NVIIREX Shares
Oct 12, 2026 · $123.9M net assets
Synthetic long — no shares held
Owns Treasuries plus an options structure that replicates the underlying. Nothing here is a stock position.
Call coverage
—
of the equity sleeve has a call written on it
Wtd moneyness
-3.65%
written out of the money
Wtd DTE
64.1d
monthly or longer
Upside room
—
to the average written strike
Capped
0/1
names already above their strike
Collateral
102.5%
cash + Treasuries
What backs the fund
Treasuries 101.9%Cash 0.6%Long options 6.3%Short options -8.79%
Notional written: calls 60.6% of NAV · puts 121.2% of NAV
The book
1 underlying · 3 contracts collapsed to one row each| Name | % NAV | Spot | Strike | DTE | Room |
|---|---|---|---|---|---|
| NVDA | no shares | 226.42 | 235.00 | 4d | +3.8% |
Room is (strike − spot) / spot — how far the stock can still run before the written call caps it. That's the holder's number. It is not the same as moneyness, which the fund quotes against the strike.
Cov is the share of the position covered by written calls, capped at 100%.
NVII writes calls to generate income.TraderMatrix shows GEX levels and live flow so you can see where dealers are pinned.See NVII flow →