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GPIQ ETF uses covered calls on Nasdaq-100 to boost income with limited market downside.

Market News
23 Oct 2026
Seeking Alpha
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Neutral
GPIQ ETF uses covered calls on Nasdaq-100 to boost income with limited market downside.

The GPIQ ETF replicates the Nasdaq-100 index while selling covered calls on 25%-75% of its QQQ exposure to generate monthly income. Despite offering a yield above 10%, most of its distributions come from portfolio gains rather than dividends. With a low expense ratio of 0.29%, GPIQ competes well against peers and has delivered returns close to a mix of 85% QQQ and 15% T-Bills since launch. This suggests its active options strategy adds value without significantly sacrificing market upside potential.

The GPIQ ETF and its strategy are the subject here, with Pluang's market data providing context. For readers following US stocks, here is Pluang's market snapshot as of Oct 23, 2026 19:11 WIB: out of 150 priced US stocks, 38 rose and 109 fell. Notable movers include AT&T Inc. (T) at USD 21.60 with a 1-day change of -5.01%, Moderna, Inc. (MRNA) at USD 193.65 down 4.43%, and Verizon Communications Inc (VZ) at USD 43.26 down 4.29%.

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