Bottom line: NFLY seeks high weekly income by selling calls against synthetic exposure to Netflix (NFLX). Streaming-sector and single-stock volatility can support elevated option premiums, offering income investors a way to monetize NFLX’s moves while collecting frequent distributions.
It is not a pure Netflix equity holding or a stable income vehicle. The strategy caps upside, leaves most downside exposure intact, and can produce NAV erosion when high distributions exceed economic returns. Payout amounts fluctuate with implied volatility.
Size any position according to your tolerance for single-stock (and media-sector) risk rather than the current yield. Review the prospectus, distribution character, and Netflix’s fundamentals before acting. This is not investment advice.
Monthly Distributions for NFLY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| January 2026 | $50.61 | 726 | $0.0697 |
| December 2025 | $162.11 | 1,750 | $0.0926 |
| November 2025 | $103.40 | 1,050 | $0.0985 |
| October 2025 | $176.68 | 888 | $0.1990 |
| September 2025 | $116.16 | 296 | $0.3924 |
| August 2025 | $134.31 | 296 | $0.4538 |
| July 2025 | $125.11 | 296 | $0.4227 |
| June 2025 | $123.77 | 296 | $0.4181 |
| May 2025 | $445.34 | 574 | $0.7759 |
| April 2025 | $156.67 | 267 | $0.5868 |
| March 2025 | $100.30 | 257 | $0.3903 |
| February 2025 | $235.78 | 227 | $1.0387 |
| Grand Total: | $3,327.30 | 8,869 | $0.3752 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $0.00 | 0 | $3,327.30 | $17.89 | $0.00 | $9.68 |
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).