The annual fee that you pay to the fund company for managing your investment. The lower the expense ratio, the better. This is not an investment recommendation.
TMGN is an actively managed ETF that aims to generate income through a daily covered call option writing strategy based on exposure to an index of the ten largest US technology or growth companies. The long stock exposure is fixed on a quarterly basis. The option strategy utilizes zero days to expiration (0DTE) index call options, where the ETF sells out-of-the-money call options each day in attempt to collect premium income, while also retaining the flexibility to use weekly options, put options, or multi-leg strategies during periods of heightened volatility. The daily call strategy caps the upside potential of the underlying securities at the strike price. The funds adviser uses a proprietary system to identify daily strike prices by analyzing market volatility, historical data, and other dynamic parameters, aiming to maximize theta decay, reduce time risk, and maintain flexibility to adjust positions as market conditions change. Taxation treatment of distributions may vary.
First distribution looks good. If they can keep it up while growing even slightly I'm good.
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FAQs
What is TappAlpha Cboe Magnificent 10 Growth & Daily Income stock price today?▼
The current price of TMGN is $24.08 USD — it has decreased by -3.56% in the past 24 hours. Watch TappAlpha Cboe Magnificent 10 Growth & Daily Income stock price performance more closely on the chart.
What is TappAlpha Cboe Magnificent 10 Growth & Daily Income stock ticker?▼
Depending on the exchange, the stock ticker may vary. For instance, on BATS exchange TappAlpha Cboe Magnificent 10 Growth & Daily Income stocks are traded under the ticker TMGN.
Does TappAlpha Cboe Magnificent 10 Growth & Daily Income pay dividends?▼
Yes, TMGN dividends are paid monthly. The last dividend per share was 0.44 . As of today, Dividend Yield (FWD)% is 21.94%.
In which sector is TappAlpha Cboe Magnificent 10 Growth & Daily Income located?▼
TappAlpha Cboe Magnificent 10 Growth & Daily Income operates in the Finance & Payments sector.
When did TappAlpha Cboe Magnificent 10 Growth & Daily Income complete a stock split?▼
TappAlpha Cboe Magnificent 10 Growth & Daily Income has not had any recent stock splits.
Where is TappAlpha Cboe Magnificent 10 Growth & Daily Income headquartered?▼
TappAlpha Cboe Magnificent 10 Growth & Daily Income is headquartered in Seattle, United States.