DailyDelta Q100 Downside Option Strategy ETF
QDWN
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7887 East Belleview Ave, Suite 1100, Denver, CO 80111 Denver United States of America 80111
- IPO Date
- Mar 10, 2025
- Website
- dailydeltaetfs.com
- Similar Companies
- Business
- DailyDelta Q100 Downside Option Strategy ETF (QDWN) is an actively managed exchange-traded fund that seeks daily capital appreciation by investing primarily in zero days to expiry (0DTE) long put options on the Nasdaq-100 Index; the strategy purchases at-the-money puts before the prior day's market close to capture overnight and intraday downside exposure, aiming for magnified returns exceeding 2x or 3x in bearish markets while limiting maximum daily losses to the options premium paid, approximately 10% of net asset value; the fund complements its options holdings with short-term U.S. Treasury securities for collateral and risk management. QDWN, issued under the Strategic Trust and advised by Kelly Strategic Management, LLC (an affiliate of Kelly Intelligence), trades on NYSE Arca with a total expense ratio of 1.35% and quarterly dividend distributions. The ETF targets traders and investors seeking to hedge positions, enhance gains from Nasdaq-100 declines, or capitalize on short-term bearish catalysts such as after-hours earnings or economic reports; it operates within the derivatives and equity options segment, focusing on U.S. markets. Launched on March 10, 2025, and headquartered in Denver, Colorado through Kelly Intelligence, QDWN represented one of the first ETFs dedicated to 0DTE options strategies alongside its counterpart, the DailyDelta Q100 Upside Option Strategy ETF (QUP). In a major recent development, DailyDelta announced on November 21, 2025, plans to close and liquidate QDWN and QUP, with trading suspended on December 1, 2025, and proceeds distributed to shareholders around December 8, 2025, following a recommendation from the adviser and approval by the Strategic Trust Board of Trustees. This liquidation reflects a strategic shift amid limited operating history and low assets under management.