Apple Soared 15% in July, but GPIQ Holders Lost 6%: The Hidden Options Tax on Covered-Call ETFs
· finance.yahoo.com
Apple just posted its strongest June quarter ever and surged double digits, yet one popular income ETF built around Nasdaq-100 giants moved in the opposite direction. Understanding why reveals a hidden cost that never appears on the fund's expense-ratio line.
Quick Read
GPIQ dropped 6% in July while Apple surged 15%, as the covered-call overlay handed the rally directly to option buyers instead of shareholders.
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