State Street SPDR S&P Kensho Future Security ETF (FITE) Covered Calls

Running FITE covered calls helps you generate income from State Street SPDR S&P Kensho Future Security ETF shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best FITE covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If FITE stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling FITE covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given FITE covered call is worth writing.

The State Street SPDR S&P Kensho Future Security ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index (the "Index")Seeks to track an index that is designed to capture companies whose products and services are driving innovation behind future security, which includes the areas of cyber security, advanced border security, and the following areas for military application: robotics, drones and drone technologies, space technology, wearable technologies and virtual or augmented reality activitiesMay provide an effective way to invest in a portfolio of companies involved in the future of warfare and a nation's security