BenzingaT3·21mo ago
SMCY YieldMax SMCI Option Income Strategy ETF
ETF 7.59 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.
SMCY
$7.59
—
Key stats
$7.59
- 52-Week Range
- $3.99 – $17.67
- YTD
- -9.75%
- IV Rank (30D)
- 100.0
- Straddle Price
- $2.90
- P/C Vol Ratio
- 0.89
- Open
- $5.51
- Day Range
- $5.17 – $5.51
- Volume
- 1,164,533
- Prev Close
- $5.43
About
YieldMax SMCI Option Income Strategy ETF (SMCY) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2024-09-11
- 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
- $143M shares × price, Oct 9, 2026
- Trailing yield
- —
- Average daily volume
- $6.7M 30 sessions
- Holdings
- 16 top 10 are 107.3%
- Listed
- Sep 11, 2024 NYSE Arca
Costn/a
Liquidity61
Scale37
Diversificationn/a
Moves with. US large-cap stocks (20% of its variance, beta 2.19); Value over growth (6% of its variance, beta -0.76); Emerging markets over US (6% of its variance, beta 0.62). These factors explain 35% 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 16 holdingsFlow historyOverlap toolAll Single-Stock Option Income ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$5.5M latest reported month
- Latest 3 months
- +$31M +29.9% of assets
- Latest 12 months
- +$101M +96.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$5.5M |
| Jun 2026 | −$2.1M |
| May 2026 | +$28M |
| Apr 2026 | −$10M |
| Mar 2026 | +$13M |
| Feb 2026 | −$10M |
| Jan 2026 | −$13M |
| Dec 2025 | +$7.6M |
| Nov 2025 | −$626K |
| Oct 2025 | −$49M |
| Sep 2025 | +$22M |
| Aug 2025 | +$110M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 23 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
- 6 active of 6 with agreements; top 3 did 92%
- Created · redeemed
- $599M · $183M 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
16
AUM
$104.4M
Provider
YieldMax
Inception
2024-09-11
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
—
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 16 of 16 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TREASURY BILL | 21.06% | Debt | US |
| — | N/A | 20.35% | Derivative (equity) | US |
| — | TREASURY BILL | 20.03% | Debt | US |
| — | TREASURY BILL | 19.80% | Debt | US |
| — | TREASURY BILL | 12.93% | Debt | US |
| — | TREASURY BILL | 11.05% | Debt | US |
| — | First American Government Obli | 2.47% | Short-term investment | US |
| — | N/A | 0.96% | Derivative (equity) | US |
| — | N/A | 0.77% | Derivative (equity) | US |
| — | N/A | 0.21% | Derivative (equity) | US |
| — | N/A | 0.13% | Derivative (equity) | US |
| — | N/A | -0.27% | Derivative (equity) | US |
| — | N/A | -0.45% | Derivative (equity) | US |
| — | N/A | -1.52% | Derivative (equity) | US |
| — | N/A | -1.93% | Derivative (equity) | US |
| — | N/A | -7.76% | Derivative (equity) | US |
Non-Equity Breakdown
YieldMax(R) Smci Option Income Strategy ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$104M
· 16 total positions
· equity 0.00%
· non-equity 97.83%
Non-equity holdings
— 16 positions,
97.83% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 84.88% | $88.6M | 5 |
| Derivative (equity) | 10.48% | $10.9M | 10 |
| Short-term investment | 2.47% | $2.6M | 1 |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | -12.88% | -9.51% | -11.20% |
| Feb | -- | 22.31% | 1.68% | 11.99% |
| Mar | -- | -9.42% | -29.38% | -19.40% |
| Apr | -- | -16.60% | 5.12% | -5.74% |
| May | -- | 7.63% | 40.35% | 23.99% |
| Jun | -- | 6.26% | -37.38% | -15.56% |
| Jul | -- | 2.27% | -7.50% | -2.62% |
| Aug | -- | -28.55% | 16.74% | -5.91% |
| Sep | -3.31% | 7.00% | 1.72% | 1.80% |
| Oct | -31.39% | -9.04% | -0.19%* | -13.54% |
| Nov | -3.95% | -34.77% | -- | -19.36% |
| Dec | -25.27% | -14.01% | -- | -19.64% |
| Total | -52.38% | -63.28% | -34.19% | -49.95% |
* Only 3 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: $5.38
SMA 50: $5.26
SMA 200: $6.27
Current: $5.34
EMA 12: $5.45
EMA 26: $5.39
MACD: 0.0603 | Signal: -0.0071
BULLISH
ADX (14): 10.49
RANGE
+DI: 23.01
−DI: 23.38
Momentum Oscillators
RSI (14): 48.69
NEUTRAL
Stoch %K: 56.83
Stoch %D: 71.51
Williams %R: -67.21
Volume & Volatility
BB Upper: $5.75
BB Lower: $5.02
NEUTRAL
OBV: 4,343,967
Vol SMA 20: 1,111,039
Vol ROC: -17.35%
ATR: $0.24
True Range: $0.33
HV 20: 46.5%
HV 30: 46.5%
HV 60: 64.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
Here is my report:
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Technical signals are mixed, with a bullish MACD signal but neutral RSI reading.
