Premium Income

premium · 8/6/2026 12:52 AM CT · inside its mandate
NAV / unit
100.0020
Return
+0.00%
Value
$100,002.04
Cash
10.0%
Positions
10
Max drawdown
+0.00%
Today, pass by pass
8/6/2026 12:52 AM CT
NAV per unit, daily
Exposure
90% long · 0% short · 10% cash · net +90%

What this fund believes

Thesis
Equity returns are volatile and uncertain; option premium is smaller but arrives on a schedule. Hold quality names and systematically sell calls against them.
Lineage
The covered-call and buy-write literature; CBOE BXM index.
The regime that kills it
Strong bull markets. Every call written caps the upside on the name that ran, so the strategy structurally underperforms a rally.

How it decides

Decision inputs
quality scoring for the shares; option chains for the calls
Cadence
Reconsiders every 30 days; holds 10 positions at target; refused buys fall through to the next-ranked name.
Universe
the shared 52-stock universe

Its mandate versus the base mandate

LimitThis fundBase mandate
maxSingleEquityPct12.07.0 tuned
maxSingleEtfPct5.05.0
maxSectorPct35.035.0
cashMinPct10.010.0
cashMaxPct30.020.0 tuned
minPositions015 tuned
maxPositions3030
maxNonUsPct10.010.0
allowShortingTrueTrue
maxSingleShortPct4.04.0
maxGrossShortPct40.040.0
shortCollateralCoverage1.01.0
allowLeverageFalseFalse

Current holdings, and why each is held

TickerClass / sector WeightLastP&L Rationale recorded at entry
MAConsumer Discretionary9.03%573.00+0.39%Premium Income: ranked 5 of 52 on Premium Income (score 84.3)
KOConsumer Staples9.00%86.90+0.03%Premium Income: ranked 3 of 52 on Premium Income (score 94.5)
VConsumer Discretionary9.00%368.79+0.02%Premium Income: ranked 4 of 52 on Premium Income (score 87.4)
XOMEnergy9.00%151.75+0.03%Premium Income: ranked 7 of 52 on Premium Income (score 81.2)
JPMFinance9.00%359.53+0.03%Premium Income: ranked 10 of 52 on Premium Income (score 78.0)
CVXEnergy9.00%186.51+0.00%Premium Income: ranked 9 of 52 on Premium Income (score 79.6)
SOUtilities8.99%93.10-0.05%Premium Income: ranked 2 of 52 on Premium Income (score 97.6)
DUKUtilities8.99%123.34-0.05%Premium Income: ranked 8 of 52 on Premium Income (score 80.0)
JNJHealth Care8.99%257.37-0.14%Premium Income: ranked 1 of 52 on Premium Income (score 97.6)
VZTelecommunications8.98%46.38-0.24%Premium Income: ranked 6 of 52 on Premium Income (score 81.2)

Recent trades

IDDateAction TickerNotionalRationale
T-00102026-08-05ENTRYJPM$8,996.36Premium Income: ranked 10 of 52 on Premium Income (score 78.0)
T-00092026-08-05ENTRYCVX$8,996.76Premium Income: ranked 9 of 52 on Premium Income (score 79.6)
T-00082026-08-05ENTRYDUK$8,997.17Premium Income: ranked 8 of 52 on Premium Income (score 80.0)
T-00072026-08-05ENTRYXOM$8,997.57Premium Income: ranked 7 of 52 on Premium Income (score 81.2)
T-00062026-08-05ENTRYVZ$8,997.98Premium Income: ranked 6 of 52 on Premium Income (score 81.2)
T-00052026-08-05ENTRYMA$8,998.38Premium Income: ranked 5 of 52 on Premium Income (score 84.3)
T-00042026-08-05ENTRYV$8,998.79Premium Income: ranked 4 of 52 on Premium Income (score 87.4)
T-00032026-08-05ENTRYKO$8,999.19Premium Income: ranked 3 of 52 on Premium Income (score 94.5)
T-00022026-08-05ENTRYSO$8,999.60Premium Income: ranked 2 of 52 on Premium Income (score 97.6)
T-00012026-08-05ENTRYJNJ$9,000.00Premium Income: ranked 1 of 52 on Premium Income (score 97.6)