First Trust Short Duration Managed Municipal ETF (FSMB) Covered Calls
The investment seeks to provide federally tax-exempt income consistent with capital preservation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities. The fund is non-diversified.
You can sell covered calls on First Trust Short Duration Managed Municipal 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 FSMB (prices last updated Tue 4:16 PM ET):
First Trust Short Duration Managed Municipal ETF (FSMB) Stock Quote | ||||||
---|---|---|---|---|---|---|
Last | Change | Bid | Ask | Volume | P/E | Market Cap |
19.60 | -0.02 | 18.54 | 20.72 | 73K | - | 0.0 |
Covered Calls For First Trust Short Duration Managed Municipal ETF (FSMB) | ||||||
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Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
May 16 | 20 | 0.00 | 20.72 | -3.5% | -51.1% | |
Jun 20 | 20 | 0.00 | 20.72 | -3.5% | -21.3% | |
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Want more examples? FSM Covered Calls | FSMD Covered Calls