Tuttle Capital Launches Photonics ETF With Weekly Distribution Strategy

Tuttle Capital has launched the Tuttle Capital Photonics Income Blast ETF (OPTO), combining exposure to light-based technologies with an options income strategy. The actively managed fund targets companies involved in optical communications, lasers, silicon photonics, LiDAR and imaging, with at least 80% exposure to photonics-related businesses through stocks, call options or synthetic long positions. To generate premiums, OPTO sells near-the-money puts while buying lower-strike puts, creating credit spreads that limit potential losses on those option positions rather than protect the entire portfolio. The fund can invest globally across company sizes and expects significant technology exposure. It intends to make weekly distributions, a portion of which will likely represent return of capital rather than investment income. OPTO is non-diversified and does not track a specific index.