HANetf launches Europe’s first Nasdaq-100 daily covered-call ETF

HANetf has launched the HAN Nasdaq-100 Daily Covered Call UCITS ETF (ticker QQQI). The fund charges a total expense ratio of 0.59%.

QQQI pairs exposure to the Nasdaq-100 index with a systematic covered call strategy that sells out-of-the-money call options. The options the fund uses typically expire after one day, with expiries ranging from one to five days depending on availability.

As contracts expire, the ETF sells new calls, creating repeated opportunities to collect option premiums and to reset the strike level above which additional gains would be forgone.

The fund sets strike prices according to rules that use the Nasdaq-100’s current level and implied volatility, a market measure of expected future price swings. By selling calls with strikes above the prevailing index level, the strategy leaves some room for the index to rise before options start to cap gains.

QQQI uses European-style, cash-settled Nasdaq-100 index options, which can only be exercised at expiry and settle in cash rather than requiring delivery of the underlying shares.

The ETF remains exposed to downside moves in the Nasdaq-100. Higher index volatility can increase option premiums while also increasing investment risk. Frequent expiries reduce the time the strategy is committed to any single strike but do not prevent missed gains during strong rallies and can increase transaction costs through higher trading frequency.

The launch is the 10th options-based ETF on the HANetf platform. The platform’s options-based product assets total about USD247.88 million after more than doubling in 2026. Across Europe year-to-date, options-based ETFs have seen roughly USD4.13 billion in net flows and now represent over USD11.60 billion in assets under management.

Hector McNeil, Co-Founder and Co-CEO of HANetf, commented: “We’re delighted to have the HAN Nasdaq-100 Daily Covered Call UCITS ETF on our platform, expanding the choice available to investors looking to combine equity exposure with an option income strategy. This is the first of its kind with daily options expiries. The ETF approaches that balance through very short-dated options and strike prices that adjust systematically with market volatility.”

Covered call strategies receive option premiums in exchange for ceding upside above the strike price for the life of the option. QQQI therefore offers regular premium income opportunities alongside continued exposure to the Nasdaq-100’s price moves.