Framework Journal · one stock, one dated entry

Recorded 2026-07-19 · Permanent

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund logoEaton Vance Tax-Managed Global Buy-Write Opportunities Fund ETW

Outside both standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management.

The label
Markup

read at $9.48

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund holds its Markup at $9.48.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-19
PhaseMarkup
Quantitative stateConsolidating, no directional conviction, held for 264 days
Price$9.48
Valuation5.51 trailing · N/A forward price to earnings
Values screenFAIL · score 30.0
Beta0.84

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Trailing P/E5.5x
very cheap relative to earnings
Revenue growth4.6%
slow but positive growth
Profit margin928.0%
highly profitable on every dollar of sales
Return on equity17.6%
a solid return on shareholder capital
Current ratio0.49
below 1 — short-term bills exceed liquid assets
Beta0.84
steadier than the market
Market cap$1.0B

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in ETW's space worth a look

Screened names in the same industry · explore each on its own page.

Where & how to trade · wherever in the world you are

ETW trades on the NYSE. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 8% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 9%. Entered 2026-07-28 · Markup

The dated journal · newest first, never edited

2026-07-28 Markup $9.48 +1.1% Entry 4

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 8% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 9%.

2026-07-18 Markup $9.38 +0.0% Entry 3

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 8% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 9%.

2026-07-03 Markup $9.38 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 Markup $9.38 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The political ledger · congressional disclosures

Disclosures naming ETW
DatePoliticianPartyTypeAmount
8 Apr2026 Richard Blumenthal Democrat buy 50K–100K
8 Apr2026 Richard Blumenthal Democrat buy 15K–50K
8 Apr2026 Richard Blumenthal Democrat buy 100K–250K
27 Apr2026 Richard Blumenthal Democrat buy 15K–50K
27 Apr2026 Richard Blumenthal Democrat buy 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $9.40 -1.9% $0.07 $988 -1.2%
2 months $9.06 +1.8% $0.13 $1,033 +3.3%
3 months $8.84 +4.4% $0.20 $1,066 +6.6%
6 months $8.84 +4.3% $0.40 $1,088 +8.8%
1 year $7.79 +18.5% $0.79 $1,286 +28.6%
2 years $6.86 +34.5% $1.58 $1,576 +57.6%
3 years $6.24 +47.7% $2.30 $1,845 +84.5%
5 years $7.24 +27.4% $3.94 $1,819 +81.9%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever ETW does next, these words stay.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund · ETW · Markup · $9.48
Recorded 2026-07-19 · before the outcome · scored mechanically

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