Yesterday, I made a post about $CHPY and its NAV performance over the past several months. It has been down more than SOXX. I said that CHPY will recover its NAV well when the semiconductor sector strongly rallies. Well, today is an example of what I was talking about. Selling call credit spreads is a great strategy for risk-adjusted returns while producing income. I do not know if the semiconductors will keep rallying, but I wanted to use today as an example of how CHPY behaves and what sort of markets it excels in.
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