Tidal Trust II YieldMax MRNA Option Income Strategy ETF

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Key stats

Assets under management (AUM)
‪20.89 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
75.15%
Discount/Premium to NAV
3.2%

About Tidal Trust II YieldMax MRNA Option Income Strategy ETF

Issuer
Tidal Investments LLC
Brand
YieldMax
Expense ratio
0.99%
Inception date
Oct 23, 2023
Index tracked
No Underlying Index
Management style
Active
ISIN
US88634T4691
MRNY aims to generate monthly income while providing exposure to the price returns of the Moderna stock (MRNA), subject to a cap on potential investment 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. The synthetic long exposure seeks to replicate the price movements of MRNA by purchasing and selling at-the-money call and put options that generally have six-month to one-year terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approx. 5%-15% above MRNAs current share price. This limits the funds participation in potential gains if MRNA shares increase in value. The short put positions fully expose investors to the downside of the stock. Lastly, the fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in Moderna stocks. Thus, investors are not entitled to any MRNA dividends.

Classification

Asset Class
Equity
Category
Sector
Focus
Health care
Niche
Biotechnology
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