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New ETF TMGN offers AI mega-cap stocks with monthly income via daily options strategy

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17 Jul 2026
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TappAlpha launched the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), combining ten major US tech and growth stocks with a daily covered-call options strategy to generate monthly income. The fund includes big names like NVIDIA, Microsoft, Apple, and Tesla, and charges a 0.88% management fee. It aims to provide steady income but caps upside gains due to the options overlay, making it suitable for investors seeking AI exposure with income. Risks include no track record, concentration in semiconductors, and potential lag in strong bull markets. Future performance and asset growth will be key to watch.

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