Zacks Investment ResearchT3·31mo ago
MRNY YieldMax MRNA Option Income Strategy ETF
ETF 19.87 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
MRNY
$19.87
—
Key stats
$19.87
- 52-Week Range
- $13.60 – $43.73
- YTD
- +31.68%
- IV Rank (30D)
- 6.09
- Straddle Price
- $10.00
- P/C Vol Ratio
- 0.29
- Open
- $39.80
- Day Range
- $39.63 – $43.73
- Volume
- 544,379
- Prev Close
- $39.67
About
YieldMax MRNA Option Income Strategy ETF (MRNY) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2023-10-23
- Has Options
- Yes
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
Sells options for income. Distributions can exceed what the strategy earns, in which case part of the payout is the fund's own capital. Compare the distribution rate with the price change in the ETF lab.
- Expense ratio
- —
- Assets
- $236M shares × price, Oct 9, 2026
- Trailing yield
- —
- Average daily volume
- $11M 30 sessions
- Holdings
- 15 top 10 are 129.3%
- Listed
- Oct 23, 2023 NYSE Arca
Costn/a
Liquidity68
Scale51
Diversificationn/a
Moves with. US large-cap stocks (7% of its variance, beta 1.11); Small caps over large (5% of its variance, beta 1.05). These factors explain 16% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Funds primary investment objective is to seek current income. (from the fund's prospectus)
All 15 holdingsFlow historyOverlap toolAll Single-Stock Option Income ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$21M latest reported month
- Latest 3 months
- +$31M +28.9% of assets
- Latest 12 months
- +$43M +39.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$21M |
| Jun 2026 | +$13M |
| May 2026 | −$3.3M |
| Apr 2026 | −$25M |
| Mar 2026 | +$38M |
| Feb 2026 | +$3.9M |
| Jan 2026 | +$2.5M |
| Dec 2025 | −$11M |
| Nov 2025 | −$4.4M |
| Oct 2025 | −$2.0M |
| Sep 2025 | +$1.5M |
| Aug 2025 | +$8.4M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 34 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| NVDYYieldMax NVDA Option Income Strategy ETF | — | — | $1.4B | −26.1% | compare |
| MSTYYieldMax MSTR Option Income Strategy ETF | — | — | $1.1B | −77.6% | compare |
| TSLYYieldMax TSLA Option Income Strategy ETF | — | — | $698M | −47.1% | compare |
| AMDYYieldMax AMD Option Income Strategy ETF | — | — | $450M | −6.5% | compare |
| PLTYYieldMax PLTR Option Income Strategy ETF | — | — | $397M | −40.8% | compare |
The largest other funds in the Single-Stock Option Income category.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 4 active of 4 with agreements; top 3 did 100%
- Created · redeemed
- $208M · $37M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
15
AUM
$106.9M
Provider
YieldMax
Inception
2023-10-23
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
—
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 15 of 15 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TREASURY BILL | 33.94% | Debt | US |
| — | TREASURY BILL | 32.95% | Debt | US |
| — | TREASURY BILL | 28.32% | Debt | US |
| — | TREASURY BILL | 16.71% | Debt | US |
| — | TREASURY BILL | 14.51% | Debt | US |
| — | First American Government Obli | 9.02% | Short-term investment | US |
| — | N/A | 2.81% | Derivative (equity) | US |
| — | N/A | 0.01% | Derivative (equity) | US |
| — | N/A | 0.00% | Derivative (equity) | US |
| — | N/A | 0.00% | Derivative (equity) | US |
| — | N/A | 0.00% | Derivative (equity) | US |
| — | N/A | 0.00% | Derivative (equity) | US |
| — | N/A | 0.00% | Derivative (equity) | US |
| — | N/A | -0.01% | Derivative (equity) | US |
| — | N/A | -38.89% | Derivative (equity) | US |
Non-Equity Breakdown
YieldMax(R) Mrna Option Income Strategy ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$107M
· 15 total positions
· equity 0.00%
· non-equity 99.39%
Non-equity holdings
— 15 positions,
99.39% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 126.44% | $135.1M | 5 |
| Short-term investment | 9.02% | $9.6M | 1 |
| Derivative (equity) | -36.07% | $-38548931 | 9 |
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | -15.22% | -20.38% | 25.25% | -3.45% |
| Feb | -- | -5.43% | -19.34% | 9.13% | -5.21% |
| Mar | -- | 4.12% | -11.25% | -7.24% | -4.79% |
| Apr | -- | -0.43% | -0.38% | -14.77% | -5.19% |
| May | -- | -10.12% | -5.14% | -0.32% | -5.19% |
| Jun | -- | -20.35% | -3.29% | 28.44% | 1.60% |
| Jul | -- | 2.65% | -8.68% | -26.70% | -10.91% |
| Aug | -- | -15.93% | -15.53% | 128.05% | 32.20% |
| Sep | -- | -10.23% | 1.14% | 12.41% | 1.11% |
| Oct | -3.72% | -15.62% | -8.24% | 12.27%* | -3.83% |
| Nov | -1.83% | -23.73% | -3.82% | -- | -9.79% |
| Dec | 19.81% | -7.88% | 3.30% | -- | 5.08% |
| Total | 13.24% | -72.67% | -62.95% | 191.87% | 17.37% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $38.33
SMA 50: $30.88
SMA 200: $20.99
Current: $43.63
EMA 12: $39.85
EMA 26: $37.08
MACD: 2.7725 | Signal: -0.1908
BULLISH
ADX (14): 49.35
STRONG TREND
+DI: 38.77
−DI: 11.97
Momentum Oscillators
RSI (14): 67.06
NEUTRAL
Stoch %K: 78.60
Stoch %D: 72.50
Williams %R: -1.30
Volume & Volatility
BB Upper: $44.71
BB Lower: $31.95
NEUTRAL
OBV: 3,909,209
Vol SMA 20: 308,315
Vol ROC: 122.32%
ATR: $2.56
True Range: $4.10
HV 20: 64.4%
HV 30: 62.5%
HV 60: 219.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with a confidence level of 6/10.
