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About Tidal Trust II YieldMax Short COIN Option Income Strategy ETF
Expense ratio
0.99%
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Inception date
Jul 9, 2024
FIAT pursues monthly income and inverse exposure to Coinbase stock (COIN). 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. This approach involves selling COIN call options and concurrently purchasing COIN put options, typically with three- to six-month terms and at-the-money strike prices. Additionally, FIAT writes put options on COIN to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current COIN 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 COIN, especially in scenarios of significant stock appreciation. Note: FIAT does not directly invest in COIN stocks, and investors are not entitled to any COIN dividends.
Classification
What's in the fund
Exposure type
Government
Cash
Stock breakdown by region