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![RoaringHammy Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1421253326360829954.png) Roaring Hammy 🏇🌹 [@RoaringHammy](/creator/twitter/RoaringHammy) on x 12.6K followers
Created: 2025-07-21 01:46:38 UTC

From my understanding of cover call ETF (not specific to YMAX as i don't own them), when they write cover calls, sometimes those options are in the money at expiry, they either settle the option or repurchase the underlying positions, so sometimes, the option premium they collect each month is less than the loss, that's why covercall ETF i see have return on capital in order to have consistent monthly dividend distribution


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**Related Topics**
[positions](/topic/positions)
[money](/topic/money)
[fund manager](/topic/fund-manager)
[hammy](/topic/hammy)

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