Exchange: BATS·Updated 07:53 PM EDT
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XRPM Amplify XRP 3% Monthly Premium Income ETF

$8.67
$0.074
(0.86%)
Today
Closed $8.67
$0.326
(3.76%)
After Hours
Vol11,031.00
52W High$25.99
52W Low$8.22
33

Bearish Sentiment

How do you feel about XRPM?

SquatchTrading
$XRPM I’ve been digging into XRPM’s daily holdings with GPT trying to figure out how they plan to keep NAV from getting destroyed when XRP makes a big run through weekly XRPC etf covered calls. Something interesting happened. On 9/30 they held 165,881 XRPC shares. On 10/1 that dropped to 87,000 and cash jumped to $1.397M. Today XRPC jumped to 210,300 shares and cash went negative $557K. Meanwhile the 8,008 synthetic long XRPC contracts AND 8,008 short XRPC $16.87 calls didn’t change. So they now have substantially more direct XRPC etf exposure outside that covered block. I’ve had a “rubber band” theory that they have to dynamically increase uncapped exposure, reduce calls, or move strikes as XRP runs or this thing mathematically gets killed by volatility. Maybe this is part of how they handle it. I’m watching the daily holdings now to see what they do as XRPC approaches the $16.87 strike.. stay tuned..
5
Acdelco29
$XRPM don't trust this ticker anymore and probably selling after next divvy. It's down like 10% after XRP has been flat/up a bit during the past month? wtf
3
SquatchTrading
$XRPM yeah.. this thing has potential to get fucked. In Aug, xrp rallied 50% in one week. XRPM capped that week at around 13-14% and has been taking the losses with xrp… now, if xrp pulls back from here xrpm will continue its downward move to $8 and below. While at the same time selling 3% to pay the dividend with our own money. This could be a death spiral to hell. xrp swings seem to be too big for this system… especially if weekly options are sold at 10% out of the money and it moves 40,50,60% in a week. This will either turn the corner and run… or fall into oblivion. Based on that Aug 17 weekly bar; it’s not looking good, and dripping more shares will only compound that issue. I may be seeing it wrong, but that’s what I see so far on limited data.
3
Doggerstd
$XRPM $XXRP $XRP.X is all coming unhinged. Guess this clarity act isn’t passing. This sucks. Time to average down now.
3
SquatchTrading
$XRPM I want to know how this had $0 recovery and participation in 100% downside. That makes no sense. I understand capped upside, but.. 0 upside off the bottom? 🤔
2
daylite
$XRPM thank you for replying I did buy 3 times yesterday My avg is $ 9.95 I hear what your saying about over time the price will pick up . meanwhile we are getting solid dividends
2
Doggerstd
$XRPM Dropped back down to $10 this morning. Am I upset, nope because every time it does I buy more. This is part of my retirement plan where I do nothing and collect dividends, hopefully for the rest of my life. 💰💰💰
2
jrap90999
$XRPM Keep them accountable. They failed at participating in any XRP upside. There is no longer a reason to hold this scam.
1
Doggerstd
$XRPM We need to pump this up for tommorow’s dividend declaration. 3% of the price. LFG!!! I bought more and of course it’s going down.
1
Acdelco29
$XRPM is there any reason the dividend (cash amount) is going down over the months? Was .67 last December now only .31
daylite
$XRPM you see how nav does not keep up we are back to almost 1.40 yet xrpm still below 10 $ that's why I grabbed my profit and sold good luck to all I did though buy btci
daylite
$XRPM was up yesterday $1400 Took my $775 profit today.. Lost half value in one day So I won't get my $400 dividends Not sure I did right thing however profit is profit And should of sold yesterday Imo hind site was trying to get out at 10.65 didn't get filled

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