IncomeShares
S&P500 Options (0DTE) ETP
IncomeShares S&P500 Options (0DTE) ETP
Summary
The Investment Strategy seeks to generate monthly income by selling each day put options on the S&P500 Index or the SPDR S&P 500 ETF Trust with a Daily Option Expiry and paying a return on the cash held. The ETP Securities aim to harvest yields, while retaining upside exposure to up to the options’ Strike Price.
Why S&P500 Options (0DTE) ETP?
Maximum Income
Enhanced monthly income generated from selling cash-secured put options and returns on cash held.
Accelerated Premium Collection
Options lose value as they approach expiration, with the most significant portion occurring in the final hours. By selling 0DTE options, the ETP capitalizes on this rapid time decay.
Income Diversification
Income from options premiums isn't directly linked to interest rates or dividends, offering a diversified stream that can complement other income sources in a portfolio.
Performance
Data as of 01 Dec 2023
$ 100,000
$ 100,000
Net Asset Value
Key Information
Structure
Distributions
Distribution Calendar
Monthly Distribution
Declaration Date | Ex-Date | Record Date | Payment Date | Distribution Per Share | Distribution %* |
---|---|---|---|---|---|
30 Sep 2024 | 01 Oct 2024 | 02 Oct 2024 | 10 Oct 2024 | TBA | TBA |
*The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income and cash return, remained the same going forward. The Distribution Rate is calculated by multiplying an ETP’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETP’s most recent NAV. The Distribution Rate represents a single distribution from the ETP and does not represent its total return. Distributions are not guaranteed.
Tax & Legal
Listings & Tickers
Country | Exchange | Base Currency | Trading Currency | Exchange Code | ISIN | SEDOL | BBG Ticker | RIC | WKN | Listing Date |
---|---|---|---|---|---|---|---|---|---|---|
UK | London Stock Exchange | USD | USD | SPYY | XS2875106242 | BM8ZBD0 | SPYY LN | SPYY.L | A4A50P | 28 Aug 2024 |
UK | London Stock Exchange | USD | GBP | SPYO | XS2875106242 | BM8ZBG3 | SPYO LN | SPYO.L | A4A50P | 28 Aug 2024 |
Holdings
Name | Ticker | SEDOL | Market Price | Currency | Shares Held | Market Value |
---|---|---|---|---|---|---|
SPY Sep16'24 562 Put | SPY 240916P00562000 | N/A | 2.6418 | USD | -2 | -528.36 |
Cash | Cash_USD_56 | Cash | 1 | USD | 126371.8 | 126371.8 |