First Trust Ultra Short Duration Municipal ETF (FUMB) 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 weighted average duration of the fund's portfolio is expected to be less than one year. The fund is non-diversified.
You can sell covered calls on First Trust Ultra Short Duration 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 FUMB (prices last updated Mon 4:16 PM ET):
| First Trust Ultra Short Duration Municipal ETF (FUMB) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap | 
| 20.07 | +0.02 | 20.03 | 20.08 | 33K | - | 0.0 | 
| Covered Calls For First Trust Ultra Short Duration Municipal ETF (FUMB) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat  | 
			Annualized Return If Flat  | 
		|
| Nov 21 | 20 | 0.00 | 20.08 | -0.4% | -7.7% | |
| Dec 19 | 20 | 0.00 | 20.08 | -0.4% | -3.1% | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT covered calls | 6. | INTC covered calls | 1. | SRPT covered calls | |
| 2. | KVUE covered calls | 7. | TLT covered calls | 2. | ENVX covered calls | |
| 3. | NVDA covered calls | 8. | ASST covered calls | 3. | UPST covered calls | |
| 4. | SLV covered calls | 9. | EEM covered calls | 4. | NVTS covered calls | |
| 5. | GLD covered calls | 10. | HYG covered calls | 5. | SOUN covered calls | |
Want more examples? FULT Covered Calls | FUN Covered Calls
