ETFs Using Options-Based Income

<p>The S&amp;P 500 High Income ETF (SPYI) aims to deliver an attractive monthly distribution. SPYI uses a strategy intended to replicate the S&amp;P 500 Index and utilizes a call spread approach as opposed to the more common covered call strategy. Garrett Paolella weighs in on other ETFs using options-based income. The BNDI ETF provides an enhanced approach to the exposure offered by the U.S. Aggregate Bond Index. Also, the CSHI ETF has an innovative alternative to ultra-short fixed income and cash positions. Both ETFs utilize a put spread approach.</p>