| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JF Joshua Frierdich Mid-American Wealth Advisory Group Inc. | 60,684 | $2.11M | $2.21M | $101,342.28 | 4.8% |
| BATS Exchange | US Country |
The fund operates as an actively-managed exchange-traded fund (ETF) with a specific focus on options trading to achieve its investment objectives. Utilizing a strategic approach, the fund invests almost entirely in options on the S&P 500 Price Index, leveraging both call options purchases and put options sales to navigate market conditions. The fund's operations are based on a calculated schedule, where it engages in these options transactions on designated Initial Investment Days, with options set to expire on the subsequent Roll Date. This methodology aligns with the fund's goal to track the performance of the S&P 500 Price Index, potentially offering investors a nuanced way to participate in the movements of this major stock market index through options trading.
The fund offers specialized investment products structured around options trading on the S&P 500 Price Index. These are designed to cater to investors looking for exposure to the performance of the S&P 500 through a strategy that involves both the purchasing of call options and the selling of put options. Below is an outline of the products and services provided:
The fund invests in call options on the S&P 500 Price Index or an ETF that tracks this index. Buying call options gives the fund the right, but not the obligation, to purchase the underlying index at a predetermined price before the option expires. This strategy is employed with the expectation that the S&P 500 will rise, allowing the fund to benefit from the upswing while limiting the risk to the premium paid for the calls.
In addition to purchasing call options, the fund actively sells put options on the S&P 500 Price Index or an ETF that mirrors its performance. Selling put options involves taking on the obligation to buy the index at a specified price if the option is exercised by the buyer. This tactic is generally used when the expectation is that the index will not fall below the strike price, enabling the fund to earn premium income from the options sold, which can offer a hedge against declines or enhance returns.