Quick math/comparisonDid a quick calculation with a similar ETF.
ZWB - Canadian Banks Covered Call ETF (from October 10, 2019), down 10.5%
PIC.A - Canadian Banks collection with a "proprietary" CC overlay (from October 10, 2019), down 44%.
Over 4X the drop. Hmmmm.....? If nothing is amiss, I'd love for someone to explain why. I do realize the market misprices things and it's all based on supply and demand, but this seems extreme to me.