MAGY ETF offers a lower-cost, hands-off way to sell covered calls on Magnificent Seven stocks.

The Roundhill Magnificent Seven Covered Call ETF (MAGY) provides investors a simpler, more affordable way to engage in covered call strategies on the popular Magnificent Seven stocks by packaging them into a single ETF priced around $65 per share. MAGY actively manages the covered call options, selecting strike prices and expirations, and distributes income weekly with a yield of 25.7% as of June 2026. While MAGY charges a higher fee of 0.99% compared to the underlying MAGS ETF's 0.30%, it offers convenience for investors who prefer a hands-off approach. Investors should note that the income comes from selling upside potential, meaning MAGY may underperform in strong rallies but works well in flat or moderately volatile markets.