THE NIGHTLY FACTOR

[00:00:01]Hey guys, welcome back to the show.

[00:00:02]Happy Sunday night. Um, Jackson, you want a drink, Jackson? Go. You have to come up here. You have to come up here. Jackson, you have to come up here.

[00:00:19]Right here.

[00:00:21]Well, Jackson, I don't have the camera positioned right. All right, come here.

[00:00:25]There you go. That'll keep him busy for a while. All right, guys. What's going on? Um, happy Sunday night, man. The market's going to have a huge gap up tomorrow. Teddax's already been doing well. Did anyone see this? The other day, Ted was plus 2.6%.

[00:00:42]And the Q's were up like half a point or something, you know. But anyway, um, uh, yeah, it's going to be a giant gap up in the morning. I mean, if this holds, which it looks like it is anyway.

[00:00:56]Look at that.

[00:00:58]Well, heck, it even gapped on futures because of course it doesn't trade over the weekend. Futures gaps are rare really. Um, in fact, we don't have any unfilled futures gaps recently.

[00:01:16]Um, there are some we have an unfilled one that started this whole rally off way.

[00:01:24]But anyway, um but yeah, a a gap on the futures. That's that's impressive.

[00:01:30]That's impressive. All right. Um we got Justin Sports Car here. Uh I ran.

[00:01:39]Yeah, I know. I know. I heard I'm hearing the same thing, too. So, uh I've been doing other stuff all day, but I I read Twitter a couple times. So, heck yeah. Happy days are here again, dude. I just what I've been doing lately my regular on is just to look at just to look at Hyperlid all weekend and Brent's just been crashing all weekend and even when you know when and then at the open it even crashed more so people have have you know been selling it down all weekend and then people sold it on the open into a low so yeah that tells you I knew the market was going to be in good shape because of that but then you add in on top of that the peace deal and everything else. Um, let's hope it affects gold and silver. Look at this.

[00:02:23]Finally, silver's bouncing, man. Silver and gold have been in the dumps, you know. Um, but anyway, you got to love seeing silver bounce. So, I'm sure gold's bouncing, too. I don't see it right here. Uh, gold right here. Plus, it's plus. It's up a percent. It says 1.8. So, call that 2%. Heck yeah. Heck yeah. Well, this is uh this is good.

[00:02:47]This is going to be a fun day tomorrow.

[00:02:50]Um, this is going to be a really fun day tomorrow.

[00:02:55]All right. So, um, uh, the daily factor. Okay. So, we're doing or the nightly factor. So, we're doing S&P Sunday night and NASDAQ Sunday night. Let's look at NASDAQ first. And let's meet our contestants. TQQY paying a 61% yield. But down on down 7% on NAV. Wow. I mean, they're almost down more than the inverse fund is. Not really. The inverse fund is down 17, but I mean, TQQY, it I mean, some days you wonder if it's going to beat the ind inverse fund on the way down, but anyway, it pays a high yield. So, uh, all right. Uh, QDTE, speaking of high yields, these guys pay 44%, but they're plus 5% on NAV. Triple Qy. These guys pay a high yield at 35 35.66 actually. It's a target fund now.

[00:03:50]So I don't think it pays 35.66 anymore.

[00:03:54]It pays 30 lately, but the average for the past 12 months is 35, whatever. Um, but these guys have been doing a pretty decent job lately.

[00:04:04]Um, I mean, especially with an 8% positive nav return. Anyway, uh uh QDTY, uh this one only got 5.4% in average term. It pays a 31% yield. Didn't didn't do quite as well as triple Q on that, though.

[00:04:23]Anyway, um Y triple Q. This is an inverse, so I mean, we want this one to lose money.

[00:04:31]Uh, triple QT.

[00:04:34]I wish there was some other inverse ones to compare with, you know, inverse NASDAQ based. Maybe someday. All right.

[00:04:40]Uh, Triple QT, this is 20% target fund.

[00:04:43]Sure enough, it's paying 19.88%.

[00:04:46]Uh, NAV is plus 11. Wow. All right. Uh, QLDY, this one's lightning spread, but this one's NAV is only up eight and a half. I mean, that's not bad, but uh, not as it's not doing as well as triple QT. not lately. Anyway, Kle Q plus 15%.

