WDTE Stock Summary and Trading Ideas (Defiance S&P 500 Enhanced Option Income ETF | ARCA:WDTE)

WDTE aims to achieve consistent weekly yield distributions for investors coupled with equity market exposure to the S&P 500. WDTE is an actively managed exchange-traded fund ("ETF") that seeks enhanced income, constructed of treasuries and S&P 500 index options. The strategy's objective is to generate weekly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time decay by selling in the money puts.

Defiance S&P 500 Enhanced Option Income ETF trades on the ARCA stock market under the symbol WDTE.

As of October 4, 2024, WDTE stock price climbed to $42.43 with 32,579 million shares trading.

WDTE has a market cap of $96.54 million. This is considered a Micro Cap stock.

WDTE support price is $41.92 and resistance is $42.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WDTE shares will trade within this expected range on the day.