TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ)

The TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) is an actively managed exchange-traded fund from TappAlpha that combines exposure to large innovative growth companies with an options-based income strategy.

The fund seeks exposure to the stocks of the Nasdaq-100 Index, which is dominated by large technology and other non-financial growth companies, typically through ETFs or derivatives that track it. To generate income, it sells short-dated call options, including options that expire the same day, collecting premiums that are paid out to shareholders. Selling calls limits participation in sharp market rallies.

Its goal is to provide current income while retaining a meaningful portion of the growth potential of innovation-oriented large-cap stocks.