Kensington Files Leveraged ETF Using Options on S&P 500 and Nasdaq-100

The Kensington Premium Opportunities ETF will seek approximately 200% aggregate exposure to the S&P 500 and Nasdaq-100 through options-based synthetic positions. The strategy primarily uses out-of-the-money call options to capture upside beyond specified strike prices, while quarterly put spreads are employed to help limit losses during major market declines. The fund also aims to generate income from active options trading and may use index ETFs, individual stocks, Treasuries, and cash-like instruments as collateral. The leveraged structure can magnify both gains and losses.