QDTY led income-source signals — 2026-04-17

Last week’s recap left one open question: whether WNTR would repeat at a comparable level after posting net per share 4.498. This week, WNTR is not in the top 10. That’s not a verdict — one absence doesn’t close the read — but it keeps the watchlist entry where it belongs: a first observation, not a confirmed pattern.
The lead this week is QDTY, which ranks first at net per share 5.305 under full five-intraday-file coverage with zero POUT. That’s the highest figure in this tracked set this week by a wide margin. RDTY ranks second at 4.267 under the same zero-POUT, holdings_rows=1 structure it has held for five consecutive weeks. Those two tickers sit at the top of the same ranking but tell different stories — treating them as one read is the mistake to avoid.
The broader picture this week is unusually one-sided. POUT exceeded PIN across most of the tracked set, producing a week where the majority of tickers in Group-1, Group-2, Group-3, and Target-12 posted negative net per share figures. The coverage levels across those tickers are consistent with prior weeks. The negativity is in the data, not the observation.

This week’s income-source pulse

Window: 2026-04-13 → 2026-04-17 (US Mon–Fri), frozen as-of 2026-04-17. This ranking covers the tracked weekly set, with Group-3 shown separately where coverage is thin. It is not a performance score. Three structural notes apply this week: QDTY and RDTY both show POUT=0, which limits direct cross-ticker comparability with spread-based funds; the majority of tickers across all groups posted negative net this window; and NVIT (Group-3) has only one intraday file this week, making it a thin-coverage observation only.

Anchor read: QDTY — first observation, full coverage, zero POUT

QDTY ranks first at net per share 5.305, net $2.65M, PIN $2.65M, POUT $0. Coverage: 5 intraday files, 2 holdings rows. DQ level: ok.
This is QDTY’s first appearance in the top movers dataset. The number is large — 5.305 is the highest single-week net per share figure in this tracked set this week by a wide margin. The coverage is clean and the calculation checks out. But zero POUT means this figure reflects gross premium collected, not a net after rolling costs. Whether POUT appears next week where it was absent this week is the more informative outcome: a compressed figure with POUT visible would tell us more about the strategy’s actual cost structure than this week’s number does alone. One week of high net per share under full coverage is a first observation. The watchlist entry below holds that framing.

RDTY — fifth consecutive week, same structure

RDTY ranks second at net per share 4.267, net $1.28M, PIN $1.28M, POUT $0. Coverage: 5 intraday files, holdings_rows=1. DQ level: ok.
This is not a first observation. RDTY has held POUT=0 with holdings_rows=1 for five consecutive weeks — a structure confirmed across multiple prior recaps and flagged as the standing question: does POUT turn non-zero? This week it does not. Five consecutive weeks of identical structure shifts the read from “watch for a change” to “this is the structure.” The low holdings_rows count means cross-ticker comparability remains structurally limited — the net per share figure is extraction-valid but should not be read directly against spread-based funds. What’s new this week is the magnitude: 4.267 is notably higher than prior weeks’ figures for this ticker. That gap is worth logging.

Why these moved (grounded notes)

One observable field, one stated limitation per ticker. The most common mistake is treating net per share rank as a quality ranking — it isn’t.

• QDTY (G1): net per share 5.305, net $2.65M — PIN $2.65M, POUT $0, intra 5 files, holdings 2. Full coverage. First observation; zero POUT limits cross-ticker comparability. Premium +1.56%.
• RDTY (G1): net per share 4.267, net $1.28M — PIN $1.28M, POUT $0, intra 5 files, holdings 1. Full intraday coverage; holdings_rows=1 is the fifth consecutive week with this structure. ⚠ Cross-ticker comparability structurally limited. Premium +2.17%.
• AMDY (G2, underlier AMD): net per share 3.721, net $16.18M — PIN $19.29M, POUT $3.10M, intra 4 files, holdings 20. Spread-based; PIN/POUT both visible. First appearance in tracked top 10. Discount −0.24%.
• OARK (G2, underlier ARKK): net per share 3.350, net $5.54M — PIN $6.47M, POUT $0.93M, intra 4 files, holdings 8. No structural flags. Premium +2.37%.
• PLTY (G2, underlier PLTR): net per share 1.806, net $18.92M — PIN $28.29M, POUT $9.37M, intra 4 files, holdings 22. Largest absolute net in Group-2 this week; per-share normalization is the basis for ranking. Premium +2.27%.
• YQQQ (G1): net per share 0.669, net $0.94M — PIN $0.95M, POUT $0.01M, intra 5 files, holdings 15. Full coverage. Discount −1.87%.
• ULTY (G1): net per share 0.593, net $16.16M — PIN $22.62M, POUT $6.46M, intra 5 files, holdings 71. Thickest holdings coverage in this week’s ranked set. Premium +1.38%.
• SLTY (G1): net per share 0.551, net $0.43M — PIN $1.25M, POUT $0.83M, intra 5 files, holdings 96. Widest holdings rows in the entire ranked set this week. Discount −1.16%.
• XOMO (G1): net per share 0.417, net $1.04M — PIN $1.21M, POUT $0.17M, intra 5 files, holdings 8. Full coverage; no structural flags. Discount −3.43%.
• DIPS (G2, underlier NVDA): net per share 0.338, net $0.09M — PIN $0.14M, POUT $0.05M, intra 3 files, holdings 7. Mid-range coverage. Discount −1.94%.

