DailyDelta Q100 Upside Option Strategy ETF (QUP) is an exchange-traded fund that employs a rules-based options strategy focused on the upside potential of the 100 largest companies by market capitalization in the U.S. equity market, commonly known as the Q100 index. The fund seeks to generate income and capital appreciation by selling short-dated put options on the Q100 index while holding collateral in U.S. Treasuries or cash equivalents; it dynamically adjusts its option positions based on daily delta targets to optimize exposure to positive market movements and limit downside risk. QUP offers investors targeted exposure to large-cap growth opportunities through its proprietary daily delta methodology, which recalibrates option strikes and quantities each trading day to maintain a consistent risk profile.
Operated within the exchange-traded products segment of the asset management industry, QUP primarily serves retail and institutional investors seeking enhanced yield and equity-like returns with defined risk parameters. The ETF trades on major U.S. exchanges and targets sophisticated market participants interested in options overlay strategies on mega-cap equities. Geographically, it focuses on U.S.-listed securities with global underlying exposures through the Q100 constituents.
Launched in 2024 and domiciled in the United States, QUP is issued and managed by a specialist ETF provider specializing in derivative-based strategies. In late 2025, the fund expanded its operational framework through a strategic partnership with a leading options market maker to improve execution efficiency and liquidity provision. Additionally, QUP announced a recent capital raise via seed funding from institutional allocators, bolstering its assets under management amid rising demand for income-focused equity alternatives. No parent company or subsidiaries are reported.