WisdomTree U.S. MidCap Fund (EZM) Covered Calls
The WisdomTree U.S. MidCap Fund (EZM) is a fundamentally weighted ETF that selects and weights mid-cap companies based on their earnings generation. It seeks to provide broad exposure to the mid-cap segment of the U.S. stock market by focusing on companies that are profitable, rather than relying solely on market capitalization.
You can sell covered calls on WisdomTree U.S. MidCap 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 EZM (prices last updated Tue 10:10 AM ET):
| WisdomTree U.S. MidCap Fund (EZM) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 67.73 | +1.06 | 67.55 | 67.77 | 2K | - | 0.8 |
| Covered Calls For WisdomTree U.S. MidCap Fund (EZM) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 68 | 0.00 | 67.77 | 0.0% | 0.0% | |
| Apr 17 | 68 | 0.45 | 67.32 | 0.7% | 8.0% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
Want to make money with covered calls? Sign Up For A Free Trial
The WisdomTree U.S. MidCap Fund (EZM) offers a "smart beta" approach to the mid-cap space. By screening for companies with positive earnings and weighting them accordingly, the fund aims to filter out speculative or distressed firms, providing a more stable, quality-oriented mid-cap portfolio. Its largest sector exposures are typically found in Industrials, Financials, and Consumer Discretionary.
Important Note on Options: While EZM technically has a listed options chain, it is functionally non-optionable. With near-zero volume and open interest, any attempt to trade options on this ticker will result in prohibitive slippage and execution failure. This fund should be utilized strictly for long-term equity exposure, not for derivative-based income or hedging strategies.
Competitive Landscape
For investors seeking mid-cap exposure with the liquidity required to execute options-based strategies, the following alternatives are the industry standards:
- iShares Russell 2000 ETF (IWM): While it represents small-caps, it is the most liquid options market for the small/mid-cap space.
- SPDR S&P MidCap 400 ETF Trust (MDY): The primary, highly liquid, and optionable benchmark for U.S. mid-cap equities.
- iShares Core S&P Mid-Cap ETF (IJH): Another deeply liquid, optionable alternative that serves as a core holding for mid-cap equity investors.
Strategic Outlook
EZM’s outlook is driven by the earnings growth and valuation multiples of U.S. mid-sized companies. It performs best in environments where "value" and fundamental profitability are rewarded over high-growth momentum. Investors use it to capture the unique risk-return profile of mid-caps, which often exhibit higher growth potential than large-caps but more stability than small-caps. As a long-term holding, it provides a disciplined way to gain exposure to the U.S. domestic economy.
| Top 10 Open Interest For Mar 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA covered calls | 6. | QQQ covered calls | 1. | PL covered calls | |
| 2. | SLV covered calls | 7. | TSLA covered calls | 2. | RCAT covered calls | |
| 3. | SPY covered calls | 8. | SOFI covered calls | 3. | FLY covered calls | |
| 4. | EEM covered calls | 9. | EWZ covered calls | 4. | SLS covered calls | |
| 5. | IBIT covered calls | 10. | FXI covered calls | 5. | LUNR covered calls | |
Want more examples? EZJ Covered Calls | EZPW 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.
