Defiance Leveraged Long Income PLTR ETF(NASDAQ:PLT)

PLT aims to provide monthly income distributions by combining leveraged exposure to Palantir Technologies (PLTR) exposure with a yield-enhancing options overlay. PLTR is known for its AI-driven data analytics platforms, including Foundry and Gotham, which enable businesses to utilize data for strategic decision-making. The fund targets 150% to 200% of PLTRs daily returns through derivatives such as swap agreements and short-dated, in-the-money call options. The leverage range depends on market volatility, liquidity, and cost considerations. Note that the fund has no defensive position. The fund also employs an income generation strategy via writing credit call spreads, selling a call option while purchasing another at a higher strike price to generate premiums and offset the leverage risks. This approach covers about half of the exposure, which can limit upside potential but helps offset potential losses. Holdings include cash-like instruments as collateral. The fund may also hold other PLTR-linked ETFs.