VegaShares Launches the First Multi-Index Covered Call Income ETF (ODTE)
(ODTE)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--VegaShares (“Vega”), a leading derivatives-focused ETF provider, announced the launch of the VegaShares SPX NDX RTY Premium Income ETF (Nasdaq: ODTE), an exchange-traded fund designed to generate, weekly income by selling one-day, out-of-the-money call options across three major U.S. equity benchmarks, including the S&P 500® Index, the Nasdaq-100 Index®, and the Russell® 2000 Index.“ODTE systematically harvests short-dated implied volatility as a source of income,” said Adam Stempel, Co-Founder and Managing Partner of Vega. “By resetting the option strikes daily, market timing risk is potentially reduced, and each trading day starts with a new opportunity for income and growth.”The exposure to each index is actively weighted based on Vega’s quantitative framework. It incorporates multiple volatility factors with the goal of maximizing premium income vs risk, as well as improving risk-adjusted return. By writing index options that qualify as Section 1256
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