YieldMax Innovation Option Income Strategy ETF (OARK)Derivative Income | Exchange Traded Fund | NYSEArca
29.65 USD
-0.67
(-2.215%) ⇩
(Aug. 28, 2026, 3:45 p.m.
EDT)
After hours: 29.65 |
Hot Take ↕ | Aug. 22, 2026, 1:49 a.m. EDT
The long-term outlook is dire due to a brutal multi-year decline where the asset has lost nearly 39% of its value over two years, with two consecutive years of negative returns. This is not a value opportunity; it is a structural deterioration of an option-income strategy that has failed to generate sustainable alpha. The massive dividend yield of nearly 40% is an illusion of capital destruction; the fund is likely eroding principal to pay these distributions, as evidenced by the precipitous drop in share price from $71 in 2023 to under $30 today. Short-term momentum is weak, trading below its 200-day average and showing no signs of recovery despite recent minor price stabilization. The options market confirms this pessimism, with traders buying protection against further drops while ignoring any upside potential. Avoid this instrument entirely. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.032447 |
| AutoARIMA | 0.037628 |
| AutoETS | 0.037646 |
| MSTL | 0.039728 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 0.28 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.197 |
| Excess Kurtosis | -0.77 |
As of Aug. 22, 2026, 1:49 a.m. EDT: Speculators are positioning for continued downside with heavy put volume concentrated at strikes below the current price (26 and 28), while call interest remains negligible and skewed toward deep out-of-the-money strikes. Implied volatility is elevated on near-term puts, suggesting a fear of further decline rather than a bullish breakout.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.77% | 49.86% | 45.46% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-27 | 0.232 | 0.765045 |
| 2026-08-20 | 0.139 | 0.469278 |
| 2026-08-13 | 0.145 | 0.488923 |
| 2026-08-06 | 0.203 | 0.720369 |
| 2026-07-30 | 0.212 | 0.767365 |
| 2026-07-23 | 0.233 | 0.826945 |
| 2026-07-16 | 0.278 | 0.947835 |
| 2026-07-09 | 0.312 | 1.008697 |
| 2026-07-02 | 0.245 | 0.787250 |
| 2026-06-25 | 0.233 | 0.773316 |
| 2026-06-18 | 0.228 | 0.722731 |
| 2026-06-11 | 0.228 | 0.754442 |
| 2026-06-04 | 0.282 | 0.880425 |
| 2026-05-28 | 0.261 | 0.799632 |
| 2026-05-21 | 0.240 | 0.758078 |
| 2026-05-14 | 0.414 | 1.282925 |
| 2026-05-07 | 0.417 | 1.279887 |
| 2026-04-30 | 0.429 | 1.337157 |
| 2026-04-23 | 0.438 | 1.347692 |
| 2026-04-16 | 0.351 | 1.062896 |
| 2026-04-09 | 0.332 | 1.089954 |
| 2026-04-02 | 0.297 | 0.973962 |
| 2026-03-26 | 0.292 | 0.958949 |
| 2026-03-19 | 0.287 | 0.901382 |
| 2026-03-12 | 0.314 | 0.986243 |
| 2026-03-05 | 0.274 | 0.830228 |
| 2026-02-26 | 0.249 | 0.751585 |
| 2026-02-19 | 0.228 | 0.702187 |
| 2026-02-12 | 0.204 | 0.652591 |
| 2026-02-05 | 0.204 | 0.666667 |
| 2026-01-29 | 0.215 | 0.607516 |
| 2026-01-22 | 0.219 | 0.588393 |
| 2026-01-15 | 0.249 | 0.664000 |
| 2026-01-08 | 0.238 | 0.644114 |
| 2026-01-02 | 0.219 | 0.598034 |
| 2025-12-26 | 0.294 | 0.784942 |
| 2025-12-18 | 0.289 | 0.782986 |
| 2025-12-11 | 0.336 | 0.874772 |
| 2025-12-04 | 0.636 | 1.653236 |
| 2025-11-28 | 0.365 | 0.963061 |
| 2025-11-20 | 0.350 | 0.976290 |
| 2025-11-13 | 0.415 | 1.075130 |
| 2025-11-06 | 0.385 | 0.942472 |
| 2025-10-30 | 0.700 | 1.629802 |
| 2025-10-23 | 0.400 | 0.897868 |
| 2025-10-16 | 1.070 | 2.429058 |
| 2025-10-02 | 1.720 | 3.805310 |
