Amplify Bitcoin 2% Monthly Option Income ETF (BITY) Covered Calls
The Amplify Bitcoin 2% Monthly Option Income ETF targets high income and capital appreciation through a synthetic covered call strategy on Bitcoin. By selling weekly out-of-the-money options, the fund seeks a 2% monthly (24% annualized) premium. BITY provides a regulated way to monetize crypto volatility while maintaining Bitcoin price exposure, making it a key yield-generation tool for digital asset investors in 2026.
You can sell covered calls on Amplify Bitcoin 2% Monthly Option Income ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for BITY (prices last updated Tue 4:16 PM ET):
| Amplify Bitcoin 2% Monthly Option Income ETF (BITY) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 31.20 | +0.48 | 23.40 | 39.00 | 5K | - | 0.0 |
| Covered Calls For Amplify Bitcoin 2% Monthly Option Income ETF (BITY) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 31 | 0.00 | 39.00 | -20.5% | -680.2% | |
| Apr 17 | 31 | 0.05 | 38.95 | -20.4% | -190.9% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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Amplify Bitcoin 2% Monthly Option Income ETF is an actively managed fund designed to transform Bitcoin’s high volatility into consistent monthly cash flow. Using a synthetic "buy-write" strategy, BITY aims to provide investors with a targeted 2% monthly distribution (24% annualized) while participating in the potential price appreciation of the underlying digital asset.
Core Strategy and Operations
- Weekly Option Writing: Unlike many monthly-reset funds, BITY writes (sells) weekly out-of-the-money call options. This increased frequency allows the fund to capture volatility premiums more efficiently and adjust strike prices rapidly in response to Bitcoin’s price swings.
- Synthetic Exposure: The fund gains its Bitcoin price exposure through derivatives—typically a combination of long call options and short put options on spot Bitcoin ETPs like the iShares Bitcoin Trust. This replicates the performance of the asset without direct custody requirements.
- Income & Collateral: Distributions are paid monthly and are primarily derived from option premiums and interest on its collateral, which consists of short-term U.S. Treasuries and cash equivalents.
Competitive Landscape
BITY is a leader in the crypto-income space, competing with high-yield products like the YieldMax COIN Option Income ETF and the YieldMax MSTR Option Income ETF. It is often paired with its more aggressive sibling, the Amplify Bitcoin Max Income ETF, which targets even higher premiums. For non-income exposure, investors look to spot products like the Bitwise Bitcoin ETF or the Fidelity Wise Origin Bitcoin Fund.
Strategic Outlook and Innovation
In 2026, BITY remains a primary choice for yield-hungry investors due to its competitive 0.65% expense ratio and its "Dynamic Strike Selection" methodology. This active management approach is designed to balance the 2% monthly payout with enough "upside cap" flexibility to ensure investors aren’t completely left behind during Bitcoin bull runs. As the 2026 digital asset market matures, BITY is increasingly used by financial advisors as a "core" income satellite within diversified portfolios, providing a regulated bridge between the high-growth crypto sector and traditional income needs.
| Top 10 Open Interest For Mar 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA covered calls | 6. | QQQ covered calls | 1. | CTMX covered calls | |
| 2. | SLV covered calls | 7. | EWZ covered calls | 2. | PATH covered calls | |
| 3. | EEM covered calls | 8. | FXI covered calls | 3. | USO covered calls | |
| 4. | SPY covered calls | 9. | GLD covered calls | 4. | FLY covered calls | |
| 5. | IBIT covered calls | 10. | KWEB covered calls | 5. | ONDS covered calls | |
Want more examples? BITX Covered Calls | BIV Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
