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Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE)

Derivative Income | Exchange Traded Fund | Cboe US
29.58 USD -0.05 (-0.169%) ⇩ (April 20, 2026, 4 p.m. EDT)

Short-term: ★★★☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★☆☆☆
Hot Take | April 19, 2026, 12:02 a.m. EDT

This is a 'facts-and-suction' income trap yielding 33% because the underlying fund's NAV has depreciated ~20% year-over-date to fuel the dividend, effectively diluting principal. The options flow confirms a speculator consensus that the rally is an illusion, positioning heavy puts to catch the inevitable correction from the synthetic cap structure.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.017172
AutoETS0.017315
AutoARIMA0.017363
AutoTheta0.022570

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 53%
H-stat 2.94
Ljung-Box p 0.000
Jarque-Bera p 0.244
Excess Kurtosis 0.48

As of April 19, 2026, 12:02 a.m. EDT: Calls show significant weakness with 92% of the open interest concentrated In-The-Money (ITM) strikes, indicating profit taking on recent gains. Conversely, Puts exhibit a massive long skew in the medium-term (May/June), with 100% of volume in Out-of-The-Money (OTM) max pain strikes and high volume at 27.0/29.0. This suggests a 'defensive' sentiment where traders are specifically positioning to capitalize on anticipated price drops or earnings-related volatility, despite the recent weekly upside momentum.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.34% 51.07%
Dividend History
Date Dividend Yield %
2026-04-16 0.099 0.338115
2026-04-09 0.104 0.365640
2026-04-01 0.159 0.578698
2026-03-26 0.113 0.414874
2026-03-19 0.125 0.446368
2026-03-12 0.187 0.667181
2026-03-05 0.195 0.677478
2026-02-26 0.221 0.770252
2026-02-19 0.270 0.954067
2026-02-12 0.140 0.499043
2026-02-05 0.073 0.260545
2026-01-29 0.099 0.336800
2026-01-22 0.177 0.611924
2026-01-15 0.118 0.407931
2026-01-08 0.158 0.547772
2025-12-31 1.721 6.018216
2025-12-24 1.915 6.612640
2025-12-18 0.202 0.717485
2025-12-11 0.202 0.699342
2025-12-04 0.385 1.342494
2025-11-26 0.234 0.829451
2025-11-20 0.225 0.836167
2025-11-13 0.223 0.802922
2025-11-06 0.205 0.737874
2025-10-30 0.236 0.832417
2025-10-23 0.198 0.717126
2025-10-16 0.204 0.750096
2025-10-09 0.204 0.737934
2025-10-02 0.207 0.752864
2025-09-25 0.204 0.754237
2025-09-18 0.201 0.737882
2025-09-11 0.200 0.749102
2025-09-04 0.286 1.089434
2025-08-28 0.204 0.774270
2025-08-21 0.239 0.928913
2025-08-14 0.233 0.884324
2025-08-07 0.239 0.923795
2025-07-31 0.238 0.923184
2025-07-24 0.237 0.923903
2025-07-17 0.239 0.938358
2025-07-10 0.237 0.940409
2025-07-02 0.229 0.917373
2025-06-26 0.247 0.996947
2025-06-18 0.205 0.855227
2025-06-12 0.146 0.604606
2025-06-05 0.208 0.878427
2025-05-29 0.215 0.916438
2025-05-22 0.172 0.742823
2025-05-15 0.180 0.769953
2025-05-08 0.308 1.401230
2025-05-01 0.218 1.012554
2025-04-24 0.240 1.145257
2025-04-16 0.209 1.042577
2025-04-10 0.180 0.899184
2025-04-03 0.250 1.161992
2025-03-27 0.236 1.015858
2025-03-20 0.277 1.203870
2025-03-13 0.233 1.045710
2025-03-06 0.151 0.652706
2025-02-27 0.260 1.097045
2025-02-20 0.246 0.972012
2025-02-13 0.251 0.995583
2025-02-06 0.231 0.926155
2025-01-30 0.188 0.763055
2025-01-23 0.246 0.977707
2025-01-16 0.337 1.389885
2025-01-08 0.183 0.755596
2025-01-02 0.298 1.245107
2024-12-26 0.804 3.256428
2024-12-19 0.870 3.597553
2024-12-12 0.165 0.665878
2024-12-05 0.236 0.954482
2024-11-27 0.221 0.913090
2024-11-21 0.252 1.046057
2024-11-14 0.253 1.039828
2024-11-07 0.265 1.084936
2024-10-31 0.205 0.889595
2024-10-24 0.208 0.888510
2024-10-17 0.318 1.361917
2024-10-10 0.270 1.157112
2024-10-03 0.218 0.951789
2024-09-26 0.257 1.110994
2024-09-19 0.195 0.859753
2024-09-12 0.446 2.019819
2024-09-05 0.329 1.519102
2024-08-29 0.313 1.423083
2024-08-22 0.476 2.161246
2024-08-15 0.476 2.153075
2024-08-08 0.514 2.455561
2024-08-01 0.569 2.670750
2024-07-25 0.354 1.677509
2024-07-18 0.310 1.423498
2024-07-11 0.346 1.561369
2024-07-03 0.197 0.888577
2024-06-27 0.355 1.613834
2024-06-20 0.298 1.357852
2024-06-13 0.234 1.072433
2024-06-06 0.143 0.670718
2024-05-30 0.212 1.016709
2024-05-22 0.212 1.012755
2024-05-15 0.375 1.793065
2024-05-08 0.311 1.530213
2024-05-01 0.252 1.296116
2024-04-24 0.334 1.687863
2024-04-17 0.267 1.350882
2024-04-10 0.091 0.448168
2024-04-03 0.332 1.621898
2024-03-26 0.364 1.772564
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 50.38

