Zacks Investment ResearchT3·28mo ago
NVDY YieldMax NVDA Option Income Strategy ETF
ETF 11.68 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. 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.
NVDY
$11.68
—
Key stats
$11.68
- 52-Week Range
- $11.57 – $17.57
- YTD
- -20.11%
- Straddle Price
- $0.90
- P/C Vol Ratio
- 0.90
- Open
- $11.87
- Day Range
- $11.62 – $11.91
- Volume
- 1,276,065
- Prev Close
- $12.07
About
YieldMax NVDA Option Income Strategy ETF (NVDY) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2023-05-10
- Has Options
- Yes
Fund profile
holdings as of Oct 22, 2026issuer datathrough 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
- 1.09% prospectus, filed Feb 24, 2026
- Assets
- $1.4B SEC filing, Jul 31, 2026
- Trailing yield
- 52.69% paid weekly
- Average daily volume
- $23M 30 sessions
- Holdings
- 14 top 10 are 95.9%
- Listed
- May 10, 2023 NYSE Arca
- Last fee change
- -18 bp filed Feb 24, 2026
Cost9
Liquidity79
Scale79
Diversificationn/a
Moves with. Value over growth (44% of its variance, beta -1.19); US large-cap stocks (18% of its variance, beta 0.68). These factors explain 61% of its daily moves over the last year.
Stated objective. The Funds primary investment objective is to seek current income. (from the fund's prospectus)
All 14 holdingsFlow historyOverlap toolAll Single-Stock Option Income ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$30M latest reported month
- Latest 3 months
- +$144M +10.6% of assets
- Latest 12 months
- +$30M +2.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$30M |
| Jun 2026 | +$32M |
| May 2026 | +$82M |
| Apr 2026 | −$3.5M |
| Mar 2026 | +$48M |
| Feb 2026 | −$113M |
| Jan 2026 | −$47M |
| Dec 2025 | +$3.8M |
| Nov 2025 | −$21M |
| Oct 2025 | +$14M |
| Sep 2025 | −$16M |
| Aug 2025 | +$22M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 39 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MSTYYieldMax MSTR Option Income Strategy ETF | — | 1.03% | $757M | −74.9% | compare |
| TSLYYieldMax TSLA Option Income Strategy ETF | — | 1.07% | $642M | −47.5% | compare |
| AMDYYieldMax AMD Option Income Strategy ETF | — | 1.00% | $383M | −9.3% | compare |
| CONYYieldMax COIN Option Income Strategy ETF | — | 1.04% | $326M | −71.1% | compare |
| PLTYYieldMax PLTR Option Income Strategy ETF | — | 1.07% | $303M | −40.0% | compare |
The largest other funds in the Single-Stock Option Income category.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 6 active of 6 with agreements; top 3 did 99%
- Created · redeemed
- $1.8B · $695M 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 2026-10-22
Holdings
14
AUM
$1.4B
Provider
YieldMax
Inception
2023-05-10
Exchange
ARCX
Data As Of
2026-10-22
Expense Ratio
1.09%
Dividend Yield
52.69%
Distribution
Weekly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-22 | 2026-10-23 | $0.0570 | CD |
| 2026-10-15 | 2026-10-16 | $0.0797 | CD |
| 2026-10-08 | 2026-10-09 | $0.0761 | CD |
| 2026-10-01 | 2026-10-02 | $0.0874 | CD |
| 2026-09-24 | 2026-09-25 | $0.0995 | CD |
| 2026-09-17 | 2026-09-18 | $0.0889 | CD |
Asset Allocation
Top Holdings
top 14 of 14 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | United States Treasury Note/Bond 3.375% 09/15/2027 | 18.91% | Treasury | US |
