VanEck Gaming ETF (BJK) Covered Calls
The VanEck Gaming ETF is an exchange-traded fund that tracks the MVIS Global Gaming Index. It provides targeted exposure to the global gaming industry, including companies involved in casinos and casino hotels, sports betting, lottery services, and gaming technology. The fund selects constituents that derive at least 50% of their revenues from gaming, offering a diversified play on the worldwide expansion of legal gambling, digital betting platforms, and luxury resort operations.
You can sell covered calls on VanEck Gaming 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 BJK (prices last updated Tue 4:16 PM ET):
| VanEck Gaming ETF (BJK) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 34.54 | +0.95 | 33.25 | 47.50 | 1K | - | 0.0 |
| Covered Calls For VanEck Gaming ETF (BJK) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 35 | 0.00 | 47.50 | -26.3% | -533.3% | |
| May 15 | 35 | 0.00 | 47.50 | -26.3% | -208.7% | |
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The VanEck Gaming ETF (BJK) is a specialized thematic fund that offers investors a comprehensive gateway into the multi-billion-dollar global gaming and hospitality industry. Launched in 2008, BJK was the first ETF to focus exclusively on this sector. It tracks the MVIS Global Gaming Index, a modified market-cap-weighted benchmark that includes companies that generate the majority of their revenue from gaming-related activities. This "pure-play" requirement ensures that the fund remains a true reflection of the industry’s health rather than being diluted by broader travel or leisure conglomerates.
Core Business and Products
The fund’s portfolio spans a diverse range of sub-industries within the gaming space. This includes physical casino operators and integrated resorts, digital sports betting and iGaming platforms, lottery service providers, and manufacturers of gaming equipment like slot machines and electronic table games. In 2026, the fund has seen increased weighting toward companies facilitating the convergence of physical and digital betting. Key holdings typically include industry giants such as VICI Properties (a massive gaming REIT), Flutter Entertainment (owner of FanDuel), Las Vegas Sands, DraftKings, and Aristocrat Leisure. Geographically, the fund provides exposure to the dominant U.S. market as well as key international hubs like Macau and Singapore.
Competitive Landscape
BJK operates in a competitive environment where it faces pressure from both broader leisure ETFs and newer, more specialized digital betting funds. Its primary differentiator is its global reach and inclusion of physical casino infrastructure. Key competitors that trade on major exchanges and feature active options markets include:
- Roundhill Sports Betting & iGaming ETF: A direct competitor that focuses more narrowly on the high-growth digital betting and online casino sector, often excluding traditional brick-and-mortar hotel operators.
- Invesco Leisure and Entertainment ETF: Provides broader exposure to the travel and entertainment industry, including restaurants and theme parks alongside gaming companies.
- VICI Properties Inc.: Often a top holding in BJK, this REIT is a competitor for investors seeking yield-focused exposure to the underlying real estate of major casinos.
- DraftKings Inc.: As a major individual stock, it competes for the capital of investors looking for a high-beta, pure-play wager on the U.S. sports betting boom.
- MGM Resorts International: A key peer representing the integrated resort model, competing for the same institutional and retail investment focused on the recovery of global tourism and hospitality.
Strategic Outlook and Innovation
The strategic future of BJK is closely tied to the global liberalization of gambling laws and the technological modernization of the gaming floor. As of March 2026, the fund is positioned to benefit from the continued maturation of the U.S. sports betting market and the post-pandemic stabilization of Macau. A major area of innovation for companies within the index is the integration of "Cashless Gaming" and AI-driven player loyalty programs, which enhance operational efficiency and provide deeper data insights into resident and visitor behavior.
Furthermore, the rise of "Gamble-tainment"—the blending of traditional gaming with live entertainment, professional sports, and digital media—is reshaping the revenue profiles of the fund’s constituents. VanEck’s management focuses on the index’s quarterly rebalancing to capture these shifts, rotating capital toward firms that successfully bridge the gap between legacy operations and the mobile-first future. While the sector is subject to high regulatory oversight and cyclical consumer spending, BJK provides a liquid, diversified vehicle for those betting on the long-term institutionalization and technological advancement of global gaming.
| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV covered calls | 6. | QQQ covered calls | 1. | REPL covered calls | |
| 2. | EEM covered calls | 7. | GLD covered calls | 2. | TLRY covered calls | |
| 3. | NVDA covered calls | 8. | TLT covered calls | 3. | NKE covered calls | |
| 4. | KWEB covered calls | 9. | HYG covered calls | 4. | RCAT covered calls | |
| 5. | SPY covered calls | 10. | EWZ covered calls | 5. | CMPX covered calls | |
Want more examples? BJ Covered Calls | BJRI 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.
