Global X NASDAQ 100 Covered Call ETF (QYLD)Derivative Income | Exchange Traded Fund | NasdaqGM
18.66 USD
-0.03
(-0.161%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 18.64 -0.02 (-0.016%) ⇩ (Oct. 14, 2026, 6:42 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 6:18 a.m. EDT
The headline-grabbing 12% yield is a trap masking a decade of capital destruction. While the recent price action shows a slight uptick, the underlying business model of selling call options on volatile tech stocks has failed to generate alpha against the benchmark index, resulting in a nearly 25% loss over the last nine years. The market has correctly punished this structural flaw, evidenced by the trailing PE of nearly 30x and the recent year-over-year decline. Although the dividend remains robust and consistent, it is insufficient to offset the erosion of principal value. Options data confirms this skepticism, with traders aggressively buying protection rather than betting on a rally. For investors seeking income, this is a value trap; for those seeking growth, it is a dead end. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.033289 |
| AutoARIMA | 0.034359 |
| AutoTheta | 0.035374 |
| AutoETS | 0.035421 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 54% |
| H-stat | 3.51 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 2.56 |
| Attribute | Value |
|---|---|
| Trailing P/E | 28.49 |
As of Oct. 10, 2026, 6:18 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume relative to calls, particularly in the November and February expirations where OTM put open interest dominates. This suggests a fear of downside volatility or a 'sell the news' setup around earnings, despite the underlying asset being an income vehicle. The implied volatility skew is elevated for downside strikes, indicating a market expectation of a sharp drop rather than a steady grind.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.96% | 12.06% | 12.24% | 12.41% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-21 | 0.177 | 0.955208 |
| 2026-08-24 | 0.183 | 1.013289 |
| 2026-07-20 | 0.178 | 1.007928 |
| 2026-06-22 | 0.185 | 1.010377 |
| 2026-05-18 | 0.179 | 1.010728 |
| 2026-04-20 | 0.179 | 1.011871 |
| 2026-03-23 | 0.172 | 1.000000 |
| 2026-02-23 | 0.177 | 1.015491 |
| 2026-01-20 | 0.179 | 1.024027 |
| 2025-12-22 | 0.178 | 1.007928 |
| 2025-11-24 | 0.173 | 0.998269 |
| 2025-10-20 | 0.173 | 1.002317 |
| 2025-09-22 | 0.170 | 1.002950 |
| 2025-08-18 | 0.168 | 1.006591 |
| 2025-07-21 | 0.165 | 0.990396 |
| 2025-06-23 | 0.166 | 1.004843 |
| 2025-05-19 | 0.165 | 1.011649 |
| 2025-04-21 | 0.160 | 1.023018 |
| 2025-03-24 | 0.170 | 1.004135 |
| 2025-02-24 | 0.165 | 0.905102 |
| 2025-01-21 | 0.188 | 1.018418 |
| 2024-12-30 | 0.339 | 1.853472 |
| 2024-11-18 | 0.180 | 1.000556 |
| 2024-10-21 | 0.183 | 1.008264 |
| 2024-09-23 | 0.181 | 1.008919 |
| 2024-08-19 | 0.179 | 1.002801 |
| 2024-07-22 | 0.177 | 0.997745 |
| 2024-06-24 | 0.169 | 0.964062 |
| 2024-05-20 | 0.163 | 0.930897 |
| 2024-04-22 | 0.172 | 0.998839 |
| 2024-03-18 | 0.178 | 1.003948 |
| 2024-02-20 | 0.177 | 1.009122 |
| 2024-01-22 | 0.179 | 1.014739 |
| 2023-12-28 | 0.166 | 0.955671 |
| 2023-11-20 | 0.161 | 0.947059 |
| 2023-10-23 | 0.167 | 1.005418 |
| 2023-09-18 | 0.172 | 1.008206 |
| 2023-08-21 | 0.173 | 1.002317 |
| 2023-07-24 | 0.180 | 1.007839 |
| 2023-06-20 | 0.177 | 1.007399 |
| 2023-05-22 | 0.168 | 0.963303 |