| — | United States Treasury Bill 02/18/2027 | 18.05% | Treasury | US |
| — | United States Treasury Note/Bond 2.375% 05/15/2027 | 17.98% | Treasury | US |
| — | United States Treasury Bill 07/08/2027 | 17.83% | Treasury | US |
| — | United States Treasury Bill 12/10/2026 | 14.55% | Treasury | US |
| — | NVDA US 11/20/26 C210 | 8.24% | Derivative | — |
| — | Cash & Other | 4.89% | Cash/Money Market | — |
| — | First American Government Obligations Fund 12/01/2031 | 2.93% | Cash/Money Market | — |
| — | NVDA US 10/23/26 C227.5 | 0.15% | Derivative | — |
| — | 2NVDA US 11/20/26 C210.01 FLX | 0.10% | Derivative | — |
| — | NVDA US 10/23/26 C230 | 0.06% | Derivative | — |
| — | NVDA US 10/23/26 C222.5 | -0.50% | Derivative | — |
| — | NVDA US 10/23/26 C220 | -0.89% | Derivative | — |
| — | 2NVDA US 11/20/26 P210.01 FLX | -2.31% | Derivative | — |
Non-Equity Breakdown
YieldMax(R) Nvda Option Income Strategy ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$1.36B
· 16 total positions
· equity 0.00%
· non-equity 97.99%
Non-equity holdings
— 16 positions,
97.99% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 93.83% | $1.27B | 5 |
| Short-term investment | 2.11% | $28.6M | 1 |
| Derivative (equity) | 2.05% | $27.8M | 10 |
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 11.88% | -21.21% | -0.07% | -3.13% |
| Feb | -- | 15.86% | -0.98% | -6.73% | 2.72% |
| Mar | -- | -3.16% | -7.74% | -4.98% | -5.29% |
| Apr | -- | -13.14% | -7.70% | 2.98% | -5.95% |
| May | 14.66% | 15.13% | 5.25% | 0.07% | 8.78% |
| Jun | -0.99% | -1.81% | 6.75% | -11.46% | -1.88% |
| Jul | 0.93% | -9.75% | 5.78% | -2.98% | -1.50% |
| Aug | 4.11% | 1.32% | -2.40% | 2.93% | 1.49% |
| Sep | -11.91% | 3.05% | 2.56% | 1.92% | -1.10% |
| Oct | -8.99% | 7.11% | -0.65% | -8.44%* | -2.74% |
| Nov | 2.80% | -0.08% | -15.61% | -- | -4.30% |
| Dec | 4.39% | -7.89% | 0.21% | -- | -1.10% |
| Total | 2.63% | 14.50% | -33.60% | -24.70% | -10.29% |
* 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: $12.44
SMA 50: $12.54
SMA 200: $13.23
Current: $11.63
EMA 12: $12.11
EMA 26: $12.33
MACD: -0.2209 | Signal: -0.0955
BEARISH
ADX (14): 22.00
WEAK TREND
+DI: 15.75
−DI: 36.80
Momentum Oscillators
RSI (14): 34.98
NEUTRAL
Stoch %K: 14.42
Stoch %D: 15.06
Williams %R: -99.04
Volume & Volatility
BB Upper: $13.34
BB Lower: $11.54
NEUTRAL
OBV: -68,241,626
Vol SMA 20: 1,840,377
Vol ROC: -35.92%
ATR: $0.29
True Range: $0.45
HV 20: 25.9%
HV 30: 24.6%
HV 60: 28.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: BULLISH (confidence level: 6/10)
Key Drivers:
- Technical indicators suggest a bullish trend, with the MACD indicating a strong momentum signal.
- Recent news headlines are neutral, providing no significant catalysts for a price move.
Primary Risks:
- High volatility and beta relative to the market may amplify potential losses.
- The options market is pricing in a moderate movement by expiration.
Investment Thesis: NVDY presents a relatively attractive risk-reward profile, with a strong technical trend and reasonable valuation. However, high volatility and beta pose significant risks that investors should carefully consider when entering or adjusting their positions.
