Bottom line: CONY seeks high weekly income by writing calls against synthetic exposure to Coinbase (COIN). Crypto and single-stock volatility can generate substantial option premiums, attracting income investors who want COIN-linked cash flow.
It is not a pure Coinbase investment or a low-risk yield product. Upside is heavily capped, downside remains largely unprotected, and significant NAV erosion is common when distributions include large return-of-capital components or when COIN declines sharply. Concentration and crypto-correlated risks are extreme.
Position size should reflect the very high volatility and structural trade-offs of this single-stock options strategy. Review the latest prospectus, distribution composition, and both COIN and crypto-market conditions carefully. This is not investment advice.
Distribution History for CONY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| September 2026 | $15.02 | 52 | $0.2888 |
| August 2026 | $87.65 | 109 | $0.8041 |
| July 2026 | $31.46 | 125 | $0.2517 |
| June 2026 | $28.23 | 104 | $0.2714 |
| May 2026 | $51.01 | 120 | $0.4251 |
| April 2026 | $38.05 | 104 | $0.3659 |
| March 2026 | $51.66 | 109 | $0.4739 |
| February 2026 | $36.62 | 132 | $0.2774 |
| January 2026 | $62.22 | 181 | $0.3438 |
| December 2025 | $163.31 | 578 | $0.2825 |
| November 2025 | $116.76 | 1,409 | $0.0829 |
| October 2025 | $174.39 | 913 | $0.1910 |
| Grand Total: | $5,910.60 | 9,011 | $0.6559 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $1,471.03 | 26 | $5,933.20 | $16.86 | $56.58 | $19.28 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).