YieldMax SMCI Option Income Str (SMCY)Derivative Income | Exchange Traded Fund | NYSEArca
4.03 USD
-0.42
(-9.551%) ⇩
(Oct. 16, 2026, 2:28 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 7 a.m. EDT
The long-term investment case is effectively zero due to a catastrophic 70% price collapse over the last year, which serves as undeniable proof of structural deterioration in the underlying business model. While the headline yield appears astronomical at 45%, this is a mathematical artifact of the share price crash, not a sustainable income stream; the recent distribution history reveals a pattern of aggressive capital extraction where payouts often exceed the remaining equity value, signaling NAV erosion. Short-term momentum remains deeply bearish, with the stock trading well below its 200-day average and showing no signs of recovery. Options activity confirms this fear, with traders stacking heavy put protection at strikes far above the current price, suggesting a high probability of further decline rather than a bounce. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.057018 |
| AutoETS | 0.057196 |
| AutoARIMA | 0.057244 |
| MSTL | 0.058321 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 23% |
| H-stat | 5.94 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 7.24 |
As of Oct. 10, 2026, 7 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 12.0 and 15.0) relative to calls. The implied volatility skew is extreme, with deep OTM puts trading at significantly higher premiums than calls, indicating a market consensus of severe tail risk rather than speculative upside potential.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.33% | 89.25% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-10-15 | 0.059 | 1.325843 |
| 2026-10-08 | 0.081 | 1.491713 |
| 2026-10-01 | 0.082 | 1.532710 |
| 2026-09-24 | 0.074 | 1.360294 |
| 2026-09-17 | 0.067 | 1.257036 |
| 2026-09-10 | 0.105 | 2.054794 |
| 2026-09-03 | 0.095 | 1.779026 |
| 2026-08-27 | 0.088 | 1.635688 |
| 2026-08-20 | 0.105 | 2.019231 |
| 2026-08-13 | 0.069 | 1.236559 |
| 2026-08-06 | 0.082 | 1.810154 |
| 2026-07-30 | 0.071 | 1.613636 |
| 2026-07-23 | 0.065 | 1.315789 |
| 2026-07-16 | 0.076 | 1.809524 |
| 2026-07-09 | 0.069 | 1.446541 |
| 2026-07-02 | 0.077 | 1.659483 |
| 2026-06-25 | 0.071 | 1.339623 |
| 2026-06-18 | 0.067 | 1.281071 |
| 2026-06-11 | 0.105 | 1.916058 |
| 2026-06-04 | 0.172 | 2.166247 |
| 2026-05-28 | 0.139 | 1.911967 |
| 2026-05-21 | 0.105 | 1.650943 |
| 2026-05-14 | 0.132 | 2.052877 |
| 2026-05-07 | 0.090 | 1.355422 |
| 2026-04-30 | 0.130 | 2.260870 |
| 2026-04-23 | 0.077 | 1.334489 |
| 2026-04-16 | 0.093 | 1.537190 |
| 2026-04-09 | 0.084 | 1.544118 |
| 2026-04-02 | 0.086 | 1.572212 |
| 2026-03-26 | 0.078 | 1.455224 |
| 2026-03-19 | 0.109 | 1.472973 |
| 2026-03-12 | 0.115 | 1.537433 |
| 2026-03-05 | 0.146 | 1.883871 |
| 2026-02-26 | 0.127 | 1.624041 |
| 2026-02-19 | 0.122 | 1.538462 |
| 2026-02-12 | 0.132 | 1.725490 |
| 2026-02-05 | 0.091 | 1.154822 |
| 2026-01-29 | 0.096 | 1.226054 |
| 2026-01-22 | 0.118 | 1.409797 |
| 2026-01-15 | 0.086 | 1.073658 |
| 2026-01-08 | 0.073 | 0.894608 |
| 2026-01-02 | 0.095 | 1.129608 |
| 2025-12-26 | 0.098 | 1.168057 |