Recent News Sentiment Impact: Neutral news headlines from the past 10 articles have not had a material impact on the stock price.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Uptrend
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Upper: $13.29
- Middle: $12.73
- Lower: $12.18
Momentum Signals: RSI interpretation: Neutral (52.60) MACD signal: Bullish Bollinger Bands position: Squeeze
Volume Analysis: Volume SMA 20: 1894106.85 On-Balance Volume (OBV): -50010735.63 (bearish) Volume Rate of Change: -27.60% (bearish)
News & Sentiment Analysis
Recent Headlines Summary:
- Neutral news headlines from the past 10 articles have not had a material impact on the stock price.
Sentiment Assessment: Aggregate news sentiment is neutral, with no significant catalysts or market-moving events reported.
Catalyst Identification: No imminent earnings reports or product launches scheduled.
Market Narrative: The neutral news sentiment aligns with the current technical trend, which suggests a range-bound market with limited upside potential in the short term.
Risk & Volatility Assessment
Risk Assessment:
- Beta: 1.58 (high risk relative to SPY)
- Volatility Regime: High volatility - stock moves more than market
- Options Market Signals:
- IV Rank: 60.0% (Medium - shows if volatility is historically high/low)
- Current IV: 80.8%
- Expected Move: $0.82 (18 DTE), 7-DTE: $0.82
Downside Protection: Support levels: $12.18, $11.90 Risk Management considerations: Consider stop-loss levels at $12.50 and position sizing to manage risk.
Market Context & Positioning
Sector Performance:
- NVDY is relatively strong within the Technology sector.
Institutional Activity:
- Volume patterns suggest institutional interest in the stock.
Correlation Analysis:
- R-squared interpretation indicates a moderate correlation between NVDY and the broader market.
Relative Valuation: NVDY is trading near its historical average valuation.
Key Levels & Action Items
Critical Price Levels:
- Support: $12.18, $11.90
- Resistance: $13.29, $14.10
Breakout/Breakdown Levels:
- Breakout above $13.50 could lead to further upside potential.
- Breakdown below $12.00 could signal a bearish trend.
Time-Sensitive Catalysts: No immediate earnings reports or product launches scheduled.
Risk Management: Consider stop-loss levels at $12.50 and position sizing to manage risk.
Generated
News
All NVDY news →
Seeking AlphaT3·29mo ago
Zacks Investment ResearchT3·32mo ago
Seeking AlphaT3·32mo ago
NVDY Options Activity & IV Rank
Volatility Metrics
Current IV: —
7-DTE IV: —
Expected Move: $0.90
7-DTE Move: $0.90
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 196
Put Volume: 176
P/C Volume: 0.898
NEUTRAL
Call OI: 4,125
Put OI: 2,628
P/C OI: 0.637
Total OI: 6,753
ATM Options Pricing
ATM Call: $0.15
ATM Put: $0.75
Call %: 1.3%
Put %: 6.4%
Chain Summary
Chain Volume: 1,780
Chain OI: 28,480
Last Updated: 10/22/2026
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
TYPICAL γ
Estimated net dealer gamma is at the 45th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
45%
vs own history
GEX tilt
+0.31
OI-weighted, today
Vanna tilt
-0.01
δ-sensitivity to IV
Charm tilt
-0.53
δ-decay vs time
Charm tilt -0.53: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 16 ATM contracts, 8k 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
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 31.2% / 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)
IV Rank (30 DTE)
Straddle Price (30 DTE)$0.90Oct 22
Beta Analysis
Risk Metrics
Beta: 1.5853
Alpha: -46.60%
Correlation: 0.6458
R-Squared: 41.7%
Stock Volatility: 31.3%
Market Volatility: 12.8%
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
NVDY 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.
3 filers$4.09M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.94M | 47.51% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.88M | 45.84% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $272.44K | 6.66% | 2026-06-30 |
4 filers$9.44M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $3.31M | 35.05% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $2.98M | 31.56% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $2.80M | 29.60% | 2026-06-30 |
| 4 | Belvedere Trading LLC | $357.03K | 3.78% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
3.07M
SI % of Float
—
Days to Cover
2.13
Short Vol Ratio
28.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|