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 2025 | $121.41 | 215 | $0.5647 |
| December 2024 | $172.37 | 206 | $0.8367 |
| November 2024 | $156.27 | 206 | $0.7586 |
| October 2024 | $279.10 | 352 | $0.7929 |
| September 2024 | $77.57 | 152 | $0.5103 |
| August 2024 | $87.25 | 152 | $0.5740 |
| July 2024 | $57.36 | 152 | $0.3774 |
| June 2024 | $69.90 | 111 | $0.6297 |
| May 2024 | $96.66 | 100 | $0.9666 |
| April 2024 | $80.52 | 100 | $0.8052 |
| March 2024 | $72.96 | 100 | $0.7296 |
| February 2024 | $125.69 | 100 | $1.2569 |
| 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).