VegaShares SPX NDX RTY Premium Income ETF (ODTE)

The VegaShares SPX NDX RTY Premium Income ETF (ODTE) is an actively managed options-income fund from VegaShares. It seeks to generate current income by selling options on three major U.S. equity indexes: the S&P 500, the Nasdaq-100 and the Russell 2000.

The strategy centers on very short-dated index options, including those expiring the same trading day, to collect premium frequently, while holding high-quality collateral such as U.S. Treasury securities. Income from the option sales is distributed to shareholders, and the strategy's results depend on market moves relative to the strike prices of the options it sells.