[Everything Everywhere]

Bond covered call ETF from Black Rock is your ATM.
Not a dividend trap.
Totally passive.

https://youtu.be/C68nD-DxasA

[sgbuffett]

You can do this yourself no need to pay Blackrock to do it.

The 18% is 18% of assets not $$$ invested  if the underlying assets keep sinking the 18% will also shrink in absolute terms.

Because you are selling away upside of the stock to options buyers and absorbing all the downside. If underlying goes up by 10% then drop down to original level...your underlying asset is smaller than the original amount because your upside is less than your downside.

Over time you are riding on a sinking ship the best scenarios for you is the underlying asset price remains flat then you sell covered calls and collected constant cashflow without the deterioration of underlying assets. But the market always move up and down ....

Only naive people think this is a way to make passive income. Because they never understood the maths behind the concept.

All the lousy options course all teach this garbage to people who are naive.

[Alice Alicia]

If you read the Black Rock website, they give analysis of a person invested 10k in January.

After adjusting for addition of dividends and price fluctuation still have around 10.5k in total. On target for a 12% overall annual yield.

Not bad, for doing nothing. And you receive hard cash every month.