[00:05:05]Um, good job. That one's not really based on the NASDAQ, per se. Uh, but anyway, doing a great job. Mo, a lot of these other ones are directly based on the entire NASDAQ. So, really, the KQ may not be the most fair comparison because we could also put in something like a GPTY and a Chippy and some other stuff. Anyway, it's in here, but uh, I mean, it's definitely a good one. Look at this NAV return. 15.8% yielding 14%.

[00:05:35]I mean, it's not like their NAV's real good, but they only yield 5% or something. They pay a pretty generous yield and and their NAV's pretty good.

[00:05:42]So, it's impressive fun. Uh, Triple Qi up 6.4% on NAV. This one's steady, not doing quite as well as QLDY or certainly not as well as Triple QT.

[00:05:54]Uh, doing a little bit better than QDTY though.

[00:05:58]Um, and next we have EDGQ. This is the champion lately. This one's been doing really well. Plus 10% on NAV and paid to 12.2%. I mean, they aren't paying 14, but they're paying 12 and a quarter.

[00:06:11]You know, tons of yield profit margin, 353% yield profit margin, 71% on the stable deck. So, they're more stable than a lot of these ones we've been talking about are in the 60s and 50s. look at QLDY because it's lightning spreads which is light leverage essentially synthetically or whatever.

[00:06:32]So that has that's the most dangerous of the Q-based ones because of the uncapped upside. It's it's the most volatile but also because the little bit of extra downside that you have to endure to get the uncapped upside. Anyway, um in Kleq like I say not really fair to be in here. It's more of a concentrated portfolio and sure enough, so we'd expect that stable index to be a little bit lower. But anyway, Triple Qi based on the entire Q's, that's a good one.

[00:06:59]EDGQ, this one's going to be hard to beat. Qyld, look at this. Just can't catch upside. It's only up 1.8% because they sell off all their upside with those at the money monthly options. Uh QVO, this one's not really based on the Q's. Uh but anyway, it's up 6.9%. Pays a 10% yield. Jet Q. This one is based on the NASDAQ. It's only up three and a half percent, but these guys are really steady. They're, you know, they they pay 10.26, 108% or just basically they have market stability, you know, and 136% profit margin on the yield. I mean, they're I mean, it's that's doing what you'd expect and that's why it, you know, has billions of dollars of aum.

[00:07:47]Um, all right. GPIQ. This is another good one. Uh, but now look, this one though is doing much better on NAV.

[00:07:55]11.69.

[00:07:58]They kind of pay a little bit of a smaller yield than some of these other guys, you know, not too much though.

[00:08:04]Tons of yield profit margin. Not a lot of stability. That's the thing Jeff Q gives you is it's stable as the market or it has been lately. GPIQ is a little bit of a wilder ride.

[00:08:17]Um, they probably take more risk. Um, well, I know they do and you can you can tell they do because and it's paying off in a in a bullish market. Their extra risk is translating into extra nav return. In a bearish market, it probably be the opposite, though. I'm just guessing. We don't know. Hopefully, we won't see one for a while.

[00:08:36]Hopefully, we won't see a bearish market for a long while. Hopefully, this will just keep going up if the wars if the war really is over and everything's good again. I mean, or you know, keep going up to the extent it can. Um, if oil will keep going down, it would darn sure help. Okay, ball Q. Look at this thing.

[00:08:55]Plus 15.3% on NAV, paid a 9% yield. Triple Q. Now, this one's uh sells calls to buy puts and but even selling calls, they're up 3.4%. They're doing better than QYLD, you know. Well, because Qyld sells calls also, not to hedge, but for income.

[00:09:18]These guys sell calls to hedge, but whatever they're doing, they're they're getting a little bit more upside. So, uh um anyway, that's a that that one would really excel should should excel on a comparative basis in a down market. Um that one and YQ YQ will probably be likely be up in the down market. This one would be down a lot less than the other ones. Anyway, uh, Triple QX, this is a good one. Uh, up 8.5% on NAV, pays a 7 and a half% yield. That one's closed in fund. QDPL, this one is leverage dividends. It's up 8%, pays 5% yield.

