I Said I'd Never Buy a Single-Stock ETF Again. Then I Bought ARMW.

I'm still bearish on the structure. But ARM Holdings made me eat my words.

If you’ve been reading this newsletter for any amount of time, you know where I stand on single-stock covered call ETFs. I’ve owned them. I’ve been burned by them. I’ve made videos about why they’re dangerous for income investors.

And then I bought one.

ARMW — the Roundhill ARM WeeklyPay ETF. A small $2,000 test position. Not a conviction play. Not something I’m growing. But a position I opened with my eyes wide open, for one reason and one reason only.

I’m bullish on ARM Holdings.

Not the fund structure. Not the leverage. Not the weekly distribution gimmick. The company. And that distinction matters more than anything else I’m going to say in this article.

Let me walk you through the data, the comparison, and exactly how I’m managing this so it doesn’t become another expensive lesson.