TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN)

The TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF is a fund from TappAlpha that combines exposure to ten of the largest U.S. growth and technology companies with an options-based income strategy.

The fund's equity exposure is linked to a Cboe index of these mega-cap stocks, while it sells short-dated options to generate premium income that is intended to support frequent distributions. Selling options in this way can limit some of the upside from strong market rallies. TappAlpha is an ETF issuer focused on options income strategies.