Tuttle Capital MSTR 0DTE Covered Call ETF(CBOE:MSTK)

MSTK aims to provide current income by utilizing a synthetic covered call strategy linked to MicroStrategy Inc. (NASDAQ: MSTR). In executing the synthetic covered call strategy, the fund will sell out-of-the-money, zero days to expiration (0DTE) call options on MSTR, which means the call options expire at the end of the day or reset daily. This strategy aims to capture daily premiums and avoid large overnight gaps. Up to 20% of the fund can be used for options with one day to expiration (1DTE), two days to expiration (2DTE), or FLEX options. Writing out-of-the-money call options with short expirations effectively limits potential gains if the price of the MSTR rises significantly. The fund aims for monthly distributions. The fund invests in short-term US Treasurys and money market instruments as collateral for options contracts. At times, the fund may invest in MSTR shares directly to achieve its objectives.