Anyone familiar with ZWA on TSX

[viruscore1]

ZWA is an ETF follows DJIA with covered call, pays monthly dividend. Anything like this in USA?
https://www.bmo.com/assets/pdfs/gam/etf/a-mrfp/en/A_MRFP_ZWA_E.pdf

 

[guru]

ZWA is an ETF follows DJIA with covered call, pays monthly dividend. Anything like this in USA?
https://www.bmo.com/assets/pdfs/gam/etf/a-mrfp/en/A_MRFP_ZWA_E.pdf

https://www.etf.com/channels/covered-calls

 

[viruscore1]

ZWA YTD return is 11.9%

 

[jys78]

You could very easily do this on your own. Not sure you'd want to though - these types of strategy (covered call) may underperform over time by asymetrically limiting your upside. Cash covered short put will be mathematically identical with less frictional costs.

 

[viruscore1]

You could very easily do this on your own. Not sure you'd want to though - these types of strategy (covered call) may underperform over time by asymetrically limiting your upside. Cash covered short put will be mathematically identical with less frictional costs.

Thanks you're right