Overlay Parameters
Active Monthly Roll
103.0% (3% OTM)
100% = ATM (Highest Yield, Max Drag) | 105% = 5% OTM (Higher Upside Capture)
75%
% of portfolio underlying overwritten with monthly call options
20.0%
Higher IV expands option premiums harvested per monthly roll cycle
0.68%
💡 Strategy Mechanics: The ETF holds standard index equity baskets while selling out-of-the-money call options. Monthly option premiums are harvested and paid out as regular cash yield.
Annualized Yield
11.4%
Monthly Income Harvest
ETF Net Total Return
+9.8%
NAV + Yield Distribution
Index Total Return
+5.2%
Benchmark Market Index
Max Drawdown (ETF)
-8.4%
Protected by Call Premium
Max Drawdown (Index)
-12.1%
Unhedged Benchmark Peak-to-Trough
Upside Capture Ratio
68.0%
Relative Bull Participation
Monthly Expiration Payoff Profile
Covered Call Curve vs Underlying SpotSimulated 12-Month Performance Trajectory
Compare benchmark index price path against Active ETF NAV and Cumulative Net Total Return (NAV + Yield Cashflow)
Benchmark Index
Active ETF Net Total Return
ETF Price NAV