These New 0DTE Covered Call ETFs Are Not Magic Money Trees. In Fact, You’re Better Off Just Buying SPY.

The modern yield-hunting crowd has officially found a new obsession: 0DTE (zero days to expiration) covered call ETFs, spearheaded by vehicles like the Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) and the YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY).

Do we really need them?