First Trust Short Duration Managed Municipal ETF (FSMB) Covered Calls

The investment seeks to provide federally tax-exempt income consistent with capital preservation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities. The fund is non-diversified.

You can sell covered calls on First Trust Short Duration Managed Municipal ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for FSMB (prices last updated Fri 4:16 PM ET):

First Trust Short Duration Managed Municipal ETF (FSMB) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
19.92 -0.02 14.96 24.92 122K - 0.0
Covered Calls For First Trust Short Duration Managed Municipal ETF (FSMB)
Expiration Strike Call Bid Net Debit Return
If Flat
Annualized
Return If Flat
Dec 20 20 0.00 24.92 -19.7% -199.7%
Jan 17 20 0.00 24.92 -19.7% -112.4%
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