What’s Behind Tuttle Capital’s 21 New Option Income ETFs
A newcomer to the income ETF market is offering products with a taste of everything ranging from crypto to single stocks to thematics.
And that’s not all, said CEO Matthew Tuttle, whose firm is behind 21 new ETFs in registration. The funds would differ substantially from the popular option income products currently available that use covered calls for their income components. Instead, the new products would use put spreads and would not have caps on their upsides, Tuttle said.“I’m trading options all day every day for my personal account,” he said. “I don’t like covered calls. I don’t like them because you’re sacrificing your upside. And when you put them on a volatile [stock] name, you’re not really protecting much…
