YieldMax HOOD Option Income Strategy ETF (HOOY)Derivative Income | Exchange Traded Fund | NYSEArca
33.60 USD
+1.25
(3.864%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 34.99 +1.39 (4.137%) ⇧ (April 17, 2026, 7:50 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 18, 2026, 11:36 p.m. EDT
HOOY is a structural value trap disguised as a high-yield play. While daily dividends look large in absolute terms, the distribution history shows erratic payout sizing and significant dilution events (NAV erosion implied by the massive jump in distributions in late 2025 vs current price). The underlying strategy (selling HOOD options) has likely exuded its profits, and the double-digit percentage drop from the $80 high to current $33 levels suggests a deteriorating opportunity cost and capital preservation failure. Avoid. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.147469 |
| MSTL | 0.274368 |
| AutoETS | 0.275429 |
| AutoTheta | 0.288202 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 77% |
| H-stat | 0.29 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.053 |
| Excess Kurtosis | 1.30 |
As of April 18, 2026, 11:36 p.m. EDT: Despite a recent price surge bringing HOOY close to its 50-day average, options flow reveals a heavy speculative put wall built at strikes 60.0–68.0 (expiring June 18), representing significant outstanding interest compared to calls. Conversely, there is an outlier call 'OI wall' at 60.0–64.0, creating a potential volatility crush risk or a long-term directional bet far removed from current price levels. The implied volatility (IV) is extremely skewed, with deep OTM puts showing IV 200%+ higher than ATM calls, suggesting the market prices in massive downside risk or structural overhangs rather than immediate upside momentum. Low open interest in near-term calls (April/May) indicates a lack of market confidence in a sustained rally post-dividend.
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-16 | 0.439 | 1.357033 |
| 2026-04-09 | 0.404 | 1.478004 |
| 2026-04-02 | 0.382 | 1.419736 |
| 2026-03-26 | 0.375 | 1.387705 |
| 2026-03-19 | 0.422 | 1.493725 |
| 2026-03-12 | 0.430 | 1.502266 |
| 2026-03-05 | 0.384 | 1.306277 |
| 2026-02-26 | 0.342 | 1.186957 |
| 2026-02-19 | 0.331 | 1.202442 |
| 2026-02-12 | 0.342 | 1.306313 |
| 2026-02-05 | 0.355 | 1.361195 |
| 2026-01-29 | 0.454 | 1.254273 |
| 2026-01-22 | 0.464 | 1.231321 |
| 2026-01-15 | 0.550 | 1.418389 |
| 2026-01-08 | 0.553 | 1.383835 |
| 2026-01-02 | 0.573 | 1.443384 |
| 2025-12-26 | 0.682 | 1.685118 |
| 2025-12-18 | 0.425 | 1.067430 |
| 2025-12-11 | 0.725 | 1.737488 |
| 2025-12-04 | 1.322 | 2.918035 |
| 2025-11-28 | 0.738 | 1.709511 |
| 2025-11-20 | 0.790 | 2.099408 |
| 2025-11-13 | 0.921 | 2.165939 |
| 2025-11-06 | 1.257 | 2.850067 |
| 2025-10-30 | 1.343 | 2.810101 |
| 2025-10-23 | 0.730 | 1.559000 |
| 2025-10-16 | 5.947 | 12.912351 |
| 2025-09-18 | 3.864 | 8.909390 |
| 2025-08-21 | 3.856 | 9.784619 |
| 2025-07-24 | 6.898 | 18.048408 |
| 2025-06-26 | 6.503 | 19.721358 |
| 2025-05-29 | 3.304 | 12.447059 |
| Attribute | Value |
|---|---|
| All Time High | 80.99 |
| All Time Low | 25.852 |
| Ask | 33.82 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 72,230 |
| Average Daily Volume3 Month | 124,588 |
| Average Volume | 124,588 |
| Average Volume10Days | 72,230 |
| Beta3 Year | 0.0 |
| Bid | 33.6 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 34.42 |
| Day Low | 33.4303 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 30.25984 |
| Fifty Day Average Change | 3.3401585 |
| Fifty Day Average Change Percent | 0.11038256 |
| Fifty Two Week Change Percent | -36.39255 |
| Fifty Two Week High | 80.99 |
| Fifty Two Week High Change | -47.39 |
| Fifty Two Week High Change Percent | -0.58513397 |
| Fifty Two Week Low | 25.852 |
| Fifty Two Week Low Change | 7.747999 |
| Fifty Two Week Low Change Percent | 0.29970598 |
| Fifty Two Week Range | 25.852 - 80.99 |
| First Trade Date Milliseconds | 1,746,711,000,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,746,576,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in securities and financial instruments that provide indirect exposure to HOOD. The fund is non-diversified. |
| Long Name | YieldMax HOOD Option Income Strategy ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1884571423 |
| Nav Price | 33.6389 |
| Net Assets | 97,034,304.0 |
| Net Expense Ratio | 0.99 |
| Open | 33.66 |
| Post Market Change | 1.3900032 |
| Post Market Change Percent | 4.1369143 |
| Post Market Price | 34.99 |
| Post Market Time | 1,776,469,810 |
| Previous Close | 32.35 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.25 |
| Regular Market Change Percent | 3.86399 |
| Regular Market Day High | 34.42 |
| Regular Market Day Low | 33.4303 |
| Regular Market Day Range | 33.4303 - 34.42 |
| Regular Market Open | 33.66 |
| Regular Market Previous Close | 32.35 |
| Regular Market Price | 33.6 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 91,113 |
| Short Name | YieldMax HOOD Option Income Str |
| Source Interval | 15 |
| Symbol | HOOY |
| Total Assets | 97,034,304 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -30.95187 |
| Trailing Three Month Returns | -30.95187 |
| Triggerable | 1 |
| Two Hundred Day Average | 53.670185 |
| Two Hundred Day Average Change | -20.070187 |
| Two Hundred Day Average Change Percent | -0.37395412 |
| Type Disp | ETF |
| Volume | 91,113 |
| Ytd Return | -30.95187 |