Jan. 21 at 8:53 PM
$NFLP
Figured I should hop over to ChatGPT and figure out what I just bought a call in.
While a YOLO/test my
$NFLX target trade, turns out NFLP isn’t a bad little stock to keep an eye on. The monthly distribution is nice.
At a minimum I learned something new;
“Launched on October 26, 2023, NFLP employs a synthetic covered call strategy, collateralized by cash and short-term fixed-income instruments, to generate monthly income. 
The fund distributes income monthly, with a recent distribution rate of 36.08% and a distribution amount of
$1.05 per share. 
The ETF has a net expense ratio of 0.99%, with the fund’s adviser contractually agreeing to waive fees and reimburse expenses until July 31, 2025, to maintain this rate.”