- Recent news headlines are positive, driving the stock price higher.
Primary risks:
- High volatility, which could lead to significant moves in either direction.
- The options market is pricing in a $2.90 move by expiration, indicating potential for further price swings.
Investment thesis: The stock's recent strength can be attributed to positive news headlines and technical momentum. However, the high volatility and mixed technical signals suggest that caution should be exercised when considering an investment.
Recent news sentiment impact: The two recent news headlines are both positive, driving the stock price higher. This has contributed to the current uptrend.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - Bullish
Support/Resistance Levels:
- Key price levels from moving averages:
- SMA 20: $5.35
- EMA 12: $5.34
- Resistance: Upper Bollinger Band: $5.71
- Support: Lower Bollinger Band: $4.98
Momentum Signals:
- RSI interpretation: Neutral (58.91)
- MACD signal: Bullish
- Bollinger Bands position: Neutral (price touching middle band)
Volume Analysis: Volume trends and institutional interest signals:
- On-Balance Volume (OBV): 4209677.26 (upward trend)
- Volume Rate of Change: -29.41% (volume is decreasing)
News & Sentiment Analysis
Recent Headlines Summary: Key themes from last 10 news articles:
- Positive news headlines on YieldMax™ ETFs, driving the stock price higher.
Sentiment Assessment: Aggregate news sentiment (positive/negative/neutral):
- Sentiment: POSITIVE
Catalyst Identification: Upcoming events, earnings, product launches, regulatory changes:
- No upcoming catalysts identified.
Market Narrative: How news aligns with or contradicts technical signals:
- News headlines are driving the stock price higher, which is supported by the bullish MACD signal.
Risk & Volatility Assessment
Beta Interpretation: Risk relative to market (beta >1.2 = high risk, <0.8 = defensive):
- Beta: 3.14 (vs SPY) - High risk
Volatility Regime: Current vs historical volatility levels:
- Stock Volatility: 0.76 - Higher than historical average
Options Market Signals:
- IV Rank: 98.2% (High)
- Current IV: 199.9%
- Expected Move: $2.90 (18 DTE), 7-DTE: $2.90
- Volume Flow: 27 calls vs 24 puts
- Open Interest: 211 calls vs 50 puts
- Put/Call Volume Ratio: 0.89 (Neutral sentiment)
- Put/Call OI Ratio: 0.24
Downside Protection: Support levels and risk management considerations:
- Lower Bollinger Band: $4.98
Market Context & Positioning
Sector Performance: Relative strength vs sector/market:
- No data available.
Institutional Activity: Volume patterns suggesting institutional interest signals:
- On-Balance Volume (OBV): 4209677.26 (upward trend)
Correlation Analysis: How stock moves relative to market (R-squared interpretation):
- Correlation: 0.53 - Weak positive correlation
Relative Valuation: Position within trading range:
- No data available.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $5.71
- Lower Bollinger Band: $4.98
Breakout/Breakdown Levels:
- None identified.
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches:
- No time-sensitive catalysts identified.
Risk Management: Stop-loss levels and position sizing considerations:
- Consider setting a stop-loss at the Lower Bollinger Band: $4.98.
- Use position sizing to manage risk based on volatility and market conditions.
Generated
News
All SMCY news →
GlobeNewswire Inc.T3·24mo ago
SMCY Options Activity & IV Rank
SMCY IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 161.7%
7-DTE IV: 161.7%
Expected Move: $2.90
7-DTE Move: $2.90
Days to Exp: 18 (2026-03-20)
Options Flow
Call Volume: 27
Put Volume: 24
P/C Volume: 0.889
NEUTRAL
Call OI: 211
Put OI: 50
P/C OI: 0.237
Total OI: 261
ATM Options Pricing
ATM Call: $1.80
ATM Put: $1.10
Call %: 23.7%
Put %: 14.5%
Chain Summary
Chain Volume: 477
Chain OI: 3,187
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
TYPICAL γ
Estimated net dealer gamma is at the 23rd 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
23%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
-0.74
δ-sensitivity to IV
Charm tilt
+0.54
δ-decay vs time
Vanna tilt -0.74: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.54: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 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)82.0HighMar 2
IV Rank (30 DTE)100.0HighMar 2
Straddle Price (30 DTE)$2.90Mar 2
Beta Analysis
Risk Metrics
Beta: 3.1409
Alpha: -137.21%
Correlation: 0.5318
R-Squared: 28.3%
Stock Volatility: 77.0%
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
SMCY 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$347.62K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $164.45K | 47.31% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $97.15K | 27.95% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $86.02K | 24.75% | 2026-06-30 |
3 filers$699.80K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $471.59K | 67.39% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $116.38K | 16.63% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $111.83K | 15.98% | 2026-06-30 |
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|