YieldMax Short NVDA Option Income Strategy ETF (DIPS)Derivative Income | Exchange Traded Fund | NYSEArca
38.39 USD
+1.05
(2.801%)
⇧
(July 13, 2026, 3:51 p.m.
EDT)
After hours: 38.38 -0.01 (-0.006%) ⇩ (July 13, 2026, 7:50 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 4:19 a.m. EDT
This instrument is a distressed asset masquerading as a high-yield income vehicle. The underlying strategy—selling short options on a volatile tech giant like NVIDIA—is fundamentally fragile; as the parent stock rallied massively, the premiums collected by this ETF evaporated, leading to a catastrophic 65% price collapse over the last year. While the headline yield appears astronomical at 14%, this is a mathematical artifact of the share price depression rather than sustainable cash flow. The recent price action shows a slight stabilization near the lows, but the structural damage to the NAV is severe. For a long-term holder, the compounding losses outweigh the distribution receipts. Short-term, the stock is oversold relative to its 200-day average, offering a potential bounce, but the risk of further downside remains high given the leverage inherent in the strategy. Investors here are essentially betting on a reversal of a massive trend while receiving a 'yield' that is eroding their principal. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.041544 |
| MSTL_61 | 0.044028 |
| AutoETS | 0.044224 |
| MSTL | 0.044667 |
| AutoARIMA | 0.048472 |
| MSTL_123 | 0.071119 |
| MSTL_61_123 | 0.071777 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 0.23 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.185 |
| Excess Kurtosis | -0.18 |
As of July 11, 2026, 4:19 a.m. EDT: Speculator positioning is extremely thin across all expirations, with negligible open interest and volume. The sparse data suggests a lack of active directional bets by retail or institutional traders, likely due to the niche nature of the product. Implied volatility is elevated on near-term contracts, reflecting uncertainty around the underlying NVDA price action, but there is no clear gamma exposure or hedging signal visible in the options chain.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.86% | 48.84% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-09 | 0.334 | 0.862136 |
| 2026-07-02 | 0.379 | 0.938746 |
| 2026-06-25 | 0.330 | 0.816731 |
| 2026-06-18 | 0.473 | 1.218444 |
| 2026-06-11 | 0.360 | 0.902007 |
| 2026-06-04 | 0.327 | 0.850123 |
| 2026-05-28 | 0.326 | 0.832695 |
| 2026-05-21 | 0.270 | 0.701517 |
| 2026-05-14 | 0.260 | 0.718212 |
| 2026-05-07 | 0.281 | 0.693639 |
| 2026-04-30 | 0.277 | 0.650235 |
| 2026-04-23 | 0.332 | 0.773424 |
| 2026-04-16 | 0.366 | 0.841805 |
| 2026-04-09 | 0.433 | 0.916868 |
| 2026-04-02 | 0.447 | 0.908740 |
| 2026-03-26 | 0.544 | 1.071604 |
| 2026-03-19 | 0.451 | 0.899177 |
| 2026-03-12 | 0.464 | 0.942610 |
| 2026-03-05 | 0.488 | 0.989176 |
| 2026-02-26 | 0.376 | 0.751069 |
| 2026-02-19 | 0.379 | 0.767859 |
| 2026-02-12 | 0.357 | 0.720295 |
| 2026-02-05 | 0.354 | 0.667799 |
| 2026-01-29 | 0.379 | 0.762668 |
| 2026-01-22 | 0.352 | 0.686093 |
| 2026-01-15 | 0.363 | 0.711151 |
| 2026-01-08 | 0.376 | 0.731674 |
| 2026-01-02 | 0.395 | 0.780602 |
| 2025-12-26 | 0.398 | 0.791252 |
| 2025-12-18 | 0.684 | 1.246310 |
| 2025-12-11 | 0.497 | 0.916213 |
| 2025-12-04 | 0.755 | 1.407847 |
| 2025-11-28 | 1.240 | 2.218247 |
