Your UPRO position is split in two: one half sells weekly options for income, while the other half is left completely uncapped to participate fully in a rising market. Seeking to generate income through disciplined premium collection without capping all of your growth, supervised by Australian Investment Education.
Capital required
The minimum capital for the Split Income Strategy reflects the cost of 200 UPRO shares at current market prices, converted to Australian dollars — two option contracts' worth of stock. Because UPRO's price moves daily, the exact figure is confirmed during onboarding.
Fees
No management or performance fees apply to this strategy. Standard brokerage applies to each trade — rates are set out in our Financial Services Guide.
Key risks
UPRO is a 3x leveraged ETF: it seeks three times the daily movement of the S&P 500, which amplifies both gains and losses, and daily-reset compounding means returns over longer periods can differ significantly from three times the index. Cash-secured puts carry assignment risk — if assigned, the strategy takes delivery of shares at the put strike, which may be above the market price at the time. Options income does not remove market risk. Returns for Australian investors are also affected by movements in the AUD/USD exchange rate. All trading involves risk and capital is at risk.
Getting started
Supervised Strategies are available exclusively to members of Australian Investment Education's Cashflow on Demand program. Request the information pack for this strategy, then complete the Strategy Execution Agreement online. Once your account is set up and funded, trades are placed by the AIE trading desk under the strategy's written rules.