Amplify Bitcoin 2% Monthly Option Income ETF (BITY) Stock Price, Quote, News & History | Benzinga

The Fund seeks to participate in the price return of bitcoin (i.e. spot bitcoin prices) (Bitcoin Price) and to generate a high level of annualized option premium by selling options on exchange-traded products (Bitcoin ETPs) that reference the Bitcoin Price. As further described below, the Fund expects to sell call options that are approximately 5-10 percent out of the money with targeted maturities of one week or less. The Fund will seek to vary its option selling each week to a level sufficient to generate 24 percent annualized option premium (the Target Option Premium), based upon the NAV of the Fund each time the Fund sells the weekly options contracts.