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Glenmede Secured Options Portfolio (GTSOX) stock surged +1.13%, trading at $13.46 on NASDAQ, up from the previous close of $13.31. The stock opened at $13.46, fluctuating between $13.46 and $13.46 in the recent session.
Under normal market circumstances, at least 80% of the value of the Portfolio's total assets (including borrowings for investment purposes) will be subject to secured option strategies, which are written covered call and/or secured put options on stock index ETFs, stock indices and/or individual stocks held by the Portfolio.
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