{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Daily Premiums, Smarter Income: The Case for ODTE Covered Calls in a Modern Portfolio with Nicolas Piquard","description":"What if you could collect covered call option premium hundreds of times a year instead of once a month \u2014 without giving up the upside on your core equity holdings? \ud83d\udccb EPISODE SUMMARY In this enlightening episode of Insight Is Capital, host Pierre Daillie sits down with Nicolas Piquard, Chief Options Strategist at Hamilton ETFs \u2014 a 30-year derivatives veteran who has traded from both sides of the options desk, sell-side and buy-side. Together they unpack the seismic shift in options markets driven by zero days-to-expiry (0DTE) options, which now dominate daily S&P 500 options volume. Piquard demystifies why these instruments are not the speculative instruments many preconceive them to be, and explains how Hamilton's DayMAX\u2122 suite of ETFs harnesses daily covered calls \u2014 written only against a modest, leveraged 25% VOO sleeve \u2014 to generate frequent, tax-efficient income while leaving the core equity holdings fully intact and participating in the upside. With nearly $750 million in DayMAX\u2122 AUM and growing, the conversation explores how advisors can deploy these strategies as precision income tools in a traditional 60\/40 portfolio without sacrificing long-term growth. \u2705 3 KEY TAKEAWAYS 1. 0DTE options are a structural shift, not a fad. Exchanges gradually introduced weekly, then daily expirations over 20 years \u2014 today the market demands them for granular hedging and income generation, and volume keeps growing across asset classes. 2. The DMAX structure is engineered to preserve upside. By writing daily covered calls only against a 25% leveraged VOO sleeve \u2014 and leaving the 100% core champion dividend ETF completely uncovered \u2014 DMAX maximizes time-decay premium collection while keeping the bulk of equity appreciation intact. 3. Tax efficiency amplifies the yield advantage. Option premiums are taxed as capital gains, and intraday losses can offset gains \u2014 resulting in a distribution blend of dividends, capital gains, and return of capital that is materially more tax-efficient than ordinary income for most investors. \ud83d\udd50 TIMESTAMPED CHAPTERS 00:00 \u2014 Introduction: How options markets have evolved 01:45 \u2014 Nicolas Piquard's 30-year career arc: sell-side to buy-side 05:22 \u2014 Hamilton ETFs growth: $7B in yield maximizers, $750M in DayMAX\u2122 07:18 \u2014 The origin story of 0DTE options \u2014 from monthly to daily expirations 12:51 \u2014 How daily options differ from monthly covered calls 17:51 \u2014 The DayMAX\u2122 structure explained: 100% champions ETF + 25% VOO + 0DTE overlay 46:05 \u2014 Partial vs. full call coverage: how DMAX preserves equity upside 52:07 \u2014 Portfolio construction: how advisors can use DMAX to close a yield gap 57:19 \u2014 Tax efficiency of covered call premiums: capital gains, ROC, and dividends 59:01 \u2014 Closing thoughts #CoveredCalls #0DTE #OptionsIncome #HamiltonETFs #DMAX #ETFInvesting #OptionsStrategy #InvestmentIncome #PortfolioConstruction #DividendInvesting #FinancialAdvisors #WealthManagement #OptionsTrading #YieldMaximizer #PassiveIncome #CanadianInvesting #IncomeInvesting #VolatilityHarvesting #FinanceCanada #InsideIsCapital Copyright \u00a9 AdvisorAnalyst ","author_name":"Insight is Capital\u2122 Podcast","author_url":"https:\/\/advisoranalyst.com\/insight-is-capital-podcast.html","html":"