How Recession Proof Are The NEOS ETFs? SPYI, QQQI and Others

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The video discusses the performance of several covered call ETFs (SPYI, QQQI, QLYD, QDTE, QDTY, PBP) and compares them to the broader market, particularly in the context of market downturns like the one experienced during the pandemic. SPYI and QQQI, NEOS ETFs, showed resilience and recovered from previous lows, with SPYI trading at 53.65 and QQQI at 54.60, both indicating a bullish trend with targets around 55.0 and 56.0 respectively, and failure bounds at 52.0 and 53.0. Conversely, QLYD, QDTE, and QDTY, which are Global X and YieldMax ETFs, have shown more significant declines, with QLYD at 18.28, QDTE at 29.01, and QDTY at 39.10, all exhibiting bearish trends. Despite these declines, the analysis suggests a potential for recovery, with targets for these being 19.50, 31.00, and 41.00 respectively, and failure bounds at 17.00, 27.00, and 37.00. The PBP ETF (Invesco S&P 500 BuyWrite ETF) is currently trading at 23.31, also showing a bearish trend from a previous high, with a target of 24.50 and a failure bound of 22.00. The key takeaway is that while some covered call ETFs have demonstrated better downside protection and recovery, others have struggled more in bear markets, implying that the strategy's effectiveness can vary significantly based on the underlying index and management approach.

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