WisdomTree U.S. SmallCap Fund (EES) Covered Calls
The WisdomTree U.S. SmallCap Fund (EES) is a fundamentally weighted ETF that tracks the WisdomTree U.S. SmallCap Index. The fund selects and weights small-cap companies based on their earnings generation, focusing on profitable firms within the U.S. small-cap equity universe.
You can sell covered calls on WisdomTree U.S. SmallCap Fund 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 EES (prices last updated Fri 4:16 PM ET):
| WisdomTree U.S. SmallCap Fund (EES) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 57.13 | -0.93 | 56.95 | 85.69 | 11K | - | 0.7 |
| Covered Calls For WisdomTree U.S. SmallCap Fund (EES) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 57 | 0.40 | 85.29 | -33.2% | -550.8% | |
| May 15 | 57 | 0.40 | 85.29 | -33.2% | -242.4% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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The WisdomTree U.S. SmallCap Fund (EES) utilizes a "smart beta" approach to the small-cap market. By screening for companies with positive earnings and weighting them accordingly, it seeks to filter out speculative, "zombie" companies often found in market-cap-weighted small-cap indices. This focus on profitability aims to provide a more stable, quality-oriented small-cap equity experience.
Important Note on Options: EES is functionally non-optionable. While exchange-listed options may technically appear in data feeds, the market is characterized by near-zero volume and extreme bid-ask spreads. Any attempt to use this ticker for options strategies—such as covered calls or protective puts—will result in immediate and significant loss of capital due to slippage. This fund should be treated strictly as a buy-and-hold equity position.
Competitive Landscape
Investors seeking liquid, optionable alternatives to express a view on small-cap equities or to hedge regional/market-cap risk should utilize these industry-standard benchmarks:
- iShares Russell 2000 ETF (IWM): The gold standard for small-cap liquidity; it is the most widely traded, optionable vehicle for small-cap equity exposure.
- iShares Core S&P Small-Cap ETF (IJR): A highly liquid, optionable core holding for small-cap market-cap-weighted exposure.
- Vanguard Russell 2000 ETF (VTWO): Another liquid, optionable alternative for broad-based small-cap equity participation.
Strategic Outlook
EES’s outlook is driven by the performance of the U.S. domestic economy and the ability of smaller, profitable firms to navigate interest rate cycles and margin pressure. It performs best in environments where fundamental earnings quality is rewarded over pure growth-at-any-cost momentum. It is best used as a strategic, long-term component of a diversified portfolio.
| 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. | BW covered calls | |
| 3. | NVDA covered calls | 8. | HYG covered calls | 3. | PTON covered calls | |
| 4. | KWEB covered calls | 9. | EWZ covered calls | 4. | USO covered calls | |
| 5. | SPY covered calls | 10. | TLT covered calls | 5. | WULF covered calls | |
Want more examples? EEMX Covered Calls | EET 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.