| 2023-04-24 | 0.173 | 1.010219 |
| 2023-03-20 | 0.169 | 1.007752 |
| 2023-02-21 | 0.167 | 1.023284 |
| 2023-01-23 | 0.170 | 1.013715 |
| 2022-12-29 | 0.161 | 1.011307 |
| 2022-11-21 | 0.165 | 1.016010 |
| 2022-10-24 | 0.163 | 1.017478 |
| 2022-09-19 | 0.165 | 1.008557 |
| 2022-08-22 | 0.181 | 1.023756 |
| 2022-07-18 | 0.181 | 1.016854 |
| 2022-06-21 | 0.174 | 1.000000 |
| 2022-05-23 | 0.179 | 1.011871 |
| 2022-04-18 | 0.205 | 1.005395 |
| 2022-03-21 | 0.210 | 1.017442 |
| 2022-02-22 | 0.202 | 1.020202 |
| 2022-01-24 | 0.203 | 1.000000 |
| 2021-12-30 | 0.499 | 2.243705 |
| 2021-11-22 | 0.225 | 0.992501 |
| 2021-10-18 | 0.197 | 0.872840 |
| 2021-09-20 | 0.190 | 0.851254 |
| 2021-08-23 | 0.188 | 0.822038 |
| 2021-07-19 | 0.223 | 1.012256 |
| 2021-06-21 | 0.194 | 0.875056 |
| 2021-05-24 | 0.221 | 1.000000 |
| 2021-04-19 | 0.228 | 1.015590 |
| 2021-03-22 | 0.224 | 0.999108 |
| 2021-02-22 | 0.233 | 1.021034 |
| 2021-01-19 | 0.229 | 0.998256 |
| 2020-12-30 | 0.230 | 1.008330 |
| 2020-11-23 | 0.223 | 1.004504 |
| 2020-10-19 | 0.217 | 1.016393 |
| 2020-09-21 | 0.212 | 1.005216 |
| 2020-08-24 | 0.220 | 1.007326 |
| 2020-07-20 | 0.214 | 0.996276 |
| 2020-06-22 | 0.209 | 1.000958 |
| 2020-05-18 | 0.204 | 0.996580 |
| 2020-04-20 | 0.199 | 1.016343 |
| 2020-03-23 | 0.181 | 1.005556 |
| 2020-02-24 | 0.238 | 1.037942 |
| 2020-01-21 | 0.199 | 0.837190 |
| 2019-12-30 | 0.165 | 0.699894 |
| 2019-11-20 | 0.195 | 0.840880 |
| 2019-10-23 | 0.177 | 0.775296 |
| 2019-09-25 | 0.175 | 0.771945 |
| 2019-08-21 | 0.227 | 1.003537 |
| 2019-07-24 | 0.171 | 0.731551 |
| 2019-06-26 | 0.215 | 0.945471 |
| 2019-05-22 | 0.211 | 0.944494 |
| 2019-04-24 | 0.179 | 0.782856 |
| 2019-03-20 | 0.204 | 0.900463 |
| 2019-02-20 | 0.185 | 0.831274 |
| 2019-01-23 | 0.217 | 1.002773 |
| 2018-12-28 | 0.172 | 0.816133 |
| 2018-11-21 | 0.225 | 0.995575 |
| 2018-10-24 | 0.247 | 1.077661 |
| 2018-09-26 | 0.201 | 0.802395 |
| 2018-08-22 | 0.226 | 0.905812 |
| 2018-07-25 | 0.181 | 0.724580 |
| 2018-06-20 | 0.200 | 0.815993 |
| 2018-05-23 | 0.216 | 0.880554 |
| 2018-04-25 | 0.234 | 0.989429 |
| 2018-03-21 | 0.249 | 1.007689 |
| 2018-02-21 | 0.249 | 1.003223 |
| 2018-01-24 | 0.250 | 1.006036 |
| 2017-12-20 | 0.247 | 1.002842 |
| 2017-11-22 | 0.132 | 0.539657 |
| 2017-09-20 | 0.154 | 0.645784 |
| 2017-08-23 | 0.203 | 0.859441 |
| 2017-07-26 | 0.159 | 0.665550 |
| 2017-06-21 | 0.221 | 0.930135 |
| 2017-05-24 | 0.126 | 0.530750 |
| 2017-04-26 | 0.145 | 0.617810 |
| 2017-03-22 | 0.123 | 0.535481 |
| 2017-02-22 | 0.100 | 0.432620 |
| 2017-01-25 | 0.128 | 0.557491 |
| 2016-12-21 | 0.146 | 0.650334 |
| 2016-11-23 | 0.162 | 0.722569 |
| 2016-10-26 | 0.149 | 0.669362 |
| 2016-09-21 | 0.194 | 0.877828 |
| 2016-08-24 | 0.130 | 0.595511 |
| 2016-07-20 | 0.141 | 0.645900 |
| 2016-06-22 | 0.202 | 0.937355 |
| 2016-05-25 | 0.171 | 0.784944 |
| 2016-04-20 | 0.156 | 0.697363 |
| 2016-02-24 | 0.220 | 1.009174 |
| 2015-12-23 | 0.215 | 0.922351 |
| 2015-11-25 | 0.181 | 0.768251 |
| 2015-10-21 | 0.214 | 0.924007 |
| 2015-09-23 | 0.222 | 0.978836 |
| 2015-08-26 | 0.204 | 0.948837 |
| 2015-07-22 | 0.152 | 0.637611 |
| 2015-06-24 | 0.150 | 0.630252 |
| 2015-05-20 | 0.169 | 0.719455 |
| 2015-04-22 | 0.153 | 0.648855 |
| 2015-03-25 | 0.160 | 0.684141 |
| 2015-01-21 | 0.230 | 0.986659 |
| 2014-12-24 | 0.144 | 0.600250 |
| 2014-10-22 | 0.241 | 1.011330 |
| 2014-09-24 | 0.195 | 0.779688 |
| 2014-08-20 | 0.222 | 0.882002 |