[00:09:59]Can Q, this one's up 5%, pays a 4% yield. Okay, so on that list, the stable ones are Qyld.

[00:10:08]I mean, it's stable, but it's too stable because it's just not going anywhere.

[00:10:12]Um, triple QH triple QH is a it compares really nicely to QYLD right there.

[00:10:20]I mean, although Qyld pays more yield anyway. Uh, and then Jet Q's also on the at the head of the safety list. Okay, so the winner on the NASDAQ side is Kle Q.

[00:10:34]I mean, it does have the NAV that's up the most. Although to be fair, Ball Q Snav is up as much, but B Q pays a lot less yield.

[00:10:50]So, I mean, you know, on a comparative basis and and Ball Q is a teeny bit safer, but not enough to make the difference. Anyway, uh GPIQ number two, EDGQ number three, triple QT number four, and ball Q number five. Let's look at yield safety.

[00:11:11]Yield safety, it's QDPL, but they only pay 5%. CAM Q only pays 4%. Triple Q, we noticed that one looked really safe.

[00:11:19]QDVO and Jet Q. So if you wanted one that was on both list both top fives, there isn't one.

[00:11:29]Uh anyway, hard to go against Kleq, but GPIQ is the winner is the editor's choice because it it's based on an entire index. Kleq is should be in another competition. It it should be compared with things like GPTY and and uh those. Anyway, I we'll fix that next time. So, uh, GPIQ is the winner, but if you're into yield safety, um, editor's choice is, uh, well, your triple Q, HQ, DVO, Jet Q, GPIQ is actually probably the best all-around fund. It's fifth on the yield safety list and second. Yeah, GPIQ is editor's choice. So, anyway, all right.

[00:12:12]Uh, that's the Q's. Let's look at the NASDAQ. We'll go from worse to best. You know, Wise Spy is actually down on NAV.

[00:12:19]That's the only one that's down on NAV.

[00:12:22]It is down 8%. But it does yield twice as much as the next closest, you know, for what that's worth. And it's actually surprisingly stable. It's a 97 on the stable decks. Um they and part of the reason is because they cut off most of their upside and so that makes them more stable. They and also they they run a strategy that cuts off some of the upside and and most of the downside. So it makes them more stable, but it just has a hard time, you know, catching up sometimes. It seems like anyway, but you get a higher yield. So SDTY, now this one is actually pays about 25% yield and it snav is flat. Spy T pays a 21% yield and it snav is up 3% 2.79. Xay pays a 19% yield. NAV is up 3.6. Good job at Xpay. Then we have Tespy. NAV up four pays a 14% yield. I mean that's a good one. Ton good yield profit margin more than 100% at a 98 on the stable X t. I mean you I know that a lot of you guys like that. Uh XYLG from Global X.

[00:13:33]Um this one's only a half overright. So sometimes they do better at catching upside. So, let's see if it's working.

[00:13:40]They're up 4.91.

[00:13:43]Um, anyway, if XYLD is on here, which it is, we'll look XYLD a full overwrite.

[00:13:48]They're flat on NAV.

[00:13:51]Now, they pay 10.5 where uh XYLG pays 4.9. It's a half because it's a half override. So, um, but XYLG has has, you know, 149% yield profit margin. XYLD only has 5% yield profit margin. XYLD is paid out in half. I mean, essentially, it has been lately. Um, anyway, GPIX, this is a good one. Well, actually, we skipped a few though. Okay, so uh all right, XYLG, those is kind of a stealthy decent looking little fund sometimes.

[00:14:27]Um, that's, you know, that you want to think about sometimes. All right, ESBAR.

