The leveraged ETF complex includes various strategies beyond simple 2x long; covered call overlaying (selling call options on long stock positions) is actually a form of corporate credit underwriting where individuals receive income from call premiums but maintain 100% downside exposure, equivalent to being short credit risk without credit underwriting skills.

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Speaker

Mike Green

Evidence Quote

if you do the payoff structure on that, that's just a form of corporate credit.

Source

Stock Market Leverage Higher than at Any Time in History | Michael GreenWTFinance
Created: 8/12/2026, 6:11:43 PM

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