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Apple Soared 15% in July, but GPIQ Holders Lost 6%: The Hidden Options Tax on Covered-Call ETFs
GPIQ dropped 6% in July while Apple surged 15%, as the covered-call overlay handed the rally directly to option buyers instead of shareholders. QQQ's 89% price-only return since GPIQ's inception alrea
Yahoo Finance — 2 August 2026
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GPIQ dropped 6% in July while Apple surged 15%, as the covered-call overlay handed the rally directly to option buyers instead of shareholders. QQQ's
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