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SPYI Yield Explained: How VIX Drives S&P 500 Option ETF Returns

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • SPYI's 12% distribution rate relies on S&P 500 call option premiums rather than traditional dividend yields.
  • Low VIX levels compress premium generation, potentially forcing the fund to rely on return of capital unless market volatility rises.
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