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.

Services

Industries

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

Latest Insights

Latest News

Latest Events

shopping district

legal updates

May 29, 2026

Consumer Lens - Session 1 | The Rise of European Class Actions

Business meeting close up discussing data

podcasts and webcasts

May 29, 2026

Tax NOLs in Cross-Border Structures Webinar

Pay-Transparency-Waterdroplets-on-glass

legal updates

May 28, 2026

EU Pay Transparency Directive

Low angle skyscrapers glass offices modern city architecture perspective

legal updates

May 26, 2026

© Eversheds Sutherland 2026. All rights reserved. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website.