Key Drivers:
- Technical trends are showing signs of strengthening, but there is no clear direction.
- Recent news headlines have been neutral, providing little support or resistance.
- Risk metrics indicate high volatility, which may impact investment decisions.
Primary Risks:
- Volatility: High risk due to beta being above 1.5 and historical volatility exceeding the market's.
- Market sentiment: Neutral news headlines have not provided significant catalysts for a directional move.
- Earnings: No recent earnings data available, making it difficult to assess future performance.
Investment Thesis: MRNY is a volatile stock with mixed signals from technical indicators. The options market suggests there may be a potential move of around $10.00 by expiration, but this should be viewed as high-risk due to the stock's volatility. A neutral assessment is provided, and investors should consider their individual risk tolerance when making decisions.
Recent News Sentiment Impact: The recent news headlines have been neutral, with no significant impact on the stock price or sentiment.
Technical Analysis
Trend Direction: Medium-term trend is neutral, with short-term and long-term trends being bearish.
Support/Resistance Levels:
- SMA 20: $28.05
- EMA 12: $32.18
- Upper Bollinger Band: $46.67
Momentum Signals: RSI (14) is at 61.48, indicating a neutral reading. MACD signal line crossover above the MACD line indicates bullish momentum.
Volume Analysis:
- Volume SMA 20: 474066.28
- OBV: 1975842.86
- Volume Rate of Change: -69.86%
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines, with no significant impact on the stock price or sentiment.
Sentiment Assessment: Neutral sentiment from recent news headlines.
Catalyst Identification: No upcoming earnings dates available.
Market Narrative: The market narrative is neutral, with no clear direction or catalysts.
Risk & Volatility Assessment
Beta Interpretation: Beta of 1.51 indicates high risk relative to the market.
Volatility Regime: High volatility regime due to historical volatility exceeding the market's.
Options Market Signals: IV Rank: 7.1% (Low) Current IV: 141.8% Expected Move: $10.00 (18 DTE)
Market Context & Positioning
Sector Performance: No sector information available. Institutional Activity: No recent institutional activity data available. Correlation Analysis: Correlation with the market is low (0.11). Relative Valuation: The stock's relative valuation is neutral within its trading range.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $28.05
- EMA 12: $32.18
- Upper Bollinger Band: $46.67
Breakout/Breakdown Levels: No clear levels available. Time-Sensitive Catalysts: No upcoming earnings dates or other time-sensitive events available.
Risk Management: Stop-loss levels and position sizing considerations should be adjusted based on individual risk tolerance and market conditions.
This report provides a comprehensive analysis of MRNY, considering technical indicators, options metrics, beta analysis, market data, and recent news headlines. The overall assessment is neutral, with high-risk warnings due to the stock's volatility.
Generated
News
All MRNY news →
MRNY Options Activity & IV Rank
MRNY IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 75.3%
7-DTE IV: 54.4%
Expected Move: $10.00
7-DTE Move: $10.00
Days to Exp: 18 (2026-03-20)
Options Flow
Call Volume: 21
Put Volume: 6
P/C Volume: 0.286
BULLISH
Call OI: 28
Put OI: 116
P/C OI: 4.143
Total OI: 144
ATM Options Pricing
ATM Call: $5.00
ATM Put: $5.00
Call %: 25.2%
Put %: 25.2%
Chain Summary
Chain Volume: 240
Chain OI: 804
Last Updated: 3/2/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 10th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
10%
vs own history
GEX tilt
+0.20
OI-weighted, today
Vanna tilt
+0.55
δ-sensitivity to IV
Charm tilt
-0.19
δ-decay vs time
Vanna tilt +0.55: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)0.3LowMar 2
IV Rank (30 DTE)6.1LowMar 2
Straddle Price (30 DTE)$10.00Mar 2
Beta Analysis
Risk Metrics
Beta: 1.6002
Alpha: 158.49%
Correlation: 0.1152
R-Squared: 1.3%
Stock Volatility: 181.0%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
MRNY Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$479.96K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $479.96K | 100.00% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|