---
ticker: "CPNM"
name: "Calamos Nasdaq-100 Structured Alt Protection ETF – March"
url: "https://etf.net/etf/CPNM"
grade: "B"
score: 64
graded_at: "2026-10-12"
category: "Other Floor Protected"
category_rank: "7 of 24"
methodology: "https://etf.net/methodology"
---

# CPNM: Calamos Nasdaq-100 Structured Alt Protection ETF – March

Grade **B**, Score 64 of 100. Rank 7 of 24 in Other Floor Protected.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 78 | 2 of 24 |
| Mission | Not scored | — |
| Risk | 85 | 3 of 24 |
| Tradability | 23 | 22 of 24 |
| Holdings | Not scored | — |
| Durability | 43 | 18 of 24 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | INVESCO QQQ TRUST SERIES 1 (QQQ) Long Call Option | 118.02% |
| 2 | — | INVESCO QQQ TRUST SERIES 1 (QQQ) Long Put Option | 0.91% |
| 3 | — | Us Dollar | 0.66% |

Source: etf.net, https://etf.net/etf/CPNM. Please cite the page URL.