| 2014-07-23 | 0.209 | 0.826740 |
| 2014-06-25 | 0.213 | 0.851319 |
| 2014-05-21 | 0.245 | 0.980000 |
| 2014-04-23 | 0.263 | 1.066937 |
| 2014-03-26 | 0.193 | 0.769231 |
| 2014-02-26 | 0.193 | 0.755677 |
| 2014-01-22 | 0.257 | 1.006659 |
| Attribute | Value |
|---|---|
| All Time High | 26.0 |
| All Time Low | 14.475 |
| Ask | 18.08 |
| Ask Size | 3 |
| Average Daily Volume10 Day | 2,993,520 |
| Average Daily Volume3 Month | 3,888,525 |
| Average Volume | 3,888,525 |
| Average Volume10Days | 2,993,520 |
| Beta3 Year | 0.46 |
| Bid | 18.07 |
| Bid Size | 326 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 18.69 |
| Day Low | 18.64 |
| Display Name | NASDAQ 100 Covered Call ETF |
| Dividend Date | 1,496,102,400 |
| Dividend Yield | 5.71 |
| Eps Trailing Twelve Months | 0.6550005 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 18.363 |
| Fifty Day Average Change | 0.29699898 |
| Fifty Day Average Change Percent | 0.01617377 |
| Fifty Two Week Change Percent | 8.662796 |
| Fifty Two Week High | 18.7 |
| Fifty Two Week High Change | -0.040000916 |
| Fifty Two Week High Change Percent | -0.0021390864 |
| Fifty Two Week Low | 16.625 |
| Fifty Two Week Low Change | 2.0349998 |
| Fifty Two Week Low Change Percent | 0.122406006 |
| Fifty Two Week Range | 16.625 - 18.7 |
| First Trade Date Milliseconds | 1,386,858,600,000 |
| Five Year Average Return | 0.0974473 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.04850006 |
| Fullday Change Percent | -0.25949737 |
| Fullday Price | 18.66 |
| Fund Family | Global X Funds |
| Fund Inception Date | 1,386,720,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund will invest at least 80% of its total assets in the securities of the underlying index. The CBOE NASDAQ-100® BuyWrite Index is a benchmark index that measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the NASDAQ-100® Index, and "writes" (or sells) a succession of one-month at-the-money NASDAQ-100® Index covered call options. It is non-diversified. |
| Long Name | Global X NASDAQ 100 Covered Call ETF |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_247675570 |
| Nav Price | 18.69 |
| Net Assets | 8,478,908,900.0 |
| Net Expense Ratio | 0.6 |
| Open | 18.68 |
| Phone | +1 8884938631 |
| Post Market Change | -0.016199112 |
| Post Market Change Percent | -0.08681196 |
| Post Market Price | 18.6438 |
| Post Market Time | 1,792,017,779 |
| Previous Close | 18.69 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0300007 |
| Regular Market Change Percent | -0.160517 |
| Regular Market Day High | 18.69 |
| Regular Market Day Low | 18.64 |
| Regular Market Day Range | 18.64 - 18.69 |
| Regular Market Open | 18.68 |
| Regular Market Previous Close | 18.69 |
| Regular Market Price | 18.66 |
| Regular Market Time | 1,792,008,001 |
| Regular Market Volume | 2,727,578 |
| Short Name | Global X NASDAQ 100 Covered Cal |
| Source Interval | 15 |
| Symbol | QYLD |
| Three Year Average Return | 0.1704744 |
| Total Assets | 8,478,908,928 |
| Tradeable | 0 |
| Trailing P E | 28.488527 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.67487 |
| Trailing Three Month Returns | 3.67487 |
| Triggerable | 1 |
| Two Hundred Day Average | 17.9262 |
| Two Hundred Day Average Change | 0.733799 |
| Two Hundred Day Average Change Percent | 0.04093444 |
| Type Disp | ETF |
| Volume | 2,727,578 |
| Yield | 0.0571 |
| Ytd Return | 14.86297 |