Roundhill Magnificent Seven Covered Call ETF (MAGY) Covered Calls

Running MAGY covered calls helps you generate income from Roundhill Magnificent Seven Covered Call 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 MAGY 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 MAGY 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 MAGY 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 MAGY covered call is worth writing.

The Roundhill Magnificent Seven Covered Call ETF (“MAGY”) implements a covered call strategy on the “Magnificent Seven” stocks. The Fund offers exposure to the Magnificent Seven, subject to a cap, while providing the potential for current income. MAGY is an actively-managed ETF.