Lead-Lag Live
Welcome to the Lead-Lag Live podcast, where we bring you live unscripted conversations with thought leaders in the world of finance, economics, and investing. Hosted by Melanie Schaffer each episode dives deep into the minds of industry experts to discuss current market trends, investment strategies, and the global economic landscape.
In this exciting series, you'll have the rare opportunity to join Melanie Schaffer as she connects with prominent thought leaders for captivating discussions in real-time. The Lead-Lag Live podcast aims to provide valuable insights, analysis, and actionable advice for investors and financial professionals alike.
As a dedicated listener, you can expect to hear from renowned financial experts, best-selling authors, and market strategists as they share their wealth of knowledge and experience. With a focus on topical issues and their potential impact on financial markets, these live unscripted conversations will ensure that you stay informed and ahead of the curve.
Subscribe to the Lead-Lag Live podcast and follow @leadlagmedia on X to stay updated on upcoming live conversations and to gain exclusive access to a treasure trove of financial wisdom. Don't miss out on this incredible opportunity to learn from the best and brightest minds in the business.
Join us on this journey as we explore the complex world of finance and investments, one live unscripted conversation at a time. Be sure to like, comment, and share the Lead-Lag Live podcast with your network to help others discover these invaluable insights.
Stay tuned for the latest episode of the Lead-Lag Live podcast, and remember to turn on notifications so you never miss a live conversation with your favorite thought leaders. Happy listening!
Lead-Lag Live
Weekly Payouts from Volatility? Will Rhind on GraniteShares YieldBOOST ETFs
In this episode of Lead-Lag Live, I sit down with William Rhind, Founder and CEO of GraniteShares, to dig into the firm’s YieldBOOST ETF lineup, a strategy designed to generate high weekly distributions by selling options on volatile assets like Tesla, Bitcoin, and Coinbase.
We break down how these funds work, the real risks behind the high yields, and why demand for weekly-paying income ETFs is surging in today’s market.
In this episode:
- How Yield Boost ETFs generate double, and triple-digit yields
- Why buying downside protection makes this different from traditional covered calls
- What NAV erosion is —and how these ETFs mitigate it
- Weekly distributions explained: frequency, payouts, and investor demand
- What’s next in the Yield Boost lineup, and how you can follow the latest launches
Lead-Lag Live brings you inside conversations with top financial minds shaping markets in real time.
Subscribe for more interviews, insights, and raw takes that cut deeper than the headlines.
#LeadLagLive #GraniteShares #WillRhind #ETFs #OptionsTrading #WeeklyIncome #YieldBoost #IncomeInvesting #Bitcoin #Tesla #Coinbase
Energy Rocks: the trending Focus Candy now on sale! or Power up now with Energy Rocks Adult Focus Candy. energyrocks.store/LEAD25OFF.
Yield boost ETFs are a family of ETFs from Granite shares that sell options to generate weekly high income or high yields. Cause was selling options that are weekly options, it made sense to also align that with the distribution so that we're paying a weekly distribution to investors.
Speaker 2:I'm your host, Melanie Schaefer. Welcome to Lead Leg Live Now. Fresh inflation data recently dropped. Well, technically, it spiked, with the producer price index jumping 0.9% in July, the sharpest monthly move since June 2022. Year over year, prices climbed 3.3%, the biggest gain since February. It's another sign that the traditional economic playbook might be breaking down and while analysts scramble to interpret conflicting signals, my guest today, William Rind, founder and CEO of Granite Shares, is here to break down exactly what's driving the markets right now and where investors might find opportunities. Thanks so much for joining me today, Will.
Speaker 1:Thank you for having me, melanie, pleasure to be here.
Speaker 2:So, just to get started, what exactly are yield boost ETFs and why do you think they've become so popular?
Speaker 1:they've become so popular. Yield boost ETFs are a family of ETFs from Granite shares that sell options to generate a weekly high income or high yields.
Speaker 2:So what sort of yields can investors realistically expect from them?
Speaker 1:Yeah, so the yields are generated by selling options on different underlying ETFs. In the case of yield boost, the reason why the yield can in some cases be extremely high is because we're selling options on underlying ETFs that themselves are leveraged, and those underlying ETFs can be either ETFs on broad indices such as S&P 500 or NASDAQ, or individual underlyings like stocks, Tesla, Nvidia or assets such as Bitcoin and, depending on the volatility of the underlying, will determine a lot in terms of the yield. So if you're looking at a broader index, those kind of yields might be in the region of, say, 50% per annum on an annualized basis and on the single underlyings, that could be anywhere from 100% in the case of something like a Bitcoin to. I think the highest one we have at the moment is COYY, which is based on Coinbase, the underlying crypto stock, and that's about 180% on an annualized basis. So it can be a big difference depending on the volatility of the underlying.