[00:14:32]Um, as far as barrier options, it's like a buffer fund that cuts off upside and downside. And sure enough, look at the stable decks. 143. That's one of the safest ones we're going to look at. It's 43% safer than the market. So, it's not going to move around as much, but but that's is that hurting it because it's only up less than a percent. I mean, it's probably, you know, anyway, uh, Big Y. Big Wise is plus four and a quarter pays 11.9%. Spy Eye is a good one. It's up 4%. It pays 11.7. It looks like Big Y and Spy are very close comparison. Their their stats are just roughly the same. I mean, Spy Eye is a little bit higher on the stable decks. Big Y is a little bit higher on yield profit margin. They're big wise nav is a teeny but it's it's roughly the same. Anyway, those are good comparison for each other. It looks uh looks like they're both doing pretty well. PVP on the other hand struggling to catch an upside. Um uh we never we really don't talk about that one that much. I think it's a put right fund PBP. Anyway, XYLD we've already talked about this one. This one struggles because it sells off all the upside. Sells those at the money monthly options. Um, okay. EDGX. This is a good one right here. I don't think anyone would uh disagree. Plus 6 and a half% on NAV return. Pays an 8.7% yield. Your profit margin is 300% and it's a perfect 100 on the stables.

[00:16:10]You know, this thing's giving you market stability plus uh a little income. 8.7.

[00:16:16]Not a lot. It's not paying 14 or 20, but it's doing a good job at the giving you a little income with a lot of of, you know, other stuff. Anyway, GPIX, uh, these guys are in the same ballpark as far as income. You know, they're in the eights, 8.13.

[00:16:35]Uh, NAV's up almost as much.

[00:16:38]Stability is 105%. That's good. Bali stability is 103.

[00:16:44]Um, that's good. Um, up 5.3% on NAV, pays 7.8%.

[00:16:53]Tay, Tay is up nearly 7% on NAV and and pays about a 7% yield. It ought to pay 10, but it's whatever reason, probably because the market's up, it's averaging. Anyway, SPY H. Uh, this one's like triple QH. They sell off upside to buy downside protection. Sure enough, they're 150 on the stable decks. They're the most stable one we've seen so far.

[00:17:20]Well, I mean, one of the more stable ones we've seen so far. They're more stable than ESAR. And the ES and that's saying something.

[00:17:29]Um, pays a 7.6% yield. I mean, anyway, OVL, this is everyone's favorite. Lightning spreads add a little bit of uh leverage essentially. side. Expect this one to be on the less stable side. And it compared to the other ones, it's an 80 on the stable decks. And so, and a lot of these other ones we're looking at are 100 or higher. So, but that's just kind of the price. The but the payoff is this. Look at the nav plus 7 and a half%. That's the highest nav we've seen so far, right? Yeah, of course.

[00:18:06]Good job, OVL. It's going to be higher tomorrow. Congratulations to people that have that one. Case buy. These guys sell off upside to buy downside, but they still had 3% nav return. That's not bad.

[00:18:16]6% yield. Buy W has about a 6% yield.

[00:18:20]It's not doesn't appear like it's catching a lot of upside. Spud spuds up 5 a.5%. It only pays a 5% yield, but other than that, it has it, you know, it say, you know, if it just pay a little higher yield anyway. Um, and then we have Ice Spy down here. Ice Spy pays kind of a low yield also and Snav is just kind of looks like it's mid. All right, so let's look. So just by stable, there's a lot of stable S&P based funds. Now the ones that are stable like Kspy and SPUT, Spy and ESBAR are essentially hedged equity things where they sell off upside to buy downside.

[00:19:03]Um, but in any event, there's a lot of safe ones. The safe ones don't have a lot of nav return though. Look here. 015 035.

[00:19:13]I mean, you know, they've been a little too safe lately, if you know what I mean. So, the ones that have been the better the better mix of risk and reward, it's you got to give it to EDGX.

[00:19:25]This one's I mean NAV's plus 6 um 5%.

[00:19:33]It yields 8.7.

[00:19:36]I mean nearly 300% profit margin on the yield, meaning they could have paid three times the yield and still been fine with with in the NAV department.

[00:19:46]Um stable x of 100. Tay's number two.

[00:19:50]Tay pays, you know, it pays a 10% yield advertised. is just averaging less because the price has been going up. I mean, this is trading at 53 and it probably started at 50, but with this rampant market and these guys don't sell options, so they they they aren't capped on the upside, they should get a lot of upside and they and they do. They're that's they're plus, you know, 6.9%.

[00:20:18]Um, and which is which is even better than EDGX. It's a little bit, you know, but anyway. Um, and then we have XYLG.

