I opened $Global X Nasdaq 100 Covered Call ETF(QYLD)$ ,QYLD: A Stable Income Play in an Unstable Market QYLD (Global X Nasdaq 100 Covered Call ETF) is a great buy in volatile or unstable markets because of its unique covered call strategy. Unlike traditional growth-focused ETFs, QYLD prioritizes income generation through option premiums, which gives it defensive characteristics. Lower Volatility in Market Swings Since QYLD sells covered calls on the Nasdaq 100, it earns a steady income from option premiums, regardless of whether the market rises or falls. This strategy caps upside potential—meaning it won’t rise as much as QQQ in a bull market—but it also cushions against steep declines in bear markets. When the Nasdaq 100 drops sharply, QYLD d