Bull Flagging??? Sure Looks It To MeGreat Sunday to all my TradingView peeps out there!
I present a potential play to you that not only provides a NASTY dividend yield (152.78%) but also looks to be forming a bull flag that possibly gives you an upcoming 20% increase in share price... With that being said, I'd like to present a what
Key stats
About Tidal ETF Trust II YieldMax COIN Option Income Strategy ETF
Home page
Inception date
Aug 15, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
CONY aims to generate monthly income while providing exposure to the price returns of Coinbase Global Inc. stock (COIN), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of COIN by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above COIN's current share price. This limits participation in potential gains if COIN shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in COIN stocks. Thus, investors are not entitled to any COIN dividends.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Easiest 5% I've ever made with CONYTook this quick scalp on CONY after ex div and mini jump from BTC was all I needed to get the fresh juice off CONY. Reminder to take trades only once it's past SMA 50! Not silver bullet, but I tend to do way better when I get this validation and it jumps higher so it's worth it from a timing / profi
CONY - Buy/Hold/DCA through Crypto Bull Cycle - 100%+ dividendI continue to load up on shares whenever we get into the buy zones. I also hold COIN. Both are holds for me through the BULL Crypto Cycle. IMO CONY reaches and exceeds all time high during this period. Dividends of 100%+ paid monthly are crazy good. As long as you keep your cost basis to prices down
CONY: A Very Speculative Buy w/ Chart Pattern w/Bitcoin&CoinbaseFundamentals:
CONY is a covered call strategy. If bitcoin collapses again, the CONY will go bust. It could turn into a dividend trap. It is highly speculative. However, if bitcoin propels forward or goes sideways, then these two scenarios will be best for CONY.
Technicals:
Plan: To trade CONY
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.