Peerless Option Income Wheel ETF

The Peerless Option Income Wheel Mutual Fund is a type of actively managed mutual fund with a focus on generating income through options trading. The fund primarily seeks to achieve its income objective by employing a strategy known as the 'wheel strategy,' which involves selling put options to acquire stock and subsequently selling call options on the acquired stock. This approach aims to create a steady stream of premium income while potentially benefiting from stock price appreciation. The Peerless Option Income Wheel Mutual Fund is particularly appealing to investors interested in income generation with an added layer of equity exposure. It impacts sectors and industries where the underlying equities are actively traded, thus providing diversification across various economic segments. Additionally, the fund plays a significant role in the financial market by offering an alternative investment strategy that capitalizes on the volatility of options markets, compared to traditional equity or fixed-income funds. Financial advisors and individual investors looking for structured income-generating strategies often consider this fund as part of their diversified portfolio.