YieldMax MARA Option Income Strategy ETF (MARO)Derivative Income | Exchange Traded Fund | NYSEArca
6.46 USD
-0.02
(-0.309%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 6.52 +0.06 (0.929%) ⇧ (April 17, 2026, 7:58 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 6:30 p.m. EDT
MARO is a high-burn capital machine disguised as an income vehicle. The recent rally to nearly double the yearly low has not altered the fundamental dividend destruction rate, which remains evidence of 200% annualized payouts. The forecat model explicitly predicts a ~3.8% decline over the next 45 days, driven by the momentum exhaustion of the recent 'news-driven' spike. While the short-term chart looks intact, the divergence between the rally and the heavy OTM put positioning suggests a 'gap and chop' scenario is more likely than another breakthrough. Hold only for dividend reinvestment at below-cost entries; avoid new capital. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.144834 |
| AutoARIMA | 0.163530 |
| AutoETS | 0.165395 |
| MSTL | 0.178891 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.70 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.890 |
| Excess Kurtosis | 0.23 |
As of April 19, 2026, 6:30 p.m. EDT: Options data reveals a strong narrative cap on the upside despite recent price gains. April 17 Call Activity is heavily skewed toward OTM strikes ($7), suggesting bullish momentum playing has executed. Conversely, June 18 and June 17 Put Activity shows significant open interest concentration at OTM strikes ($8, $9, $12, $13) with fresh call volume exceeding open interest. This structure indicates speculators are positioning for volatility containment rather than a massive parabolic move. The mismatch between the recent rally and the heavy OTM put positioning suggests the current price action may be fueling a disappointing expiration forwęgt-term longs, while the high implied volatility on short-dated calls ($6.77 ATM IV vs $0.65 longer dated) confirms an expensive premium for near-term directional bets.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.65% | 164.97% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-16 | 0.107 | 1.651235 |
| 2026-04-09 | 0.110 | 1.916748 |
| 2026-04-02 | 0.077 | 1.438562 |
| 2026-03-26 | 0.089 | 1.708724 |
| 2026-03-19 | 0.117 | 2.092593 |
| 2026-03-12 | 0.098 | 1.785869 |
| 2026-03-05 | 0.101 | 1.831507 |
| 2026-02-26 | 0.097 | 1.837785 |
| 2026-02-19 | 0.093 | 1.833374 |
| 2026-02-12 | 0.091 | 1.915875 |
| 2026-02-05 | 0.099 | 2.286721 |
| 2026-01-29 | 0.127 | 2.067795 |
| 2026-01-22 | 0.139 | 2.204978 |
| 2026-01-15 | 0.119 | 1.810419 |
| 2026-01-08 | 0.132 | 2.059430 |
| 2026-01-02 | 0.129 | 2.074204 |
| 2025-12-26 | 0.144 | 2.361243 |
| 2025-12-18 | 0.058 | 0.954680 |
| 2025-12-11 | 0.164 | 2.261173 |
| 2025-12-04 | 0.244 | 3.282099 |
| 2025-11-28 | 0.190 | 2.622327 |
| 2025-11-20 | 0.217 | 3.375545 |
| 2025-11-13 | 0.267 | 3.358138 |
| 2025-11-06 | 0.295 | 3.084623 |
| 2025-10-30 | 0.338 | 3.204877 |
| 2025-10-23 | 0.363 | 3.250059 |
| 2025-10-16 | 0.304 | 2.628385 |
| 2025-10-09 | 1.577 | 13.324670 |
| 2025-09-11 | 0.938 | 9.177804 |
| 2025-08-14 | 1.004 | 9.998594 |
| 2025-07-17 | 2.372 | 19.342119 |
| 2025-06-20 | 1.207 | 12.679628 |
| 2025-05-22 | 1.973 | 19.284200 |
| 2025-04-24 | 1.847 | 20.267020 |
| 2025-03-27 | 1.478 | 16.631234 |
| 2025-02-27 | 1.558 | 17.074421 |
| 2025-01-30 | 2.100 | 17.174320 |
| 2025-01-03 | 2.495 | 19.978422 |
| Attribute | Value |
|---|---|
| All Time High | 53.06 |
| All Time Low | 5.037 |
| Ask | 6.75 |
| Ask Size | 1,000 |
| Average Daily Volume10 Day | 208,570 |
| Average Daily Volume3 Month | 281,988 |
| Average Volume | 281,988 |
| Average Volume10Days | 208,570 |
| Beta3 Year | 0.0 |
| Bid | 6.47 |
| Bid Size | 500 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 6.7206 |
| Day Low | 6.42 |
| Dividend Yield | 279.66 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.8568 |
| Fifty Day Average Change | 0.60319996 |
| Fifty Day Average Change Percent | 0.10299139 |
| Fifty Two Week Change Percent | -70.12026 |
| Fifty Two Week High | 27.06 |
| Fifty Two Week High Change | -20.599998 |
| Fifty Two Week High Change Percent | -0.7612712 |
| Fifty Two Week Low | 5.037 |
| Fifty Two Week Low Change | 1.4229999 |
| Fifty Two Week Low Change Percent | 0.2825094 |
| Fifty Two Week Range | 5.037 - 27.06 |
| First Trade Date Milliseconds | 1,733,841,000,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,733,702,400 |
| 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 MARA. The fund is non-diversified. |
| Long Name | YieldMax MARA Option Income Strategy ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1884571721 |
| Nav Price | 6.5067 |
| Net Assets | 47,645,784.0 |
| Net Expense Ratio | 1.0 |
| Open | 6.56 |
| Post Market Change | 0.059999943 |
| Post Market Change Percent | 0.9287917 |
| Post Market Price | 6.52 |
| Post Market Time | 1,776,470,293 |
| Previous Close | 6.48 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.02 |
| Regular Market Change Percent | -0.308642 |
| Regular Market Day High | 6.7206 |
| Regular Market Day Low | 6.42 |
| Regular Market Day Range | 6.42 - 6.7206 |
| Regular Market Open | 6.56 |
| Regular Market Previous Close | 6.48 |
| Regular Market Price | 6.46 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 296,734 |
| Short Name | YieldMax MARA Option Income Str |
| Source Interval | 15 |
| Symbol | MARO |
| Total Assets | 47,645,784 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -12.32408 |
| Trailing Three Month Returns | -12.32408 |
| Triggerable | 1 |
| Two Hundred Day Average | 12.93005 |
| Two Hundred Day Average Change | -6.47005 |
| Two Hundred Day Average Change Percent | -0.5003886 |
| Type Disp | ETF |
| Volume | 296,734 |
| Yield | 2.7966 |
| Ytd Return | -12.32408 |