Tidal ETF Trust II YieldMax NVDA Option Income Strategy ETFTidal ETF Trust II YieldMax NVDA Option Income Strategy ETFTidal ETF Trust II YieldMax NVDA Option Income Strategy ETF

Tidal ETF Trust II YieldMax NVDA Option Income Strategy ETF

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪1.42 B‬USD
Fund flows (1Y)
‪1.39 B‬USD
Dividend yield (indicated)
83.72%
Discount/Premium to NAV
0.1%

About Tidal ETF Trust II YieldMax NVDA Option Income Strategy ETF


Issuer
Toroso Investments Topco LLC
Brand
YieldMax
Expense ratio
1.01%
Inception date
May 10, 2023
Index tracked
No Underlying Index
Management style
Active
NVDY aims to generate monthly income while providing exposure to the price returns of Nvidia stock (NVDA), 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 NVDA by purchasing and selling at-the-money calls and puts that generally 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 NVDA's current share price. This limits participation in potential gains if NVDA 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 NVDA stocks. Thus, investors are not entitled to any NVDA dividends.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Semiconductors
Strategy
Buy-write
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Stock breakdown by region
100%
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.