NEW YORK -- (Business Wire)

Worth Charting, the Institutional Equity Research Boutique which launched a subscription platform for individual investors 5 years ago, today announced the launch of the Worth Charting Options Income ETF (NYSE Arca: WRTH). Founded by 35-year Wall Street veteran Carter Braxton Worth, Worth Charting provides technical analysis to the largest institutional capital pools in North America, Europe and Asia. The firm’s new ETF is a vehicle for both institutions and individuals to invest in Worth Charting’s highest conviction ideas.

WRTH is an actively managed ETF that sells short-term, out-of-the money options on equities, indices, commodities and currencies, employing a short strangle strategy: simultaneously selling call options above a stock's current price and put options below the current price, collecting premium income from both sides. The fund targets stocks immediately after sharp news-related price moves, typically associated with earnings but after other catalysts as well, when volatility spikes and options premiums in either the calls or puts, but not both, are at their highest. Rather than predicting the direction of a security, the strategy is built on the insight that stocks tend to stabilize and back and fill after outsized moves (moves typically up or down 8% or more) and that elevated, short-term options premiums erode quickly as volatility fades. WRTH is designed to profit from that decay, collecting premium and closing positions as the options lose value approaching expiration.

"WRTH is a natural outgrowth of the work I've done for decades studying how stocks behave before after sharp moves up or down and where they are likely to settle," said Worth. "Most options-based ETFs are built around owning options to generate income or define outcomes. This strategy takes the other side: selling short-term options after volatility expands due to news, collecting premium when pricing tends to be inflated following said news, with the expectation that markets stabilize as volatility comes down."

WRTH is listed on the New York Stock Exchange and is sub-advised by Tidal Investments LLC. The fund has a 1% management fee and a gross expense ratio of 1.02%, inclusive of other expenses. For more information, including the fund’s prospectus and additional details on holdings and performance, please visit https://worthchartinggroup.com/.

About Worth Charting

Worth Charting, founded by Carter Braxton Worth, provides technical analysis, market research, and trading recommendations across equities, commodities, and currencies. The firm’s work is grounded in the widely accepted principle that there is wisdom in price, and that price action is a leading indicator and a predictor or future price action. Through daily research and video commentary, Worth Charting provides investors with a structured framework for interpreting volatility and navigating market-moving events.

About Tidal Investments LLC

Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and to effectively launch ETFs and to optimize growth potential in a highly competitive space. For more information, visit https://www.tidalfinancialgroup.com/.

Important information

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the Fund’s prospectus and summary prospectus, copies of which can be obtained by visiting https://worthchartinggroup.com/ or calling (888) 821-8231. Please read the prospectus or summary prospectus carefully before you invest.

Investing involves risk. Principal loss is possible.

There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

Options Strategy Transactions Risk. The Options Strategy pursued by the Fund involves selling put options that are not covered (also called “naked options”) and selling call options coupled with a short call spread. When the Fund sells an uncovered put option, it does not simultaneously own the Underlying Security.

Aggressive Investment Technique Risk. The Fund uses investment techniques considered to be aggressive, including the use of leverage and uncovered options.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

Liquidity Risk. Some portfolio investments held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

Foreign Securities Risk. Investments in securities or other instruments of non-U.S. issuers involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies.

Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates.

Puts: A put option gives the buyer the right to sell an asset at a set price within a specified time. By selling put options, the Fund collects premium income but may be required to buy the asset at the strike price if its value falls below that level, which could result in losses.

Out-of-the-Money: An out-of-the-money option refers to an option that currently has no intrinsic value.

Call Options: A call option gives the buyer the right to buy an asset at a set price within a specified time. By selling call options, the Fund collects premium income but could end up being short the asset at the strike price if its value goes above that level, which could result in losses.

Distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Worth Charting or Tidal Investments, LLC.

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Contacts:

Media contact:
Gregory Agency for Worth Charting
worthcharting@gregoryagency.com

Source: Worth Charting