Eversheds Sutherland Advises on Launch of DailyDelta™ ETFs, First-of-Their-Kind 0DTE Options ETFs Led by Kelly Intelligence and Tidal

The image displays a close-up view of a microchip on a motherboard, highlighting the intricate patterns of circuits and electronic componentsThe image displays a close-up view of a microchip on a motherboard, highlighting the intricate patterns of circuits and electronic components

Eversheds Sutherland Advises on Launch of DailyDelta™ ETFs, First-of-Their-Kind 0DTE Options ETFs Led by Kelly Intelligence and Tidal

March 13, 2025

United States
United States
United States
Eversheds Sutherland is pleased to have advised Kelly Intelligence and Strategic Trust on the launch of DailyDelta™ ETFs, a new suite of exchange-traded funds (ETF).

These ETFs aim to equip traders with tools to enhance gains, hedge positions, and capitalize on market movements.

The first round of DailyDelta™ ETFs now trading includes:

  • DailyDelta™ Q100 Upside Option Strategy ETF (NYSEArca: QUP): The QUP ETF invests in 0DTE long calls on the Nasdaq 100 Index.
  • DailyDelta Q100 Downside Option Strategy ETF (NYSEArca: QDWN): The QDWN ETF invests in 0DTE long puts on the Nasdaq 100 Index.

In addition to the two ETFs launched this week, DailyDelta™ has registered an additional four ETFs targeting exposure to the S&P 500 Index and Russell 2000, respectively.

DailyDelta™ ETFs are advised by option specialists Kelly Intelligence. 

Read the full press release here. 

The Eversheds Sutherland team advised on all legal aspects of product development and registration.

Eversheds Sutherland’s team was led by Capital Markets partner Eric Simanek with support from Tax partner Jon Sambur, Capital Markets Counsel Krisztina Nadasdy, Tax Counsel Brian Tschosik and Associate Tuong-anh T. Pham.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Key contacts

ericsimanek@eversheds-sutherland.com

Eric D. Simanek

Partner

Washington, DC, United States

krisztinanadasdy@eversheds-sutherland.com

Krisztina Nadasdy

Counsel

briantschosik@eversheds-sutherland.com

Brian Tschosik

Partner

Washington, DC, United States

tuong-anhpham@eversheds-sutherland.com

Tuong-anh T. Pham

Associate

Washington, DC, United States

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