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ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund

New York Stock Exchange · Asset Management · Financial Services

$15.04
-0.14 (-0.92%)

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund, a closed-end equity mutual fund, is operated by Eaton Vance Management and co-managed by Parametric Portfolio Associates LLC. Its investment strategy focuses on publicly traded U.S. equities, specifically targeting companies across a diverse range of sectors. A key part of its methodology involves writing (selling) call options on one or mo…

Price (90d)

No price history yet — the daily price refresh runs once a day.

Signal Score (90d)

118
118
Aug 16Aug 16

Quote

Day Range
$15.01 – $15.16
52-Week Range
$13.13 – $15.33
Volume
$162.6K
Market Cap
$1.76B
50-Day Avg
$14.87
200-Day Avg
$14.51
Prev Close
$15.18
Open
$15.09

Valuation & Ratios

P/E Ratio
7.56
EPS
$1.90
P/B Ratio
0.92
P/S Ratio
11.96
Debt/Equity
0.00
Current Ratio
3.21
Dividend Yield
+8.3%
Gross Margin
+87.3%

Returns & Efficiency

Return on Equity
+12.1%
Return on Assets
+12.1%
FCF Yield
+0.0%
EV/EBITDA
7.57

Revenue & Net Income (Annual)

Fiscal YearRevenueNet IncomeEPS
2025$140.24M$221.47M$1.90
2024$152.24M$341.09M$2.92
2023$65.77M$255.07M$2.18
2022$-293.32M$-294.51M$-2.75
2021$285.70M$284.54M$2.92

Social Signal Score

68
5d
68
1 mentions
30d
68
1 mentions
60d
68
1 mentions
90d
68
1 mentions
news: 1

Insider trading

Open-market buys and sells by ETV officers and directors.

Bought
$269k

17 trades

Sold

0 trades

  • Richardson Duncan Wbought
    Vice President·2,000 @ $12.97·$26k·Apr 26, 2011·filing
  • Richardson Duncan Wbought
    President·500 @ $10.20·$5k·Oct 27, 2008·filing
  • Richardson Duncan Wbought
    President·455 @ $14.42·$7k·Jul 15, 2008·filing
  • Richardson Duncan Wbought
    President·545 @ $14.40·$8k·Jul 15, 2008·filing
  • Richardson Duncan Wbought
    President·500 @ $16.15·$8k·Dec 20, 2007·filing
  • Richardson Duncan Wbought
    President·1,000 @ $16.63·$17k·Nov 12, 2007·filing
  • Richardson Duncan Wbought
    President·500 @ $17.20·$9k·Oct 22, 2007·filing
  • Hawkes James Bbought
    director, officer: Vice President·600 @ $17.97·$11k·Aug 14, 2007·filing

83 further Form 4 entries are share awards, option exercises or shares withheld for tax. Those are compensation, not trades, so they are excluded above. Buying is the stronger signal: an insider spends their own money for one reason. Selling has many innocent explanations — tax, diversifying, a house — so it says far less than it appears to. Via SEC filings.

Valuation

Project earnings forward and see what return today's price implies.

Seeded from ETV's reported EPS growth of -10.2% a year over 4 years.

EPS in 5 years
$1.11
Implied price
$8.86
Return from $15.04
-10.0% a year

To earn 15.0% a year on these assumptions you'd need to buy at $4.41 -70.7% below today's price.

How sensitive is that answer?

Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.

growth \ P/E4681012
-20.2%-30.4%-24.5%-20.1%-16.4%-13.3%
-15.2%-26.0%-19.8%-15.0%-11.2%-7.9%
-10.2%-21.7%-15.1%-10.0%-5.9%-2.4%
-5.2%-17.3%-10.3%-5.0%-0.7%3.0%
-0.2%-13.0%-5.6%-0.0%4.5%8.4%

This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.

Mentions (1)

  • Newsseekingalpha.com·5h ago·Positive

    ETV: Discounted Opportunity For The Long-Term Investor Eaton Vance Tax-Managed Buy-Write Opportunity Fund offers tech-heavy exposure with an 8.19% yield and currently trades at a -6.97% discount. ETV's aggressive call-writing strategy, covering nearly 100% of portfolio value, limits upside but can help generate steady 'income' from premiums. While ETV's discount is appealing, tech valuations remain stretched; I would take a more cautious entry via dollar-cost averaging rather than aggressive buy…

    View source ↗