| 2025-12-18 | 0.114 | 1.403941 |
| 2025-12-11 | 0.141 | 1.508021 |
| 2025-12-04 | 0.214 | 2.264550 |
| 2025-11-28 | 0.162 | 1.703470 |
| 2025-11-20 | 0.195 | 2.152318 |
| 2025-11-13 | 0.217 | 2.154916 |
| 2025-11-06 | 0.333 | 2.868217 |
| 2025-10-30 | 0.259 | 1.783747 |
| 2025-10-23 | 0.243 | 1.728307 |
| 2025-10-16 | 0.809 | 5.120253 |
| 2025-09-25 | 0.915 | 6.035620 |
| 2025-08-28 | 1.308 | 8.487995 |
| 2025-07-31 | 1.852 | 8.752363 |
| 2025-07-03 | 1.610 | 8.231084 |
| 2025-06-05 | 1.580 | 8.681318 |
| 2025-05-08 | 1.413 | 8.400714 |
| 2025-04-10 | 1.501 | 8.104751 |
| 2025-03-13 | 1.974 | 8.526998 |
| 2025-02-13 | 2.090 | 7.757981 |
| 2025-01-16 | 1.722 | 7.365270 |
| 2024-12-19 | 2.355 | 9.009182 |
| 2024-11-21 | 2.203 | 8.156238 |
| 2024-10-24 | 5.354 | 10.547052 |
| Attribute | Value |
|---|---|
| All Time High | 59.2 |
| All Time Low | 3.99 |
| Ask | 4.03 |
| Ask Size | 35,000 |
| Average Daily Volume10 Day | 1,216,240 |
| Average Daily Volume3 Month | 1,162,395 |
| Average Volume | 1,162,395 |
| Average Volume10Days | 1,216,240 |
| Beta3 Year | 0.0 |
| Bid | 4.02 |
| Bid Size | 6,800 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 4.3707 |
| Day Low | 4.0 |
| Display Name | SMCI Option Income Strategy ETF |
| Dividend Yield | 45.13 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.2752 |
| Fifty Day Average Change | -1.2501998 |
| Fifty Day Average Change Percent | -0.23699573 |
| Fifty Two Week Change Percent | -71.08512 |
| Fifty Two Week High | 16.34 |
| Fifty Two Week High Change | -12.315001 |
| Fifty Two Week High Change Percent | -0.753672 |
| Fifty Two Week Low | 3.99 |
| Fifty Two Week Low Change | 0.035000086 |
| Fifty Two Week Low Change Percent | 0.008771951 |
| Fifty Two Week Range | 3.99 - 16.34 |
| First Trade Date Milliseconds | 1,726,147,800,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.4249997 |
| Fullday Change Percent | -9.550555 |
| Fullday Price | 4.025 |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,726,012,800 |
| 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 SMCI. The fund is non-diversified. |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1884572038 |
| Nav Price | 4.5935 |
| Net Assets | 142,360,992.0 |
| Net Expense Ratio | 1.01 |
| Open | 4.4 |
| Previous Close | 4.45 |
| Price Hint | 4 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.4249997 |
| Regular Market Change Percent | -9.550555 |
| Regular Market Day High | 4.3707 |
| Regular Market Day Low | 4.0 |
| Regular Market Day Range | 4.0 - 4.3707 |
| Regular Market Open | 4.4 |
| Regular Market Previous Close | 4.45 |
| Regular Market Price | 4.025 |
| Regular Market Time | 1,792,175,305 |
| Regular Market Volume | 1,324,341 |
| Short Name | YieldMax SMCI Option Income Str |
| Source Interval | 15 |
| Symbol | SMCY |
| Total Assets | 142,360,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 29.64942 |
| Trailing Three Month Returns | 29.64942 |
| Triggerable | 1 |
| Two Hundred Day Average | 6.196825 |
| Two Hundred Day Average Change | -2.171825 |
| Two Hundred Day Average Change Percent | -0.35047382 |
| Type Disp | ETF |
| Volume | 1,324,341 |
| Yield | 0.45130002 |
| Ytd Return | 19.98503 |