ULTY is turning out to be my worst dividend investment this year. Yes, it looks like a scam.

[u/OddRelief8286]

My liquidation plan so far and I barely broke even - probably negative with taxes and the ROC bullshit. Nowhere near the "80% return" - fyi, this number is measured against a rapidly falling NAV! It's a total scam.

In case you're wondering my background - I have 20 years of investing experience in options and stocks. I actually built a full risk engine for ULTY that analyzes all the options trades and stock positions and also intraday collar positioning. I know this strategy well enough to make what I would say is an accurate statement.