YieldMax CVNA Option Income Strategy ETF (CVNY)Derivative Income | Exchange Traded Fund | NYSEArca
28.44 USD
+1.65
(6.172%)
⇧
(April 17, 2026, 3:57 p.m.
EDT)
After hours: 28.94 +0.50 (1.743%) ⇧ (April 17, 2026, 7:14 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★★☆☆☆ | Dividends: ★☆☆☆☆ |
Hot Take | April 19, 2026, 1:09 a.m. EDT
CVNY is a high-volatility, low-liquidity speculative vehicle masquerading as a yield play. While the 119% annual yield is attractive on paper, it is fueled by 'churn'—the fund pays out unrealized gains or NAV accretion that will inevitably force the share price lower. The recent price rebound from lows shows technical resilience, but the lack of fundamental NAV growth means the stock is simply trading as a 'coupon bond.' Investors should treat the yield as a sign of potential capital erasure, not income generation; this is a trading vehicle for volatility events, not a long-term holdings shop. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.231277 |
| AutoETS | 0.231281 |
| MSTL | 0.233157 |
| AutoTheta | 0.268744 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 6.72 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.024 |
| Excess Kurtosis | -0.06 |
As of April 19, 2026, 1:09 a.m. EDT: Short-term sentiment is neutral to slightly cautious. Call activity is extremely thin with low Open Interest across all expirations, indicating a lack of strong directional conviction. Put activity shows concentration in out-of-the-money strikes (37, 39) at the June 18 and Sept 18 expirations with significantly higher implied volatility (2.17 and 1.40) compared to the 0.85-0.95 range seen in calls. This disparity suggests a selective hedging strategy rather than broad bearish positioning. In-the-money calls at 25-27 strikes in June have notable Open Interest, providing a mild support floor, but overall liquidity is low.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.03% | 112.74% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-16 | 0.543 | 2.026800 |
| 2026-04-09 | 0.334 | 1.343661 |
| 2026-04-02 | 0.293 | 1.226857 |
| 2026-03-26 | 0.301 | 1.307212 |
| 2026-03-19 | 0.360 | 1.596018 |
| 2026-03-12 | 0.278 | 1.247534 |
| 2026-03-05 | 0.343 | 1.388089 |
| 2026-02-26 | 0.308 | 1.182797 |
| 2026-02-19 | 0.274 | 1.104792 |
| 2026-02-12 | 0.286 | 1.126751 |
| 2026-02-05 | 0.284 | 1.014251 |
| 2026-01-29 | 0.463 | 1.494192 |
| 2026-01-22 | 0.236 | 0.689913 |
| 2026-01-15 | 0.313 | 0.934085 |
| 2026-01-08 | 0.311 | 0.964962 |
| 2026-01-02 | 0.332 | 1.128991 |
| 2025-12-26 | 0.451 | 1.415988 |
| 2025-12-18 | 0.987 | 2.958155 |
| 2025-12-11 | 0.884 | 2.595695 |
| 2025-12-04 | 0.886 | 3.040540 |
| 2025-11-28 | 0.411 | 1.493846 |
| 2025-11-20 | 0.568 | 2.364552 |
| 2025-11-13 | 0.432 | 1.781773 |
| 2025-11-06 | 0.381 | 1.693511 |
| 2025-10-30 | 0.726 | 3.120833 |
| 2025-10-23 | 0.408 | 1.601519 |
| 2025-10-16 | 1.332 | 5.207731 |
| 2025-09-18 | 1.902 | 6.937733 |
| 2025-08-21 | 2.559 | 10.237520 |
| 2025-07-24 | 2.047 | 8.413884 |
| 2025-06-26 | 1.708 | 7.412958 |
| 2025-05-29 | 4.566 | 18.890839 |
| 2025-05-01 | 2.682 | 13.793496 |
| 2025-04-03 | 2.968 | 20.614522 |
| 2025-03-06 | 3.915 | 24.761589 |
| Attribute | Value |
|---|---|
| All Time High | 58.17 |
| All Time Low | 22.07 |
| Ask | 29.0 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 21,730 |
| Average Daily Volume3 Month | 39,220 |
| Average Volume | 39,220 |
| Average Volume10Days | 21,730 |
| Beta3 Year | 0.0 |
| Bid | 28.05 |
| Bid Size | 500 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 28.99 |
| Day Low | 26.94 |
| Dividend Yield | 119.92 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 26.72814 |
| Fifty Day Average Change | 1.7159595 |
| Fifty Day Average Change Percent | 0.06420048 |
| Fifty Two Week Change Percent | -16.06964 |
| Fifty Two Week High | 48.32 |
| Fifty Two Week High Change | -19.8759 |
| Fifty Two Week High Change Percent | -0.41133898 |
| Fifty Two Week Low | 22.07 |
| Fifty Two Week Low Change | 6.3740997 |
| Fifty Two Week Low Change Percent | 0.28881285 |
| Fifty Two Week Range | 22.07 - 48.32 |
| First Trade Date Milliseconds | 1,738,333,800,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,738,108,800 |
| 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 manager uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of CVNA, which is generally subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. The fund is non-diversified. |
| Long Name | YieldMax CVNA Option Income Strategy ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1884571281 |
| Nav Price | 28.3958 |
| Net Assets | 17,504,458.0 |
| Net Expense Ratio | 1.09 |
| Open | 26.94 |
| Post Market Change | 0.4959011 |
| Post Market Change Percent | 1.7434235 |
| Post Market Price | 28.94 |
| Post Market Time | 1,776,467,652 |
| Previous Close | 26.7905 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.6536 |
| Regular Market Change Percent | 6.17233 |
| Regular Market Day High | 28.99 |
| Regular Market Day Low | 26.94 |
| Regular Market Day Range | 26.94 - 28.99 |
| Regular Market Open | 26.94 |
| Regular Market Previous Close | 26.7905 |
| Regular Market Price | 28.4441 |
| Regular Market Time | 1,776,455,875 |
| Regular Market Volume | 40,220 |
| Short Name | YieldMax CVNA Option Income Str |
| Source Interval | 15 |
| Symbol | CVNY |
| Total Assets | 17,504,458 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -22.75987 |
| Trailing Three Month Returns | -22.75987 |
| Triggerable | 1 |
| Two Hundred Day Average | 35.842396 |
| Two Hundred Day Average Change | -7.3982964 |
| Two Hundred Day Average Change Percent | -0.20641188 |
| Type Disp | ETF |
| Volume | 40,220 |
| Yield | 1.1992 |
| Ytd Return | -22.75987 |