Key stats
About Tidal Trust II YieldMax Short NVDA Option Income Strategy ETF
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Inception date
Jul 23, 2024
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
DIPS pursues monthly income and inverse exposure to Nvidia stock (NVDA). It employs a synthetic covered put strategy, leveraging options to achieve its objectives. The strategy places a cap on potential gains when the shares decrease in value. The approach involves selling NVDA call options and concurrently purchasing NVDA put options, typically with three- to six-month terms and at-the-money strike prices. Additionally, DIPS writes put options on NVDA to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current NVDA share price. The fund holds short-term US Treasury securities as collateral. It also purchases out-of-the-money call options to manage potential losses from its short exposure to NVDA, especially in scenarios of significant stock appreciation. Note: DIPS does not directly invest in NVDA stocks, and investors are not entitled to any NVDA dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Mutual fund
Bonds, Cash & Other100.00%
Government63.42%
Cash36.02%
Mutual fund16.48%
Rights & Warrants−15.91%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history