This oil ETN pays a 21% yield. Most investors don’t realize that it is not an ETF.
The UBS ETRACS Crude Oil Covered Call ETN (USOI) yields 21.08% by writing covered calls on United States Oil Fund (USO) positions, but this strategy limits upside gains during volatile oil markets; UBS has taken on greater credit risk after acquiring Credit Suisse, expanding its balance sheet to $1.7 trillion, almost double Switzerland’s GDP. Oil…