The Index uses a rules-based algorithmic approach that seeks to replicate operating a monthly “covered call” income strategy on an ETF on WTI crude oil, maintaining a long position in shares of the United States Oil Fund LP (USO) (the “Shares”) while selling hypothetical call options each month on that position (the “Options”). The hypothetical sale of options (“New Options”) and repurchase of existing options (“Expiring Options”) will occur each month, generally over a five day period (the “Roll Period”), in order to “roll” the options and maintain a continuing short Option position on the Shares.
0.00
As of 03/31/2023
2022 © Stock Market MBA, Inc.