SMCY Is an Income Hack on Supermicro
Are you an income-seeking investor who also wants -- or needs -- growth? That's a bit of a pickle. After all, the more you have of one, the less you typically have of the other.
There are some picks that let you have your proverbial cake and eat it too, however. While they're not a great fit for everyone's portfolio, option-writing-focused exchange-traded funds (ETFs) can provide ongoing dividend income in addition to offering you most of the benefits of owning stocks. There's even a handful of single-stock-focused option-writing ETFs.
One of these ETFs worth a closer look right now is the YieldMax SMCI Option Income Strategy ETF (NYSEMKT: SMCY), which turns something like a position in Super Micro Computer (NASDAQ: SMCI) into an income-generating holding.
Source Fool.com
