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YieldMax TSM Option Income Strategy ETF (TSMY)

Derivative Income | Exchange Traded Fund | NYSEArca
15.94 USD -0.47 (-2.864%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 16.14 +0.20 (1.255%) ⇧ (July 13, 2026, 7:54 p.m. EDT)

Short-term:★★☆☆☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
Hot Take | July 11, 2026, 5:28 a.m. EDT

The headline 29% yield is a deceptive trap for income seekers. While the recent dividend stream appears consistent, the underlying vehicle is a leveraged option strategy on TSM, which suffered significant underperformance relative to its underlying asset last year. The price action over the last two weeks shows a distinct lack of upward momentum, trading below the 50-day average and failing to recover from recent lows. Options data confirms this skepticism, with traders placing substantial bets on downside protection rather than upside potential. For a long-term hold, the lack of a multi-year price trajectory makes it impossible to assess the durability of the business quality behind the yield; without a proven track record of capital appreciation alongside these payouts, the asset remains a speculative bet on TSM's continued dominance rather than a stable income generator.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.019233
AutoETS0.019233
AutoTheta0.019301
MSTL0.021299

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 55%
H-stat 2.19
Ljung-Box p 0.032
Jarque-Bera p 0.135
Excess Kurtosis 0.24

As of July 11, 2026, 5:28 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (strikes 14.0 and 15.0) across multiple expirations, suggesting a fear of downside volatility. Conversely, call activity is sparse and concentrated near the money, indicating limited bullish conviction despite the high implied volatility on the put side.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.93% 52.22%
Dividend History
Date Dividend Yield %
2026-07-09 0.152 0.927395
2026-07-02 0.156 0.949483
2026-06-25 0.209 1.250000
2026-06-18 0.147 0.833333
2026-06-11 0.113 0.687348
2026-06-04 0.149 0.857801
2026-05-28 0.131 0.775607
2026-05-21 0.166 1.009118
2026-05-14 0.179 1.060364
2026-05-07 0.191 1.126844
2026-04-30 0.275 1.659626
2026-04-23 0.168 1.028781
2026-04-16 0.186 1.169076
2026-04-09 0.125 0.779788
2026-04-02 0.133 0.876730
2026-03-26 0.134 0.906018
2026-03-19 0.135 0.883508
2026-03-12 0.125 0.821288
2026-03-05 0.236 1.470405
2026-02-26 0.171 0.992455
2026-02-19 0.143 0.853731
2026-02-12 0.134 0.781341
2026-02-05 0.105 0.661209
2026-01-29 0.127 0.780578
2026-01-22 0.189 1.189427
2026-01-15 0.139 0.830843
2026-01-08 0.110 0.691824
2026-01-02 0.091 0.569462
2025-12-26 0.104 0.673575
2025-12-18 0.062 0.418071
2025-12-11 0.106 0.667086
2025-12-04 0.249 1.606452
2025-11-28 0.108 0.692752
2025-11-20 0.109 0.719472
2025-11-13 0.140 0.911458
2025-11-06 0.173 1.091483
2025-10-30 0.157 0.942943
2025-10-23 0.338 2.080000
2025-10-16 0.229 1.351032
2025-10-02 1.001 6.041038
2025-09-04 0.381 2.524851
2025-08-07 0.954 6.076433
2025-07-10 0.638 3.997494
2025-06-12 0.896 5.685279
2025-05-15 0.788 5.180802
2025-04-17 0.564 4.272727
2025-03-20 0.577 3.741894
2025-02-20 0.602 3.440000
2025-01-23 0.645 3.241206
2024-12-27 0.807 4.166236
2024-11-29 0.538 2.863225
2024-10-31 0.890 4.501770
2024-10-03 0.371 1.885450
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 29.02

Info Dump

Attribute Value
All Time High 22.31
All Time Low 12.1
Ask 16.05
Ask Size 200
Average Daily Volume10 Day 195,450
Average Daily Volume3 Month 169,975
Average Volume 169,975
Average Volume10Days 195,450
Beta3 Year 0.0
Bid 16.06
Bid Size 100
Category Derivative Income
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 16.39
Day Low 15.94
Dividend Yield 29.02
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 16.77162
Fifty Day Average Change -0.8316202
Fifty Day Average Change Percent -0.049584966
Fifty Two Week Change Percent 2.9485583
Fifty Two Week High 18.02
Fifty Two Week High Change -2.0800009
Fifty Two Week High Change Percent -0.115427345
Fifty Two Week Low 14.303
Fifty Two Week Low Change 1.6369991
Fifty Two Week Low Change Percent 0.114451446
Fifty Two Week Range 14.303 - 18.02
First Trade Date Milliseconds 1,724,247,000,000
Full Exchange Name NYSEArca
Fund Family YieldMax ETFs
Fund Inception Date 1,724,112,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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 TSM. The fund is non-diversified.
Long Name YieldMax TSM Option Income Strategy ETF
Market us_market
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_1884571942
Nav Price 16.408
Net Assets 130,471,104.0
Net Expense Ratio 1.01
Open 16.27
Post Market Change 0.19999981
Post Market Change Percent 1.254704
Post Market Price 16.14
Post Market Time 1,783,986,862
Previous Close 16.41
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.47
Regular Market Change Percent -2.86411
Regular Market Day High 16.39
Regular Market Day Low 15.94
Regular Market Day Range 15.94 - 16.39
Regular Market Open 16.27
Regular Market Previous Close 16.41
Regular Market Price 15.94
Regular Market Time 1,783,972,800
Regular Market Volume 475,815
Short Name YieldMax TSM Option Income Stra
Source Interval 15
Symbol TSMY
Total Assets 130,471,104
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 34.14488
Trailing Three Month Returns 34.14488
Triggerable 1
Two Hundred Day Average 16.29588
Two Hundred Day Average Change -0.35587978
Two Hundred Day Average Change Percent -0.021838637
Type Disp ETF
Volume 475,815
Yield 0.2902
Ytd Return 47.28806