YieldMax Innovation Option Income Strategy ETF (OARK)Derivative Income | Exchange Traded Fund | NYSEArca
33.73 USD
+0.71
(2.146%)
⇧
(April 17, 2026, 3:18 p.m.
EDT)
After hours: 33.79 +0.06 (0.172%) ⇧ (April 17, 2026, 7:58 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ★★☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 19, 2026, 12:25 a.m. EDT
OARK is currently displaying classic 'dividend erosion' characteristics typical of YieldMax products. While the 66% yield is mathematically staggering, the share price is dumping (down from a low of ~47 to ~28) to generate that yield, resulting in total return that is net negative or near flat over the long run. The recent price recovery is an anomaly; fundamentally, the structure acts as a long-decay hedging vehicle rather than a growth play, and the options market is correctly pricing in a wait-and-see or short-term defense posture against further decay. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.069057 |
| AutoETS | 0.070523 |
| MSTL | 0.077347 |
| AutoTheta | 0.081258 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 72% |
| H-stat | 1.20 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.428 |
| Excess Kurtosis | 0.49 |
As of April 19, 2026, 12:25 a.m. EDT: The options flow is dominated by aggressive put buying (OTM flow > 95% volume) at the nearest ATM strike (28.0), with the volume to open ratio heavily favoring purchases. This indicates a strong short-horizon downside bet, possibly hedging against volatility expansion or preparing for earnings/conference cap. While ATM calls show some new flow, the put volume significantly outweighs the call volume in terms of speculative positioning. Implied Volatility is highest at the ATM put strike (1.06), suggesting the market prices in significant risk of a drop.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.06% | 71.21% | 89.93% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-16 | 0.351 | 1.062896 |
| 2026-04-09 | 0.332 | 1.101513 |
| 2026-04-02 | 0.297 | 0.994908 |
| 2026-03-26 | 0.292 | 0.989111 |
| 2026-03-19 | 0.287 | 0.938402 |
| 2026-03-12 | 0.314 | 1.036008 |
| 2026-03-05 | 0.274 | 0.880501 |
| 2026-02-26 | 0.249 | 0.803620 |
| 2026-02-19 | 0.228 | 0.756493 |
| 2026-02-12 | 0.204 | 0.708038 |
| 2026-02-05 | 0.204 | 0.727916 |
| 2026-01-29 | 0.215 | 0.667558 |
| 2026-01-22 | 0.219 | 0.650414 |
| 2026-01-15 | 0.249 | 0.738388 |
| 2026-01-08 | 0.238 | 0.721006 |
| 2026-01-02 | 0.219 | 0.673679 |
| 2025-12-26 | 0.294 | 0.889592 |
| 2025-12-18 | 0.289 | 0.894303 |
| 2025-12-11 | 0.336 | 1.007063 |
| 2025-12-04 | 0.636 | 1.919801 |
| 2025-11-28 | 0.365 | 1.137118 |
| 2025-11-20 | 0.350 | 1.163844 |
| 2025-11-13 | 0.415 | 1.293746 |
| 2025-11-06 | 0.385 | 1.145712 |
| 2025-10-30 | 0.700 | 1.999244 |
| 2025-10-23 | 0.400 | 1.118760 |
| 2025-10-16 | 1.070 | 3.054578 |
| 2025-10-02 | 1.720 | 4.899196 |
| 2025-09-04 | 1.535 | 4.882539 |
| 2025-08-07 | 1.880 | 6.090289 |
| 2025-07-10 | 1.720 | 5.652100 |
| 2025-06-12 | 1.975 | 7.448203 |
| 2025-05-15 | 1.560 | 6.304514 |
| 2025-04-17 | 1.460 | 6.862473 |
| 2025-03-20 | 1.605 | 6.833159 |
| 2025-02-20 | 2.135 | 7.376471 |
| 2025-01-23 | 1.650 | 5.817514 |
| 2024-12-27 | 1.645 | 5.899037 |
| 2024-11-29 | 2.345 | 8.593200 |
| 2024-10-31 | 1.410 | 5.994831 |
| 2024-10-03 | 2.040 | 8.760229 |
| 2024-09-06 | 1.475 | 6.822706 |
| 2024-08-07 | 1.315 | 6.399985 |
