BITK
Tuttle Capital IBIT 0DTE Covered Call ETF
📎 Investment Objective
The Tuttle Capital IBIT 0DTE Covered Call ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the IBIT 0DTE Covered Call Index.
Overview
ETF tracking Tuttle Capital IBIT 0DTE Covered Call ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Tuttle Capital IBIT 0DTE Covered Call ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the IBIT 0DTE Covered Call Index.
🎯 Investment Strategy
The ETF invests in a portfolio of equity securities that are components of the IBIT 0DTE Covered Call Index and writes (sells) call options on those securities. The index tracks the performance of a portfolio that holds the same securities as the S&P 500 Index and writes at-the-money call options on those securities with a one-day time to expiration.
✨ Key Features
- Provides exposure to the S&P 500 Index with a covered call strategy
- Writes call options with a one-day time to expiration to generate additional income
- Aims to provide downside protection compared to a direct investment in the S&P 500
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the ETF's holdings may decline due to general market and economic conditions.
- Covered call risk: The ETF's covered call strategy may limit the upside potential of the underlying stocks.
- Liquidity risk: The ETF may experience low trading volume, making it difficult to buy or sell shares at desired prices.
- Concentration risk: The ETF's performance is tied to the S&P 500 Index, so it is subject to the same risks as the broader market.
👤 Best For
The Tuttle Capital IBIT 0DTE Covered Call ETF may be suitable for investors seeking exposure to the S&P 500 Index with a covered call strategy to generate additional income and potentially provide some downside protection. However, investors should be aware of the risks associated with the covered call strategy and the concentration in the S&P 500 Index.