Aug. 29 at 3:09 AM
$IGME writes covered calls systematically on GME and distributes income—but comes with a management fee (~0.98%)
But it’s really just financial engineering, don’t even bother with this. You’re better off buying GME and writing your own covered calls and not paying a management fee.
P.S. — Even though it shows a huge headline yield (~15%), the NAV (price of the ETF) has dropped nearly 27% in just two months. That creates a trap where the “dividends” look juicy, but your capital base is shrinking faster than the income makes up for.