| 2024-07-05 | 1.230 | 5.317618 |
| 2024-06-06 | 2.000 | 8.878436 |
| 2024-05-06 | 2.630 | 11.126777 |
| 2024-04-04 | 2.380 | 10.033252 |
| 2024-03-06 | 2.315 | 9.601946 |
| 2024-02-07 | 1.930 | 8.325057 |
| 2024-01-05 | 1.595 | 6.822635 |
| 2023-12-07 | 1.210 | 5.375459 |
| 2023-11-08 | 1.920 | 9.262781 |
| 2023-10-06 | 1.675 | 7.824323 |
| 2023-09-08 | 1.820 | 7.852189 |
| 2023-08-04 | 3.420 | 14.228060 |
| 2023-07-07 | 2.775 | 11.566051 |
| 2023-06-07 | 2.550 | 11.091291 |
| 2023-05-05 | 1.825 | 8.768215 |
| 2023-04-06 | 2.550 | 12.148850 |
| 2023-03-08 | 3.845 | 18.235486 |
| 2023-02-08 | 5.450 | 23.853449 |
| 2023-01-10 | 3.725 | 17.431383 |
| Attribute | Value |
|---|---|
| All Time High | 106.32 |
| All Time Low | 10.25 |
| Ask | 33.81 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 9,730 |
| Average Daily Volume3 Month | 28,182 |
| Average Volume | 28,182 |
| Average Volume10Days | 9,730 |
| Beta3 Year | 1.71 |
| Bid | 33.68 |
| Bid Size | 200 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 34.18 |
| Day Low | 33.65 |
| Dividend Yield | 66.4 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 31.96278 |
| Fifty Day Average Change | 1.7691193 |
| Fifty Day Average Change Percent | 0.055349354 |
| Fifty Two Week Change Percent | -2.367586 |
| Fifty Two Week High | 47.0 |
| Fifty Two Week High Change | -13.268101 |
| Fifty Two Week High Change Percent | -0.28230003 |
| Fifty Two Week Low | 28.71 |
| Fifty Two Week Low Change | 5.0219 |
| Fifty Two Week Low Change Percent | 0.17491816 |
| Fifty Two Week Range | 28.71 - 47.0 |
| First Trade Date Milliseconds | 1,669,386,600,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,669,075,200 |
| 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 the Underlying Security regardless of whether there are periods adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. In seeking to achieve its investment objective, the fund will implement a “synthetic covered call” strategy using the standardized exchange-traded and FLEX options. It is non-diversified. |
| Long Name | YieldMax Innovation Option Income Strategy ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1799412301 |
| Nav Price | 33.8722 |
| Net Assets | 52,067,516.0 |
| Net Expense Ratio | 1.0 |
| Open | 33.55 |
| Post Market Change | 0.058101654 |
| Post Market Change Percent | 0.17224543 |
| Post Market Price | 33.79 |
| Post Market Time | 1,776,470,322 |
| Previous Close | 33.0233 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.708599 |
| Regular Market Change Percent | 2.14575 |
| Regular Market Day High | 34.18 |
| Regular Market Day Low | 33.65 |
| Regular Market Day Range | 33.65 - 34.18 |
| Regular Market Open | 33.55 |
| Regular Market Previous Close | 33.0233 |
| Regular Market Price | 33.7319 |
| Regular Market Time | 1,776,453,508 |
| Regular Market Volume | 13,956 |
| Short Name | YieldMax Innovation Option Inco |
| Source Interval | 15 |
| Symbol | OARK |
| Three Year Average Return | 0.1678853 |
| Total Assets | 52,067,516 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -7.74205 |
| Trailing Three Month Returns | -7.74205 |
| Triggerable | 1 |
| Two Hundred Day Average | 39.18932 |
| Two Hundred Day Average Change | -5.4574203 |
| Two Hundred Day Average Change Percent | -0.13925785 |
| Type Disp | ETF |
| Volume | 13,956 |
| Yield | 0.66400003 |
| Ytd Return | -7.74205 |