Funds that sell options for income. Their stock book churns by design — it's collateral for the overlay, not conviction — so none of the conviction scoring on the Stock Pickers side applies here. The option book is the story.
Sep 10, 2026 · 36 funds · 6 distinct structures
P/C Ratio0.45These funds get lumped together because they all pay a big distribution, but structurally they have almost nothing in common. One owns 27 stocks and writes calls on them. Another owns no shares at all — just Treasuries and an options structure. A third writes contracts that expire before the day ends, so they never show up in a holdings file. Grouped by what they actually are:
Owns the stocks and writes calls against them.
Owns Treasuries plus an options structure that replicates the underlying. Nothing here is a stock position.
Long-dated index calls provide the exposure. The income leg is written and expires the same session, so it never appears in an end-of-day holdings file.
Income leg not visible in holdings data — contracts are written and expire in the same session, so no end-of-day file ever contains one. We can show what this fund owns, not what it sold.
Income leg not visible in holdings data — contracts are written and expire in the same session, so no end-of-day file ever contains one. We can show what this fund owns, not what it sold.
Income leg not visible in holdings data — contracts are written and expire in the same session, so no end-of-day file ever contains one. We can show what this fund owns, not what it sold.
Income leg not visible in holdings data — contracts are written and expire in the same session, so no end-of-day file ever contains one. We can show what this fund owns, not what it sold.
Holds short stock positions — every sign in the book inverts.
Exposure comes from a swap contract, not options or shares.
Not enough of a book in the latest snapshot to classify.