Recon Capital Advisors launch NASDAQ 100 Covered Call ETF

Newcomer Recon Capital Advisors launch the Recon Capital NASDAQ 100 Covered Call ETF seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE NASDAQ-100® BuyWrite Index.

The Index measures the potential returns of a theoretical portfolio including the NASDAQ-100 Index stocks on which NASDAQ-100 Index call options are systematically written (sold) against the portfolio through a buy-write strategy. A buy-write, also called a covered call, generally is considered to be an investment strategy in which an investor buys a stock or basket of stocks, and also sells call options that correspond to the stock or basket of stocks.