls on your stock. It would behoove you to establish small positions after they pay their dividend should you choose to buy in. This...