A.I.M. Users Bulletin Board

[lrp42]

Options/Arbitrage closed-end funds--

I had been doing some recent screening and I have come across a unique investment critter (at least to me). It seems that there are several of these CEFs around which enhance their returns by writing covered call options. I haven't found one with a lot of history yet, so it is difficult to for me to see how they fare on a ZigZag chart. A couple that have caught my interest are ETB and BDJ. The yields on most of these CEFs are currently in excess of 8%.

Have any of you AIM'd any of these type of CEFs yet? If so, how was the volatility, say compared to a normal equity fund?

Thanks,

Ray