Weekly take (author commentary)

Two things are true about QDTY‘s 5.305 this week. The data is clean — five intraday files, DQ ok, calculation verified. And a single clean observation of a number that large isn’t enough to read it as durable. Last week’s WNTR at 4.498 is the immediate reference: full coverage, high figure, not in the top 10 this week. One week of high net per share under full coverage is a first observation. That’s the only honest read available from one week of data.

RDTY‘s situation is different. Five consecutive weeks of POUT=0 with holdings_rows=1 is not a first observation — it’s a confirmed structure. What’s notable this week is the magnitude jump to 4.267, which is higher than prior weeks. A higher number under the same structural constraint is worth logging, but the constraint itself hasn’t changed: cross-ticker comparability remains limited, and the figure should not be read directly against spread-based funds.

AMDY at 3.721 is this week’s clearest spread-based first read. PIN over $19M with POUT at $3.1M produces a net figure that reflects actual rolling cost subtracted — making it structurally more comparable to other spread-based entries than QDTY or RDTY. Four intraday files against 20 holdings rows is solid coverage for a fund of this complexity. One week is enough to log; it’s not enough to read as a pattern.

The premium/discount context this week skews positive among the top movers. QDTY (+1.56%), RDTY (+2.17%), OARK (+2.37%), PLTY (+2.27%) all carry premiums. XOMO at −3.43% is the widest discount in the ranked set. Premium and income formation are separate layers — both are logged here without conflating them.

The broader negativity across the set is the more structurally interesting observation this week. It is not common for MSTY, NVDY, TSLY, and CONY to post negative net simultaneously. That alignment does not tell us whether next week reverses — the dataset does not produce that kind of forward read. What it does log is that POUT ran above PIN across a wide cross-section of the set in a single window.

A note on how to read this table: net per share rank and data reliability are not the same axis. ULTY sits at rank 7 with 71 holdings rows and 5 intraday files — the most complete observation in this week’s ranked set. QDTY sits at rank 1 with 2 holdings rows and 5 intraday files. Both have full intraday coverage; the holdings depth is very different. That difference doesn’t change the ranking, but it does change how much structural context is available for each read.

Coverage still matters here: a large weekly figure under zero POUT or thin holdings context should be logged differently from a repeated spread-based read under fuller capture. The useful question is not which ticker ranked highest, but what kind of structure produced the number and how comparable that structure is across the table.

This is not an ex-dividend-cycle model and not a performance score. Net per share is a weekly cashflow ratio derived from observed option trades — not a distribution forecast and not a total return measure. Income-source tracking and NAV movement are separate observations; both matter, and neither replaces the other.

Risk checklist (readable, not fine print)

• QDTY: first observation at 5.305 under full coverage, POUT=0 — no prior week available for comparison; zero POUT limits cross-ticker comparability; treat as a single data point until confirmed in subsequent weeks.
• RDTY: POUT=0, holdings_rows=1 for the fifth consecutive week — extraction-valid but structurally limited; do not read directly against spread-based funds.
• AMDY: first appearance in tracked top 10 — spread-based, PIN/POUT visible, solid coverage; one observation is not a pattern.
• Coverage varies week to week; income-source signals are not total return — sustained weekly net per share can coexist with NAV movement in either direction over time.

Top 3 highlight cards

Coverage notes (intraday/holdings)

Top movers — full table

Target-12 reference

Target-12 this week: BIGY (net per share −0.400, intra 5 files), RNTY (−0.599, intra 5 files), SOXY (−1.510, intra 5 files). All three show full five-file coverage — the negative figures are extraction-valid. POUT exceeded PIN across all three names. The Target-12 structure targets a 12% annualized income level and manages its rolling cycle differently from the standard weekly-cadence funds; a single week of negative net within that structure is a logged data point, not a cycle conclusion. NVIT (Group-3) posted −8.612 per share under 1 intraday file — thin coverage; treat as a partial observation only. MSST and TEST had no intraday files this window and are excluded entirely.

Next-week watchlist (monitoring prompts)

• QDTY: Does POUT appear next week where it was absent this week? A repeat at comparable coverage with POUT still zero extends the first observation. A compressed figure with visible POUT tells us more about the strategy’s actual cost structure. Either outcome is more informative than this week alone.
• AMDY: Does AMDY reappear next week at comparable coverage? First appearance in the tracked top 10 — spread-based, PIN/POUT structure visible. One observation is enough to log; it is not enough to read as a pattern. Coverage consistency and net direction next week are the two things to watch.

These are monitoring prompts, not recommendations.

Data scope & limits

• This post tracks weekly options income-source signals (배당재원) using intraday + holdings data. It is not an ex-dividend-cycle model.
• Missing/holiday days are skipped (no forced fills).
• Net per share reflects observed realized cashflow within the capture window — not declared distributions, not total return, not a forecast of future income.
• This week’s note: QDTY and RDTY both show POUT=0 — figures reflect gross premium collected, not net after rolling costs; cross-ticker comparability with spread-based funds is limited.

Ticker links open the latest view. Internal links: Guide · Glossary · Featured ticker (QDTY) · Net per Share explained · Why coverage matters · How Weekly Income Actually Forms Over Time

Frozen snapshot for 2026-04-17. Corrections appear in subsequent weekly logs.

Reference-only (excluded from ranking)