Covered Call ETFs GPIX

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Covered Call ETFs SPYI & GPIX Upside + Downside
Seeking Alphaยท 2025-08-20 23:20
Jack Bowman: Daniel, thanks for having me on. DS: So why don't we kick this thing off with just talking about (BATS:SPYI) and (NASDAQ:GPIX) and give us the overview of these funds and what they do. JB: They are covered call funds, which essentially means that they're buying long stock. In this case, they buy the components of the S&P 500 (SP500). So just like (SPY), they are 8% NVIDIA (NVDA), 6% Apple (AAPL), or whatever the weights are. But they put an overlay on top of it. So they sell covered calls which ...