The fund collects the option premiums and distributes them to shareholders in the form of high yields. The downside is that layering a written call option on top of a position alters its return ...

A call option is a contract that guarantees its owner ... Covered calls are usually written by investors who are long on a stock (i.e., they own it and don’t plan to sell it in the near future ...

They sell call options on an index and earn a premium through it. The actively managed fund combines written call option exposure and equity exposure in a stock. The JPMorgan Equity Premium Income ...