[00:20:25]These guys are more impressive than you would uh than you would otherwise think.

[00:20:29]Uh, just because of the half override.

[00:20:33]Um, anyway, so and then there's SUD and GPIX, man.

[00:20:40]GPIX, EDGX. I think I mean they're similar, you know, they both pay in the eights. I mean, they both they're very similar.

[00:20:49]It's kind of pick your company there.

[00:20:51]Put your trust in Goldman or put your trust in uh Global. Anyway, on yield safety, sputs number one. Case buy is number two. Sputs always number one. I always like to show this uh chart. I guess I don't have it up. How did I not have this?

[00:21:10]This is an amazing chart. I I just love the way this looks. I should make this my Look at Spud's equity line or whatever. or not empathy price. its price it price action is just straight sideways. It looks like a bond.

[00:21:27]I mean on a longer term basis it looks great but I mean and this one always dominates yield safety and yield sustainability but I guess part of a sustainable yield is um is good nav performance.

[00:21:44]I mean, this definitely moves around with the market because it's based on the market, but they have it um but this it's a buffer fund. They have it buffered pretty well, but it doesn't seem to be buffered so well it can't catch upside.

[00:22:01]And also, it doesn't pay such a high yield it has no chance of recovery ever.

[00:22:06]So, these guys um if you depending on what you're looking for, those guys do a good job.

[00:22:13]they always uh lead. But then Casey too, let's go see what Casey I don't think Casey looks at looks as um smooth as that. That looks like a bond. But Casey looks pretty dang good, too. Really? I mean, Casey looks really dang good actually. Why don't we look at Casey more often? It moves up and down with the market. Just like everything in April it looks like it was down nine or 10. I just eyeballed it.

[00:22:45]Market was down what 15 or something recently. This anyway it looks like it's down. It looks like it has about half exposure to the market. Now I like to say that about half exposure. Let's test that. So uh NAV this quarter is plus 5 and a half%.

[00:23:03]NAV on the Q's is 21%.

[00:23:06]So they actually have about a quarter.

[00:23:09]Um lately they've been getting they've been getting about a quarter exposure to the NASDAQ, but they also have less exposure to it on the downside and they pay a yield, you know. Um anyway, all right.

[00:23:27]But not a But these guys don't really these guys actually don't pay a yield.

[00:23:32]Okay. They need to be off the darn list anyway. All right. Um I I'm gonna take them off the list, right? Or do they? They don't pay a yield, do they? No, they just pay once a year. All right. I'm sorry. They're on the list. I mean, but that is an interesting fund, but it's nothing like um let's look at another one.

[00:23:59]Um, well, I was going to say we can look at OVLH. So, I know a lot of people love overlay shares and love the the strategies they do. This is that same company um that has uh that has um OVL, but this is OVLH, which doesn't pay a yield, but that's why it reminded me when we were talking about it with uh with KFI. It's another It's another fund that's like that if you're look if you're looking for large cap hedged equity. Anyway, uh hopefully we go up for a while and we don't need we don't need to hedge. Who knows? We'll we'll see. I hope this last I hope this last. All right. So, let's finish this up then. I'll look at those questions.

[00:24:40]Um Oh, yeah. Yield safety. Okay. GPIX. Tay.

[00:24:47]Okay. Well, uh, GPIX is I'm trying to see who the overall winner is.

[00:24:56]I mean, I just like what EDGX is doing. Um, but GPIX is always I mean, GPIX is every bit. It looks very similar.

[00:25:14]So, that like I say, that's kind of a picture company. GPAX, EDGX, those are the tied winners. All right. So, yeah, you're right. And if your weekly matters, that's a good thing. And because the other one that doesn't. So, yeah, we'll give it to I know you guys like weekly, so we're going to give it to uh EDGs.

[00:25:33]That is the editor's choice on the um S&P side. All right. Um Hey, EDGM for plays. We got Just a Sports Car. Okay.

[00:25:42]So, I'm glad they made a deal. That's awesome. And I'm glad gold and silver need to go up. Oh my. Am I breaking up?

[00:25:49]How do I sound now?

