State Street SPDR S&P Emerging Asia Pacific ETF (GMF) Covered Calls
The SPDR S&P Emerging Asia Pacific ETF (GMF) is a passively managed exchange-traded fund that tracks the S&P Emerging Asia Pacific BMI Index. The fund provides broad equity exposure to emerging-market countries in the Asia-Pacific region, including China, Taiwan, South Korea, and others, capturing the performance of both large- and mid-cap companies.
You can sell covered calls on State Street SPDR S&P Emerging Asia Pacific 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 GMF (prices last updated Fri 9:50 AM ET):
| State Street SPDR S&P Emerging Asia Pacific ETF (GMF) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 138.25 | +124.42 | 136.57 | 136.83 | 0K | - | 0.7 |
| Covered Calls For State Street SPDR S&P Emerging Asia Pacific ETF (GMF) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 138 | 0.05 | 136.78 | 0.0% | 0.0% | |
| May 15 | 138 | 1.00 | 135.83 | 0.7% | 4.5% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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The SPDR S&P Emerging Asia Pacific ETF (GMF) offers a diversified approach to the high-growth economies of emerging Asia. By including a wide array of sectors—most notably Technology, Financials, and Consumer Discretionary—the fund acts as a proxy for the industrialization and urbanization trends within the region. Its weighting methodology is designed to reflect the investable opportunity set in these developing markets.
Important Note on Options: GMF is functionally non-optionable. Although exchange-listed options may appear in data feeds, the market is a "zombie" with zero-to-negligible volume and open interest. Any attempt to use this ticker for covered calls, protective puts, or other derivative strategies will result in immediate, significant capital loss due to prohibitive bid-ask spreads. This fund should be utilized strictly for long-term equity allocation.
Competitive Landscape
Investors seeking liquid, optionable alternatives to express a view on emerging markets or to hedge regional Asian exposure should utilize the following industry-standard, high-liquidity benchmarks:
- iShares MSCI Emerging Markets ETF (EEM):* The global standard for emerging market options liquidity; it is the most efficient vehicle for broad EM hedging.
- Vanguard Emerging Markets Stock Index Fund ETF (VWO): A massive, highly liquid, and optionable alternative for broad emerging market exposure.
- Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR): For traders specifically targeting the Chinese market, this provides superior options liquidity compared to broader, fragmented regional ETFs like GMF.
Strategic Outlook
GMF’s outlook is driven by regional geopolitical stability, domestic economic growth rates in emerging Asian nations, and the strength of global trade demand. It serves as a long-term strategic satellite for investors looking to capture the "Asian Century" narrative. It is not intended for tactical derivative management, but rather as a passive, long-term component of a globally diversified portfolio.
| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV covered calls | 6. | SPY covered calls | 1. | NVCR covered calls | |
| 2. | EEM covered calls | 7. | QQQ covered calls | 2. | VG covered calls | |
| 3. | NVDA covered calls | 8. | HYG covered calls | 3. | BCRX covered calls | |
| 4. | KWEB covered calls | 9. | EWZ covered calls | 4. | PL covered calls | |
| 5. | GLD covered calls | 10. | XLE covered calls | 5. | SMR covered calls | |
Want more examples? GMED Covered Calls | GNE 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.
