REX AI Equity Premium Income ETF (AIPI) Covered Calls

The REX AI Equity Premium Income ETF is an actively managed fund designed to provide capital appreciation and high current income through a covered call strategy on AI-related equities. The fund invests in a concentrated basket of approximately 25 leading artificial intelligence companies and writes out-of-the-money call options to harvest the sector’s high implied volatility. It is intended for investors seeking thematic AI exposure with a focus on monthly distributions.

You can sell covered calls on REX AI Equity Premium 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 AIPI (prices last updated Fri 4:16 PM ET):

REX AI Equity Premium Income ETF (AIPI) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
36.51 +1.16 36.22 36.68 170K - 0.0
Covered Calls For REX AI Equity Premium Income ETF (AIPI)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 37 0.00 36.68 0.0% 0.0%
Mar 20 37 0.00 36.68 0.0% 0.0%
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Extended Business Description

REX AI Equity Premium Income ETF is a thematic derivative-income vehicle that seeks to deliver a combination of high-growth technology exposure and consistent cash flow. Unlike synthetic single-stock funds, AIPI holds a diversified portfolio of the "AI Leaders" and utilizes a disciplined buy-write strategy to convert the explosive volatility of the artificial intelligence sector into regular monthly income.

Core Strategy and Operations

  1. Diversified AI Portfolio: The fund typically invests in roughly 25 high-conviction AI companies across semiconductors, software, and hardware. Major holdings as of 2026 include NVIDIA, Palantir, CrowdStrike, and ARM Holdings. By owning the underlying shares directly, the fund aims to benefit from capital appreciation during sector rallies while generating income via the options overlay.
  2. Monthly Distribution Model: AIPI follows a monthly payout schedule, typically declaring distributions in the final week of each month. The yield is primarily generated by selling (writing) call options on its individual holdings. This strategy allows the fund to harvest the high "volatility risk premium" associated with AI stocks, although it may cap the upside potential of individual stocks if they exceed the strike price of the sold calls.
  3. Competitive Fee Structure: The fund operates with a gross expense ratio of 0.65%, making it one of the more cost-effective options in the derivative-income category compared to peers that often charge 1.00% or higher.

Competitive Landscape

AIPI is a direct competitor to the YieldMax AI & Tech Portfolio Option Income ETF and the REX FANG & Innovation Equity Premium Income ETF. It also competes for "tech-income" capital with broader indices like the Global X NASDAQ 100 Covered Call ETF and the NEOS Nasdaq-100 High Income ETF. For investors prioritizing single-stock concentration over a basket, it is often compared to the YieldMax NVDA Option Income Strategy ETF or the YieldMax PLTR Option Income Strategy ETF.

Strategic Outlook

In the 2026 market, AIPI is positioned as a "core" thematic holding for income-seeking investors. Management utilizes a semi-dynamic laddered approach to its option writing, aiming to balance current yield with the preservation of the fund’s Net Asset Value (NAV). By maintaining a lower expense ratio than many of its YieldMax counterparts and focusing on a basket of 25 stocks rather than synthetic single-stock exposure, AIPI seeks to offer a more stable path to AI-driven income. However, the fund remains fully exposed to the systemic risks of the technology sector and may underperform traditional AI ETFs during periods of extreme, uncapped market growth.