Guide to Reading the Data

Many option-income ETFs generate distributable cash flow primarily by selling options (often covered calls or synthetic covered calls). When options are sold, the fund receives a premium. That premium is the raw material—an income source—that can contribute to distributions.

The important part is that this process is dynamic within each distribution cycle. Options are rolled, closed, or expire; exposures change; outcomes are realized over time. DiviTracker focuses on what happens inside the cycle, week by week, instead of only looking at the final official distribution announcement.

Realized (Cash Flow): This is the locked-in result from closing, rolling, or settling an option position. Realized cash flow is the closest thing to “what has actually happened” so far in the current cycle.

Unrealized (Snapshot): This is mark-to-market exposure at a specific timestamp. It can move quickly with volatility and price changes. Unrealized values are not cash in hand and should not be treated as confirmed income.

If you are new, start with the Hub for a macro view: what changed across tickers within the current cycle. When you spot something interesting, open a specific Ticker page for evidence-level tables (trades/holdings).

This site compiles notes from automated processing of public information. Timing is everything. Use the “As-of” timestamp (US close) as your anchor. If a holiday or early close occurs, the data may reflect the last available market close.

• A single week’s cash flow does not imply long-term stability.
• Premium/discount to NAV is context, not an automatic “cheap/expensive” conclusion.
• Pipelines can lag or miss edge cases. Treat these pages as personal, timestamped notes—not issuer statements.

• Not a forecast engine: it does not “predict dividends.”
• Not advice: it does not tell you what to buy/sell/hold.
• Yes to evidence: tables are provided so you can verify what changed and when.
• Yes to context: cycle framing helps prevent misreads from single-week snapshots.

Each update represents the most recent processed snapshot available at the time of publishing. The key is consistency: the same lens, the same cycle framing, and a clear timestamp so changes can be compared.

• As-of: the last processed US market close snapshot.
• Lag policy: if the source is delayed, the last valid snapshot may remain visible.
• Correction policy: if the upstream source is revised, the next update can overwrite prior notes.

1. On the Hub, scan for tickers with unusually large changes (positive or negative) in the current cycle.
2. On the Ticker page, read Realized tables first (locked-in outcomes), then use Unrealized as a snapshot of current exposure—not as confirmed income.
3. If you see an unfamiliar label, jump to the Glossary so you interpret the table in the same vocabulary used here.

• “Why does Monday look quiet?” Some strategies cluster rolls/closures on specific days, and timing mismatches can make a day look empty. Always verify the As-of timestamp before concluding “nothing happened.”
• “Realized is positive, so why is price down?” Price reacts to the underlying, volatility, and market regime. Realized cash flow is only one component of the total return story.
• “Unrealized is large—does that mean more distribution?” Not necessarily. Unrealized is exposure valuation; it is not locked-in cash flow and can reverse quickly.
• “Premium/discount to NAV means buy/sell?” No. It is context only. This site avoids automatic conclusions based on a single ratio.
• “Why do numbers change after they were posted?” Upstream sources can be revised or reclassified. The next update may overwrite prior notes to match the latest source truth.
• “Is this official?” No. Treat it as a personal research notebook. If you need official figures, consult the issuer documents.

The Glossary is intentionally short and strict: it defines labels exactly as they appear in the tables. When you see a label that feels ambiguous, assume the Glossary definition is the one used for interpretation here.