Info Dump

Attribute Value
All Time High 49.39
All Time Low 26.745
Ask 29.72
Ask Size 200
Average Daily Volume10 Day 610,110
Average Daily Volume3 Month 652,329
Average Volume 652,329
Average Volume10Days 610,110
Beta3 Year 0.0
Bid 29.71
Bid Size 5,900
Category Derivative Income
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 29.63
Day Low 29.41
Dividend Yield 50.38
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 28.9577
Fifty Day Average Change 0.6222992
Fifty Day Average Change Percent 0.021489939
Fifty Two Week Change Percent -2.7613401
Fifty Two Week High 36.6
Fifty Two Week High Change -7.0199986
Fifty Two Week High Change Percent -0.19180325
Fifty Two Week Low 26.745
Fifty Two Week Low Change 2.834999
Fifty Two Week Low Change Percent 0.10600109
Fifty Two Week Range 26.745 - 36.6
First Trade Date Milliseconds 1,709,821,800,000
Full Exchange Name Cboe US
Fund Family Roundhill Investments
Fund Inception Date 1,709,683,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund seeks to achieve its investment objectives through the use of a synthetic covered call strategy that provides current income on a weekly basis, while also providing exposure to the price return of the Nasdaq-100 Index. The fund will invest at least 80% of its net assets in financial instruments that utilize the Innovation-100 Index as the reference asset. The fund is non-diversified.
Long Name Roundhill Innovation-100 0DTE Covered Call Strategy ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_1862734343
Nav Price 29.5372
Net Assets 798,929,280.0
Net Expense Ratio 0.97
Open 29.56
Pre Market Change 0.15999985
Pre Market Change Percent 0.5409055
Pre Market Price 29.74
Pre Market Time 1,776,771,600
Previous Close 29.63
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0499992
Regular Market Change Percent -0.168745
Regular Market Day High 29.63
Regular Market Day Low 29.41
Regular Market Day Range 29.41 - 29.63
Regular Market Open 29.56
Regular Market Previous Close 29.63
Regular Market Price 29.58
Regular Market Time 1,776,715,200
Regular Market Volume 566,509
Short Name Roundhill Innovation-100 0DTE C
Source Interval 15
Symbol QDTE
Total Assets 798,929,280
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -3.90426
Trailing Three Month Returns -3.90426
Triggerable 1
Two Hundred Day Average 33.04776
Two Hundred Day Average Change -3.46776
Two Hundred Day Average Change Percent -0.10493177
Type Disp ETF
Volume 566,509
Yield 0.50380003
Ytd Return -3.90426