Speaker 2:Can you talk a little bit about how this strategy works behind the scenes?
Speaker 1:Yeah, absolutely so. In essence, it's a bull spread, a put spread, which means in simplistic terms that, on the one hand, we're selling a put option on the underlying ETF and that is being used to generate the premium or the income that gets distributed to investors. Now, because these underlyings are volatile, as we mentioned, and hence the reason why these are able to generate such high yields, is because we're taking advantage of that volatility. At the same time as we sell the put option, we also buy a put option on the underlying, typically a little bit out of the money, and what that means is that that provides some downside protection in case the underlying goes down. One hand to generate yield or generate income, and then buying options to give some downside protection in the event that the underlying goes down. And that is really the strategy. And, of course, every week we are paying out that distributionally yield.
Speaker 2:Okay, so you've talked a little bit about how the ETFs offer protection from downside, and but you also mentioned volatility, which can scare some investors. What about NAV erosion?
Speaker 1:Yeah, so I think when it comes to strategies like yield boost and options-based income more broadly, you're effectively taking advantage of volatility in the market because when you sell an option, you're effectively selling volatility, and so when you're a seller of anything, you want to be sort of doing that in an environment where the underlying is high. So the asset, if you will, is volatility is an asset. You sell that high versus low and in that you're generating that yield. Now, nav erosion and the concept of that comes from strategies in the market that do not have any protection against the downside. So typically those are covered call ETF type strategies which don't offer, typically, any protection against a fall in the underlying assets value. And that's why, with YieldBoost, what's unique about YieldBoost is not only are we taking advantage of the volatility by selling options, but we're also buying put options to help protect against some of that downside if there is a fall, of course, in value of the underlying asset.
Speaker 2:Right, and so you mentioned this briefly. But how often do investors receive distributions? How does that work? How?
Speaker 1:often do investors receive distributions? How does that work? Yeah, so they're all weekly payers, which means that the distribution is paid out once a week, and that's something that's become very popular. Typically, some other strategies distribute once a month or even less frequently, sometimes once a year, but with YieldBoost, because we're selling options that are weekly options, it made sense to also align that with the distribution, so that we're paying a weekly distribution to investors.
Speaker 2:Yeah, and so well. What kind of exposures are currently available through the Yield Boost lineup?
Speaker 1:It's really a number of different exposures, ranging from popular indices such as the NASDAQ and or S&P to single assets. I would say that, on the single asset side, those have been the most popular and those provide exposure to underlying indirect exposure to things like Tesla or Nvidia in terms of stocks, and Coinbase now, which is our latest offering, and then Bitcoin itself as well. So, different underlyings, different single asset underlyings and broad diversified underlyings, and then, obviously, with the yield boost range, we'll be rolling out more as time goes on.
Speaker 2:Yeah, so that's what I was going to ask you. Next, you mentioned Coinbase, but will we be seeing any more yield boost ETFs from Granite shares in the near future?
Speaker 1:Yeah, absolutely so. We originally filed for 20 funds, which currently we have six in the market, and so we're actively working on launching more into the market kind of as quickly as we can. So we're trying to bring out more underlyings and, of course, you're as welcome feedback from anybody in terms of what particular underlyings that they would like to see yield boost strategies on.
Speaker 2:Yeah, and finally Will. Before we wrap up, where can viewers follow you and Granite Shares on social media to keep up with your latest launches and your insights?
Speaker 1:We're active on most of the major social media platforms, namely X and LinkedIn. I think the best sort of way that people typically interact with us is on X, where we publish the weekly distributions, publish the press release, the distributions amount and that's the Granite Shares handle on X. So a lot of people, I think, prefer to keep up with the news that way. Also, on our website, clearlygranitesharescom, we post all the information and that will be the most comprehensive as well. But I think X is probably the place where we see the majority of investors sort of interacting with our content.
Speaker 2:Well, thanks again for joining me Will, and thanks to everyone for watching. Be sure to like, share and subscribe for more episodes of Lead Leg Live. I'm Melanie Schaefer. See you next time you.
