Acquirers Small and Micro Deep Value ETF (DEEP) Covered Calls

Running DEEP covered calls helps you generate income from Acquirers Small and Micro Deep Value 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 DEEP 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 DEEP 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 DEEP 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 DEEP covered call is worth writing.

The Acquirers Small and Micro Deep Value ETF (DEEP) aims to invest in deeply undervalued small and micro cap stocks. DEEP seeks to track the Acquirers Deep Value Index, an index of 100 small cap domestic companies identified using the Acquirers Multiple.