| 2025-11-20 | 0.540 | 0.981818 |
| 2025-11-13 | 0.870 | 1.626168 |
| 2025-11-06 | 0.440 | 0.828625 |
| 2025-10-30 | 0.470 | 0.910853 |
| 2025-10-23 | 0.430 | 0.736301 |
| 2025-10-16 | 0.590 | 1.017241 |
| 2025-10-09 | 1.640 | 2.918149 |
| 2025-09-11 | 2.870 | 4.735974 |
| 2025-08-14 | 1.790 | 2.836767 |
| 2025-07-17 | 1.720 | 2.563338 |
| 2025-06-20 | 2.920 | 3.574052 |
| 2025-05-22 | 3.530 | 3.979707 |
| 2025-04-24 | 6.190 | 5.401396 |
| 2025-03-27 | 5.850 | 4.698795 |
| 2025-02-27 | 5.850 | 4.814815 |
| 2025-01-30 | 5.030 | 3.954403 |
| 2025-01-03 | 5.060 | 4.213156 |
| 2024-12-05 | 6.370 | 5.031596 |
| 2024-11-07 | 6.130 | 4.675820 |
| 2024-10-10 | 6.860 | 4.474886 |
| 2024-09-06 | 12.170 | 6.130982 |
| Attribute | Value |
|---|---|
| All Time High | 242.62 |
| All Time Low | 19.67 |
| Ask | 38.47 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 10,090 |
| Average Daily Volume3 Month | 6,940 |
| Average Volume | 6,940 |
| Average Volume10Days | 10,090 |
| Beta3 Year | 0.0 |
| Bid | 38.26 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 38.518 |
| Day Low | 37.645 |
| Dividend Yield | 14.32 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 39.70194 |
| Fifty Day Average Change | -1.3161392 |
| Fifty Day Average Change Percent | -0.0331505 |
| Fifty Two Week Change Percent | -48.77915 |
| Fifty Two Week High | 73.6 |
| Fifty Two Week High Change | -35.2142 |
| Fifty Two Week High Change Percent | -0.47845381 |
| Fifty Two Week Low | 36.09 |
| Fifty Two Week Low Change | 2.2957993 |
| Fifty Two Week Low Change Percent | 0.06361317 |
| Fifty Two Week Range | 36.09 - 73.6 |
| First Trade Date Milliseconds | 1,721,827,800,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,721,692,800 |
| 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 is an actively managed ETF that seeks current income while providing indirect inverse exposure to the share price (i.e., the price returns) of the Underlying Security,which is generally subject to participation in a portion of potential investment gains. The fund is non-diversified. |
| Long Name | YieldMax Short NVDA Option Income Strategy ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1874578789 |
| Nav Price | 38.8559 |
| Net Assets | 8,150,418.0 |
| Net Expense Ratio | 1.05 |
| Open | 37.55 |
| Post Market Change | -0.00579834 |
| Post Market Change Percent | -0.015105429 |
| Post Market Price | 38.38 |
| Post Market Time | 1,783,986,605 |
| Previous Close | 37.34 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.0458 |
| Regular Market Change Percent | 2.80075 |
| Regular Market Day High | 38.518 |
| Regular Market Day Low | 37.645 |
| Regular Market Day Range | 37.645 - 38.518 |
| Regular Market Open | 37.55 |
| Regular Market Previous Close | 37.34 |
| Regular Market Price | 38.3858 |
| Regular Market Time | 1,783,972,306 |
| Regular Market Volume | 2,089 |
| Short Name | YieldMax Short NVDA Option Inco |
| Source Interval | 15 |
| Symbol | DIPS |
| Total Assets | 8,150,418 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -11.6313 |
| Trailing Three Month Returns | -11.6313 |
| Triggerable | 1 |
| Two Hundred Day Average | 48.930706 |
| Two Hundred Day Average Change | -10.544907 |
| Two Hundred Day Average Change Percent | -0.21550694 |
| Type Disp | ETF |
| Volume | 2,089 |
| Yield | 0.1432 |
| Ytd Return | -4.50015 |