ULTIREX Shares
Oct 23, 2026 · $15.1M net assets
Covered call on a real equity sleeve
Owns the stocks and writes calls against them.
Call coverage
100.0%
of the equity sleeve has a call written on it
Wtd moneyness
1.20%
written in the money — upside sold
Wtd DTE
0.0d
daily cycle
Upside room
+2.3%
to the average written strike
Capped
3/11
names already above their strike
Collateral
48.5%
cash + Treasuries
What backs the fund
Equity 51.4%Cash 48.6%Long options 1.8%Short options -1.81%
Notional written: calls 51.0% of NAV · puts 12.9% of NAV
The book
20 underlyings · 54 contracts collapsed to one row each| Name | % NAV | Shares | Spot | Strike | DTE | Room | Cov | Long legs | Flow |
|---|---|---|---|---|---|---|---|---|---|
| SNDK | 5.02% | 600 | 1,260.93 | 1,325.00 | 0d | +5.1% | 100% | P1225 C1425 | GEX ↗ |
| HIMS | 4.95% | 25,600 | 29.13 | 28.00 | 0d | -3.9% | 100% | C30.5 P25.5 | GEX ↗ |
| IOVA | 4.86% | 51,800 | 14.14 | 13.50 | 0d | -4.5% | 100% | P12 C15 | GEX ↗ |
| XP | 4.73% | 24,300 | 29.35 | 29.00 | 0d | -1.2% | 100% | C31.5 P26.5 | GEX ↗ |
| COIN | 4.71% | 4,200 | 169.09 | 172.50 | 0d | +2.0% | 100% | P160 C185 | GEX ↗ |
| TEM | 4.70% | 11,100 | ⚠ | 64.00 | 0d | — | 100% | P58 C70 | GEX ↗ |
| RDDT | 4.68% | 4,700 | 150.26 | 155.00 | 0d | +3.1% | 100% | P143 C167.5 | GEX ↗ |
| HOOD | 4.68% | 7,300 | 96.58 | 99.00 | 0d | +2.5% | 100% | P92 C106 | GEX ↗ |
| INTC | 4.48% | 7,900 | 85.49 | 90.00 | 0d | +5.3% | 100% | P84 C96 | GEX ↗ |
| GME | 4.45% | 26,400 | 25.39 | 27.00 | 0d | +6.3% | 100% | P24.5 C29.5 | GEX ↗ |
| NVAX | 4.21% | 63,500 | 9.99 | 11.00 | 0d | +10.1% | 100% | P10 C12 | GEX ↗ |
| ASST | no shares | — | 28.95 | — | — | — | — | C26.5 P21.5 | GEX ↗ |
| FIG | no shares | — | 24.63 | — | — | — | — | C23 P20 | GEX ↗ |
| MSTR | no shares | — | 146.04 | — | — | — | — | C147 P125 | GEX ↗ |
| MRNA | no shares | — | 200.05 | — | — | — | — | P192.5 C237.5 | GEX ↗ |
| ZETA | no shares | — | 34.00 | — | — | — | — | C34 P30 | GEX ↗ |
| CRCL | no shares | — | 85.90 | — | — | — | — | C89 P75 | GEX ↗ |
| CLF | no shares | — | 13.90 | — | — | — | — | C13.5 P10.5 | GEX ↗ |
| BMNR | no shares | — | 22.39 | — | — | — | — | C23.5 P19.5 | GEX ↗ |
| TTD | no shares | — | 13.01 | — | — | — | — | C13.5 P11.5 | GEX ↗ |
Room is (strike − spot) / spot — how far the stock can still run before the written call caps it. That's the holder's number. It is not the same as moneyness, which the fund quotes against the strike.
Cov is the share of the position covered by written calls, capped at 100%. A ⚠ in the spot column means the fund's own mark and our quote feed disagree by more than 5%, so we suppress the derived numbers rather than show them wrong.
ULTI's SNDK $1325 call is 5.1% above spot.Check whether the options flow agrees before you write the same strike.See SNDK at $1325 →