[00:25:54]Okay. Now. Okay. All right. Right. All right. All right. So, um, yeah, this gonna I mean, if this is I mean, if this sticks and this turns out to be a real thing, just think we'll probably go and make a new all-time high. And then when we get there, who knows? But I'm saying, you know, that's that's going to be fun just doing that. Um, and then hopefully we'll get some hopefully we'll get some uh some follow through on that. I mean I mean would that just be great? And yeah, this chart right here is really been hurt of course as you guys know.

[00:26:41]But perfect place to buy the dip. found support in here and hopefully it goes back up at least at least back up into this trading range 420 430 440 something like that and then hopefully back on alltime highs itself but hopefully back at a higher price I have some of um exposure and then let's look at silver.

[00:27:04]Yeah, same thing with silver. Silver has some trading range right up here, you know, 69. We're at 61. So, it could go up um you know 15% real quick and pop back into that trading range and then hopefully go higher. But I mean at least people that are holding gold and silver positions should hopefully get a pop at least back to those prior train ranges and hopefully and hopefully back hopefully back higher. We'll see.

[00:27:35]We shall see. All right. Um trying to think if we have anything else to talk about. Um what about SpaceX?

[00:27:48]What's SpaceX doing? I guess we could have looked over there, but I've been looking at it over here. Um over here tracks pretty much exactly what the other one's doing. Well, all right, guys. Well, uh you guys have any we can talk about whatever. GDXW. Heck.

[00:28:17]Yeah, let's look at GDXW.

[00:28:21]Yeah, but GDXW might be a good way if you're trying to play the uh the bounce here in gold. You think gold's finally turned around because you get leverage because it's miners and then you get leverage because it has 20% weekly leverage.

[00:28:38]Um and there it is. The Van Gold miners in at that 120% that's it. They just buy a they just use the swap to lever themselves exactly 20%.

[00:28:53]And they get a new swap probably every week and that just gives them 20% leverage. So it's a slick little thing.

[00:29:00]Um it it it's slick. It's a you know because it has the the upside's uncapped well and it actually gets a little bit of extra upside. It's kind of like the lightning spread. It's just a different but but kind of like the lightning spread. It actually gets a little bit of extra downside too.

[00:29:21]So, um I think the lightning spread from what I can tell something like an OVL and this is just an estimate is maybe like I always say it adds like the lightning spread structure adds has the effect of adding leverage um and in similar well it has the effect of adding leverage but I've always said it's like white leverage But I'm thinking the leverage that this thing adds is more like 10% a week. But whereas the W funds are 20 a week. And now on QLDY, this one definitely adds leverage. This one may be more like is basically kind of similar to like a W fund probably if you put if you put math to it. Um because you get, you know, some extra downside for sure and then some extra upside probably 10 or 20% a week. um extra because these what they're doing when they do these um when you sell a put spread, you're synthetically buying the market. You're actually synthetically putting a collar on the market. So, you know, it's a predefined risk trade or whatever, but but but you're already 100% long through this through the stock because you own you own most of the fund is is uh well, some of these funds just will actually buy the cues and some do it synthetically. It doesn't matter if you're 100% long to the fund in some manner. Um in the case of OVL, they just they literally have the stock. But then because of the put spread, that's an extra commitment on the bullish side that has the effect of however wide those legs are. That has the effect of leveraging your bet um to whatever to whatever degree because the width of the legs is the extra risk you're adding to the it's it's like it's like doubling down.

[00:31:22]Anyway, um but yeah, so uh hopefully GDXW be a good time. Hopefully if if gold can rally you just think if gold goes back to alltime highs or something insane like that, um man, GDXW is going to make bank.

[00:31:38]Heck yeah.

[00:31:41]Heck yeah. All right, guys. I'm gonna get out of here. Take Jacks for a walk.

[00:31:44]I appreciate you all being here Sunday night. Thought it was a good show tonight. be back tomorrow night for uh Maximum Monday. Maximal List Monday. If you want to uh check out the list yourself, uh go to high yieldlab.app, check it out. Let me know what you think. It's on pre free preview right now. All right, guys. I appreciate you guys. Thank you, Michael. Have a good time up there in Seattle. I'll talk to you guys uh soon.

[00:32:13]Okay. All right. See you later.