Key stats
About Tuttle Capital MSTR 0DTE Covered Call ETF
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Inception date
Oct 23, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tuttle Capital Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US26923Q8042
MSTK aims to provide current income by utilizing a synthetic covered call strategy linked to MicroStrategy Inc. (NASDAQ: MSTR). In executing the synthetic covered call strategy, the fund will sell out-of-the-money, zero days to expiration (0DTE) call options on MSTR, which means the call options expire at the end of the day or reset daily. This strategy aims to capture daily premiums and avoid large overnight gaps. Up to 20% of the fund can be used for options with one day to expiration (1DTE), two days to expiration (2DTE), or FLEX options. Writing out-of-the-money call options with short expirations effectively limits potential gains if the price of the MSTR rises significantly. The fund aims for monthly distributions. The fund invests in short-term US Treasurys and money market instruments as collateral for options contracts. At times, the fund may invest in MSTR shares directly to achieve its objectives.
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Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MSTK trades at 23.19 USD today, its price has risen 3.80% in the past 24 hours. Track more dynamics on MSTK price chart.
MSTK assets under management is 226.28 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MSTK fund flows account for 249.97 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MSTK invests in bonds. See more details in our Analysis section.
MSTK expense ratio is 0.99%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MSTK isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MSTK pays dividends to its holders with the dividend yield of 2.11%.
MSTK trades at a premium (0.23%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MSTK shares are issued by Tuttle Capital Management LLC
MSTK follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 23, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.