| 2025-09-04 | 1.535 | 3.650416 |
| 2025-08-07 | 1.880 | 4.392523 |
| 2025-07-10 | 1.720 | 3.904654 |
| 2025-06-12 | 1.975 | 4.949874 |
| 2025-05-15 | 1.560 | 3.994878 |
| 2025-04-17 | 1.460 | 4.183381 |
| 2025-03-20 | 1.605 | 3.997509 |
| 2025-02-20 | 2.135 | 4.149660 |
| 2025-01-23 | 1.650 | 3.145853 |
| 2024-12-27 | 1.645 | 3.092105 |
| 2024-11-29 | 2.345 | 4.370923 |
| 2024-10-31 | 1.410 | 2.919255 |
| 2024-10-03 | 2.040 | 4.150559 |
| 2024-09-06 | 1.475 | 3.105263 |
| 2024-08-07 | 1.315 | 2.827957 |
| 2024-07-05 | 1.230 | 2.286245 |
| 2024-06-06 | 2.000 | 3.731343 |
| 2024-05-06 | 2.630 | 4.507284 |
| 2024-04-04 | 2.380 | 3.885714 |
| 2024-03-06 | 2.315 | 3.580820 |
| 2024-02-07 | 1.930 | 2.994570 |
| 2024-01-05 | 1.595 | 2.382375 |
| 2023-12-07 | 1.210 | 1.833333 |
| 2023-11-08 | 1.920 | 3.101777 |
| 2023-10-06 | 1.675 | 2.541730 |
| 2023-09-08 | 1.820 | 2.486339 |
| 2023-08-04 | 3.420 | 4.395887 |
| 2023-07-07 | 2.775 | 3.425926 |
| 2023-06-07 | 2.550 | 3.175591 |
| 2023-05-05 | 1.825 | 2.433333 |
| 2023-04-06 | 2.550 | 3.288201 |
| 2023-03-08 | 3.845 | 4.776694 |
| 2023-02-08 | 5.450 | 5.964432 |
| 2023-01-10 | 3.725 | 4.121259 |
| Attribute | Value |
|---|---|
| All Time High | 106.32 |
| All Time Low | 10.25 |
| Ask | 29.74 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 6,300 |
| Average Daily Volume3 Month | 9,280 |
| Average Volume | 9,280 |
| Average Volume10Days | 6,300 |
| Beta3 Year | 1.67 |
| Bid | 29.69 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 30.21 |
| Day Low | 29.5906 |
| Dividend Yield | 39.76 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 29.68916 |
| Fifty Day Average Change | -0.0355587 |
| Fifty Day Average Change Percent | -0.0011976998 |
| Fifty Two Week Change Percent | -29.80324 |
| Fifty Two Week High | 47.0 |
| Fifty Two Week High Change | -17.3464 |
| Fifty Two Week High Change Percent | -0.36907232 |
| Fifty Two Week Low | 26.89 |
| Fifty Two Week Low Change | 2.7636013 |
| Fifty Two Week Low Change Percent | 0.102774315 |
| Fifty Two Week Range | 26.89 - 47.0 |
| First Trade Date Milliseconds | 1,669,386,600,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.671598 |
| Fullday Change Percent | -2.21465 |
| Fullday Price | 29.6536 |
| 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 | 30.2822 |
| Net Assets | 30,811,508.0 |
| Net Expense Ratio | 1.0 |
| Open | 30.46 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 29.6536 |
| Post Market Time | 1,787,959,806 |
| Previous Close | 30.3252 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.671598 |
| Regular Market Change Percent | -2.21465 |
| Regular Market Day High | 30.21 |
| Regular Market Day Low | 29.5906 |
| Regular Market Day Range | 29.5906 - 30.21 |
| Regular Market Open | 30.46 |
| Regular Market Previous Close | 30.3252 |
| Regular Market Price | 29.6536 |
| Regular Market Time | 1,787,946,346 |
| Regular Market Volume | 7,025 |
| Short Name | YieldMax Innovation Option Inco |
| Source Interval | 15 |
| Symbol | OARK |
| Three Year Average Return | 0.17624371 |
| Total Assets | 30,811,508 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -4.54142 |
| Trailing Three Month Returns | -4.54142 |
| Triggerable | 1 |
| Two Hundred Day Average | 33.013714 |
| Two Hundred Day Average Change | -3.3601131 |
| Two Hundred Day Average Change Percent | -0.10177931 |
| Type Disp | ETF |
| Volume | 7,025 |
| Yield | 0.3976 |
| Ytd Return | -2.03803 |