Yieldmax PYPL Option Income Strategy ETF (PYPY)Derivative Income | Exchange Traded Fund | NYSEArca
31.27 USD
+0.47
(1.531%)
⇧
(April 17, 2026, 3:50 p.m.
EDT)
After hours: 31.27 0.00 (-0.001%) ⇩ (April 17, 2026, 6:28 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ★★★☆☆ |
Hot Take | April 19, 2026, 6:33 p.m. EDT
PYPY is a statistical trap: the 'dividend' is likely capital erosion disguised as yield, and the structure relies entirely on PayPal (PYPL) performing well enough to make the deep OTM option bets profitable. With PYPL down 50% and options flow showing speculative longing despite a lack of near-term technical support, the long-term outlook is a potential value trap. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.189762 |
| AutoETS | 0.189764 |
| AutoTheta | 0.191902 |
| MSTL | 0.192787 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 62% |
| H-stat | 0.91 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.008 |
| Excess Kurtosis | 0.60 |
As of April 19, 2026, 6:33 p.m. EDT: Options activity indicates significant speculation in deep out-of-the-money (OTM) 6-month dated calls, specifically at low strikes (16.0, 22.8% OTM) and extreme high strikes (43.0, 47.0, 90%+ OTM) written in interest by options buyers. This suggests a bullish view on a potential recovery by year-end. Conversely, ATM and near-the-money calls for the near term (April expiration) show strong ITM open interest positioning, while ATM puts show some risk hedging, though this is outweighed by the speculative OI in long-dated OTM calls.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.03% | 55.50% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-16 | 0.316 | 1.025974 |
| 2026-04-09 | 0.297 | 1.028177 |
| 2026-04-02 | 0.265 | 0.928512 |
| 2026-03-26 | 0.274 | 0.975183 |
| 2026-03-19 | 0.331 | 1.195953 |
| 2026-03-12 | 0.491 | 1.775364 |
| 2026-03-05 | 0.208 | 0.708631 |
| 2026-02-26 | 0.217 | 0.768519 |
| 2026-02-19 | 0.214 | 0.815716 |
| 2026-02-12 | 0.195 | 0.778205 |
| 2026-02-05 | 0.166 | 0.653453 |
| 2026-01-29 | 0.220 | 0.661813 |
| 2026-01-22 | 0.228 | 0.641393 |
| 2026-01-15 | 0.242 | 0.678442 |
| 2026-01-08 | 0.243 | 0.673402 |
| 2026-01-02 | 0.283 | 0.792046 |
| 2025-12-26 | 0.281 | 0.770606 |
| 2025-12-18 | 0.257 | 0.713148 |
| 2025-12-11 | 0.262 | 0.704244 |
| 2025-12-04 | 0.630 | 1.708660 |
| 2025-11-28 | 0.355 | 0.950399 |
| 2025-11-20 | 0.385 | 1.079485 |
| 2025-11-13 | 0.450 | 1.139830 |
| 2025-11-06 | 0.570 | 1.429991 |
| 2025-10-30 | 0.695 | 1.714020 |
| 2025-10-23 | 0.440 | 1.051625 |
| 2025-10-16 | 1.415 | 3.535978 |
| 2025-09-18 | 1.335 | 3.168663 |
| 2025-08-21 | 1.700 | 4.085005 |
| 2025-07-24 | 1.365 | 2.909015 |
| 2025-06-26 | 1.650 | 3.658597 |
| 2025-05-29 | 2.755 | 6.131363 |
| 2025-05-01 | 2.760 | 6.650932 |
| 2025-04-03 | 1.760 | 4.506609 |
| 2025-03-06 | 1.885 | 4.492381 |
| 2025-02-06 | 3.335 | 7.045292 |
| 2025-01-08 | 2.130 | 4.047223 |
| 2024-12-12 | 3.005 | 5.631734 |
| 2024-11-14 | 2.940 | 5.817355 |
| 2024-10-17 | 5.520 | 11.509984 |
| 2024-09-06 | 8.095 | 18.828984 |
| 2024-08-07 | 1.755 | 4.467464 |
| 2024-07-05 | 2.160 | 5.975197 |
| 2024-06-06 | 3.345 | 8.421013 |
| 2024-05-06 | 4.710 | 11.889109 |
| 2024-04-04 | 2.330 | 6.147880 |
| 2024-03-06 | 3.615 | 10.523071 |
| 2024-02-07 | 3.275 | 9.221790 |
| 2024-01-05 | 2.830 | 8.094019 |
| 2023-12-07 | 2.600 | 7.574964 |
| 2023-11-08 | 3.105 | 9.519395 |
| Attribute | Value |
|---|---|
| All Time High | 105.75 |
| All Time Low | 19.003 |
| Ask | 31.4 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 5,730 |
| Average Daily Volume3 Month | 30,822 |
| Average Volume | 30,822 |
| Average Volume10Days | 5,730 |
| Beta3 Year | 0.0 |
| Bid | 27.05 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 31.4599 |
| Day Low | 31.172 |
| Dividend Yield | 76.78 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 29.50324 |
| Fifty Day Average Change | 1.7681599 |
| Fifty Day Average Change Percent | 0.05993104 |
| Fifty Two Week Change Percent | -47.8382 |
| Fifty Two Week High | 67.95 |
| Fifty Two Week High Change | -36.678596 |
| Fifty Two Week High Change Percent | -0.53978807 |
| Fifty Two Week Low | 27.07 |
| Fifty Two Week Low Change | 4.2014008 |
| Fifty Two Week Low Change Percent | 0.15520506 |
| Fifty Two Week Range | 27.07 - 67.95 |
| First Trade Date Milliseconds | 1,695,735,000,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,695,600,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund advisor will employ the fund's investment strategy as the fund relates to PYPL regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. The fund is non-diversified. |
| Long Name | Yieldmax PYPL Option Income Strategy ETF |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1850980279 |
| Nav Price | 31.2664 |
| Net Assets | 36,708,856.0 |
| Net Expense Ratio | 1.31 |
| Open | 31.1914 |
| Post Market Change | -0.0006008148 |
| Post Market Change Percent | -0.0019212917 |
| Post Market Price | 31.2708 |
| Post Market Time | 1,776,464,881 |
| Previous Close | 30.8 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.471401 |
| Regular Market Change Percent | 1.53052 |
| Regular Market Day High | 31.4599 |
| Regular Market Day Low | 31.172 |
| Regular Market Day Range | 31.172 - 31.4599 |
| Regular Market Open | 31.1914 |
| Regular Market Previous Close | 30.8 |
| Regular Market Price | 31.2714 |
| Regular Market Time | 1,776,455,408 |
| Regular Market Volume | 7,114 |
| Short Name | YieldMax PYPL Option Income Str |
| Source Interval | 15 |
| Symbol | PYPY |
| Total Assets | 36,708,856 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -21.24475 |
| Trailing Three Month Returns | -21.24475 |
| Triggerable | 1 |
| Two Hundred Day Average | 45.262356 |
| Two Hundred Day Average Change | -13.990955 |
| Two Hundred Day Average Change Percent | -0.309108 |
| Type Disp | ETF |
| Volume | 7,114 |
| Yield | 0.7678 |
| Ytd Return | -21.24475 |