Roundhill NVDA WeeklyPay ETF (NVDW) Covered Calls

The Roundhill NVDA WeeklyPay ETF is an actively managed fund that aims to provide weekly distributions and calendar week returns equal to 1.2 times (120%) the total return of NVIDIA Corporation common shares. Utilizing total return swaps and equity holdings, the fund seeks to amplify weekly performance while generating consistent cash flow. It is designed for investors seeking a blend of modest leverage and frequent income from the global leader in AI and semiconductor technology.

You can sell covered calls on Roundhill NVDA WeeklyPay 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 NVDW (prices last updated Fri 4:16 PM ET):

Roundhill NVDA WeeklyPay ETF (NVDW) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
39.60 +3.44 38.47 40.00 143K - 0.0
Covered Calls For Roundhill NVDA WeeklyPay ETF (NVDW)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 40 0.40 39.60 1.0% 24.3%
Mar 20 40 0.35 39.65 0.9% 7.6%
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

Extended Business Description

Roundhill NVDA WeeklyPay ETF (NVDW) is a specialized hybrid investment vehicle designed for investors who want to amplify their participation in NVIDIA’s price action while receiving high-frequency cash flow. Originally launched under the ticker NVW, the fund provides a unique "leveraged-lite" exposure paired with a signature weekly distribution schedule.

Core Strategy and Operations

  1. 1.2x Weekly Performance Target: The fund seeks to provide investment results, before fees and expenses, that correspond to 120% of the calendar week total return of NVIDIA. This approach allows for more upside participation than traditional covered call funds—which often cap gains—while carrying lower "volatility decay" risk than 2x or 3x daily reset products.
  2. Synthetic and Physical Exposure: NVDW achieves its target through a combination of direct stock ownership and total return swap agreements. This structure allows the fund to maintain its 1.2x exposure efficiently. Collateral for these derivatives is typically held in short-term U.S. Treasuries, which also generate interest income that contributes to the fund’s weekly payout pool.
  3. Weekly Distribution Schedule: As part of the "WeeklyPay" suite, the fund aims to declare and pay distributions to shareholders every single week. As of 2026, this frequency is a primary draw for liquidity-focused investors. However, investors should be aware that if NVIDIA performs poorly during a specific week, a portion of the distribution may be classified as Return of Capital (ROC).

Competitive Landscape

NVDW competes directly with the YieldMax NVDA Option Income Strategy ETF, though NVDW typically offers more upside potential due to its 1.2x leverage rather than a capped synthetic call strategy. For traders seeking pure 2x or 3x bullish leverage without an income focus, the Direxion Daily NVDA Bull 2X Shares and the Leverage Shares 3X Long NVIDIA ETP are the primary alternatives. It sits alongside other Roundhill weekly products such as the Roundhill AMZN WeeklyPay ETF and the Roundhill TSLA WeeklyPay ETF.

Strategic Outlook and Innovation

Managed by Roundhill Financial, the fund carries a gross expense ratio of 0.99% as of 2026. NVDW is positioned for "total return" investors who believe NVIDIA’s dominance in the AI data center and semiconductor markets will drive steady weekly gains. The fund’s 1.2x leverage provides a "booster" for these gains, though it also magnifies losses; an 83% drop in NVIDIA in a single week could theoretically wipe out the fund’s value. It is best suited for experienced investors who value weekly liquidity and a slightly more aggressive posture than standard equity income funds without the extreme decay of daily 2x/3x funds.