Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF (QDTE)

Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF is trading at $27.60, up 0.25% on the session. The 50 day average sits at $29.04 and the 200 day at $29.75, which puts the stock in a downtrend. RSI is at 37, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $28.09 with resistance near $28.97, so that band frames the current range. Average daily movement is roughly $0.40, or about 1.5% of the share price, which is what any stop placement has to allow for. The overall health score of 42 out of 100 combines a trend score of 23, momentum of 35 and a risk score of 84.

The fund seeks to achieve its investment objectives using a “covered call” strategy that provides current income from option premiums on a weekly basis, while also providing exposure to the price return of the Nasdaq-100 Index. In effectuating its investment strategy, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that provide exposure to the returns of the Nasdaq-100 Index. The fund is non-diversified.