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YieldMax AAPL Option Income Strategy ETF (APLY)

Derivative Income | Exchange Traded Fund | NYSEArca
12.04 USD +0.16 (1.347%) ⇧ (April 17, 2026, 3:59 p.m. EDT)
After hours: 12.00 -0.04 (-0.040%) ⇩ (April 17, 2026, 7:46 p.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ★★★★☆
Hot Take | April 18, 2026, 10:33 p.m. EDT

The 38.8%+ dividend yield is a classic 'NAV Extraction' trap worth it only for high-risk income seekers ready to lose principal. The fund is aggressively harvesting fees at the expense of the underlier's equity value, evidenced by the radically dropping dividend checks over the last year. While the shortened calling cycle creates a temporary bullish technicals setup (Call OI dominance at 13-15 strikes), the fundamental thesis is broken; any price appreciation will be immediately offset by the rapid capital payout. This is a collapse-of-principal play, not an investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.020445
AutoETS0.020445
MSTL0.020939
AutoTheta0.022444

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 80%
H-stat 0.29
Ljung-Box p 0.000
Jarque-Bera p 0.463
Excess Kurtosis -0.73

As of April 18, 2026, 10:33 p.m. EDT: Short-term data (Apr 17/May 15 expirations) shows significant naked Call Open Interest (OI) at 13.0 and 15.0 strikes, indicating strong bullish sentiment from dealers or passive players betting on upside in the immediate term. Conversely, Puts show higher OI and more recent volume activity in the 10-14 range, specifically noting recent flow (Vol > OI) below the current price, suggesting some hedging or price discovery pressure. IV is elevated on near-term puts relative to calls, hinting at somewhat more efficient hedging demand or underlying downside risk perceived by the market timer.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.61% 40.38%
Dividend History
Date Dividend Yield %
2026-04-16 0.072 0.606061
2026-04-09 0.061 0.518749
2026-04-02 0.062 0.534968
2026-03-26 0.061 0.535061
2026-03-19 0.047 0.416951
2026-03-12 0.062 0.539613
2026-03-05 0.065 0.556841
2026-02-26 0.091 0.751920
2026-02-19 0.050 0.425276
2026-02-12 0.177 1.472006
2026-02-05 0.058 0.472116
2026-01-29 0.049 0.419573
2026-01-22 0.047 0.415704
2026-01-15 0.042 0.357868
2026-01-08 0.048 0.409371
2026-01-02 0.053 0.433185
2025-12-26 0.052 0.423832
2025-12-18 0.061 0.496883
2025-12-11 0.054 0.433153
2025-12-04 0.118 0.937900
2025-11-28 0.066 0.527493
2025-11-20 0.098 0.811501
2025-11-13 0.065 0.527650
2025-11-06 0.111 0.913878
2025-10-30 0.131 1.074765
2025-10-23 0.111 0.943816
2025-10-16 0.176 1.544224
2025-09-25 0.357 3.064866
2025-08-28 0.347 3.161663
2025-07-31 0.410 4.041909
2025-07-03 0.270 2.653022
2025-06-05 0.312 3.228835
2025-05-08 0.651 6.730525
2025-04-10 0.302 3.291801
2025-03-13 0.344 3.436965
2025-02-13 0.363 3.204609
2025-01-16 0.284 2.617442
2024-12-19 0.422 3.576886
2024-11-21 0.335 2.997821
2024-10-24 0.343 3.094578
2024-09-06 0.453 4.248007
2024-08-07 0.350 3.420849
2024-07-05 0.323 2.982828
2024-06-06 0.404 4.012401
2024-05-06 0.339 3.597821
2024-04-04 0.384 4.186795
2024-03-06 0.416 4.643320
2024-02-07 0.173 1.774445
2024-01-05 0.560 5.982220
2023-12-07 0.466 4.687343
2023-11-08 0.173 1.833311
2023-10-06 0.478 5.204490
2023-09-08 0.226 2.449474
2023-08-04 0.556 5.700368
2023-07-07 0.633 6.245687
2023-06-07 0.288 3.021637
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 38.83

Info Dump

Attribute Value
All Time High 23.02
All Time Low 11.36
Ask 12.08
Ask Size 8,500
Average Daily Volume10 Day 94,640
Average Daily Volume3 Month 198,464
Average Volume 198,464
Average Volume10Days 94,640
Beta3 Year 0.0
Bid 11.65
Bid Size 1,900
Category Derivative Income
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 12.105
Day Low 11.91
Dividend Yield 38.83
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 12.0666
Fifty Day Average Change -0.026599884
Fifty Day Average Change Percent -0.0022044224
Fifty Two Week Change Percent -8.925867
Fifty Two Week High 14.35
Fifty Two Week High Change -2.3100004
Fifty Two Week High Change Percent -0.16097564
Fifty Two Week Low 11.36
Fifty Two Week Low Change 0.6800003
Fifty Two Week Low Change Percent 0.059859183
Fifty Two Week Range 11.36 - 14.35
First Trade Date Milliseconds 1,681,824,600,000
Full Exchange Name NYSEArca
Fund Family YieldMax ETFs
Fund Inception Date 1,681,689,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund will seek to employ its investment strategy as it relates to AAPL regardless of whether there are periods adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. The fund is non-diversified.
Long Name YieldMax AAPL Option Income Strategy ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_1799894171
Nav Price 12.021
Net Assets 92,435,840.0
Net Expense Ratio 1.04
Open 11.91
Post Market Change -0.03999996
Post Market Change Percent -0.3322256
Post Market Price 12.0
Post Market Time 1,776,469,589
Previous Close 11.88
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.16
Regular Market Change Percent 1.3468
Regular Market Day High 12.105
Regular Market Day Low 11.91
Regular Market Day Range 11.91 - 12.105
Regular Market Open 11.91
Regular Market Previous Close 11.88
Regular Market Price 12.04
Regular Market Time 1,776,455,990
Regular Market Volume 68,186
Short Name YieldMax AAPL Option Income Str
Source Interval 15
Symbol APLY
Total Assets 92,435,840
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -6.02266
Trailing Three Month Returns -6.02266
Triggerable 1
Two Hundred Day Average 13.01595
Two Hundred Day Average Change -0.97595024
Two Hundred Day Average Change Percent -0.0749811
Type Disp ETF
Volume 68,186
Yield 0.38830003
Ytd Return -6.02266