Defiance Oil Enhanced Options Income ETF (USOY)Equity Hedged | Exchange Traded Fund | NasdaqGM
7.06 USD
+0.45
(6.808%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 7.12 +0.06 (0.851%) ⇧ (July 13, 2026, 7:58 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6:19 a.m. EDT
The long-term outlook remains deeply bearish due to a catastrophic 50.8% price collapse over the last year, which serves as a stark warning that the market has permanently reassessed the viability of this enhanced options strategy. While the headline 31% yield appears attractive, it is a dangerous trap; the recent dividend history reveals a pattern of erratic, massive payouts followed by sharp cuts, suggesting the fund is burning capital to maintain income rather than generating sustainable cash flow. This behavior, combined with the severe price erosion, indicates the underlying business model is failing. On the short end, the technical picture is grim with the price trading well below key moving averages, and the options market is screaming 'sell,' with heavy put buying creating a dense wall of resistance. The statistical forecast also leans negative, confirming the consensus view that further downside is likely. Investors chasing this yield are likely facing NAV erosion disguised as income. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.054164 |
| MSTL | 0.058569 |
| AutoETS | 0.060685 |
| AutoARIMA | 0.062184 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 51% |
| H-stat | 0.87 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.068 |
| Excess Kurtosis | 0.42 |
As of July 11, 2026, 6:19 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 8.0 and 9.0) compared to negligible call volume. Implied volatility is significantly elevated for put strikes, indicating a fear premium. Call activity is sparse and concentrated at lower strikes, suggesting limited bullish conviction despite the high yield.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.77% | 56.40% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-09 | 0.051 | 0.770393 |
| 2026-07-02 | 0.061 | 0.948678 |
| 2026-06-25 | 0.064 | 0.951673 |
| 2026-06-18 | 0.069 | 0.977337 |
| 2026-06-11 | 0.078 | 0.996169 |
| 2026-06-04 | 0.081 | 0.975316 |
| 2026-05-28 | 0.081 | 1.006211 |
| 2026-05-21 | 0.088 | 1.014175 |
| 2026-05-14 | 0.084 | 0.954545 |
| 2026-05-07 | 0.087 | 1.024735 |
| 2026-04-30 | 0.084 | 0.920044 |
| 2026-04-23 | 0.080 | 0.926999 |
| 2026-04-16 | 0.081 | 0.951821 |
| 2026-04-09 | 0.089 | 1.049528 |
| 2026-04-02 | 0.097 | 1.046386 |
| 2026-03-26 | 0.091 | 1.037628 |
| 2026-03-19 | 0.091 | 1.065574 |
| 2026-03-12 | 0.110 | 1.341463 |
| 2026-03-05 | 0.074 | 0.977543 |
| 2026-02-26 | 0.071 | 1.009240 |
| 2026-02-19 | 0.068 | 0.970735 |
| 2026-02-12 | 0.070 | 1.030928 |
| 2026-02-05 | 0.068 | 1.005174 |
| 2026-01-29 | 0.067 | 0.978817 |
| 2026-01-22 | 0.066 | 1.013047 |
| 2026-01-15 | 0.066 | 1.027237 |
| 2026-01-08 | 0.052 | 0.801850 |
| 2025-12-31 | 0.053 | 0.814758 |
| 2025-12-24 | 0.053 | 0.802422 |
| 2025-12-18 | 0.066 | 1.020882 |
| 2025-12-11 | 0.071 | 1.063670 |
| 2025-12-04 | 0.058 | 0.838756 |
| 2025-11-26 | 0.071 | 1.040293 |
| 2025-11-20 | 0.095 | 1.381818 |
| 2025-11-13 | 0.072 | 1.037464 |
| 2025-11-06 | 0.072 | 1.022727 |
| 2025-10-30 | 0.086 | 1.208714 |
| 2025-10-23 | 0.086 | 1.187845 |
| 2025-10-16 | 0.085 | 1.207386 |
| 2025-10-09 | 0.090 | 1.198402 |
| 2025-10-02 | 0.098 | 1.306667 |
| 2025-09-25 | 0.096 | 1.180812 |
| 2025-09-18 | 0.098 | 1.208385 |
| 2025-09-11 | 0.102 | 1.262376 |
| 2025-09-04 | 0.069 | 0.833333 |
| 2025-08-28 | 0.093 | 1.101896 |
| 2025-08-21 | 0.110 | 1.309524 |
| 2025-08-14 | 0.141 | 1.668639 |
| 2025-08-07 | 0.134 | 1.587678 |
| 2025-07-31 | 0.136 | 1.494505 |
| 2025-07-24 | 0.099 | 1.096346 |
| 2025-07-17 | 0.160 | 1.746725 |
| 2025-07-10 | 0.184 | 1.997828 |
| 2025-07-03 | 0.140 | 1.498929 |
| 2025-06-26 | 0.200 | 2.155172 |
| 2025-06-18 | 0.146 | 1.441264 |
| 2025-06-02 | 0.770 | 8.004158 |
| 2025-05-01 | 0.539 | 5.444445 |
| 2025-04-01 | 0.805 | 6.764706 |
| 2025-03-03 | 0.706 | 5.725872 |
| 2025-02-03 | 1.007 | 7.464789 |
| 2024-12-31 | 0.790 | 5.618777 |
| 2024-12-02 | 0.870 | 6.223176 |
| 2024-11-01 | 0.783 | 5.452646 |
| 2024-10-01 | 0.611 | 4.139566 |
| 2024-09-03 | 1.056 | 6.979511 |
| 2024-07-31 | 0.770 | 4.422746 |
| 2024-07-01 | 1.237 | 6.555379 |
| 2024-06-03 | 0.716 | 3.857759 |
| Attribute | Value |
|---|---|
| All Time High | 20.47 |
| All Time Low | 6.35 |
| Ask | 7.62 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 454,390 |
| Average Daily Volume3 Month | 456,800 |
| Average Volume | 456,800 |
| Average Volume10Days | 454,390 |
| Beta3 Year | 0.0 |
| Bid | 6.46 |
| Bid Size | 2 |
| Category | Equity Hedged |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 7.12 |
| Day Low | 6.7601 |
| Dividend Yield | 31.31 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 7.92512 |
| Fifty Day Average Change | -0.86511993 |
| Fifty Day Average Change Percent | -0.10916175 |
| Fifty Two Week Change Percent | -28.463203 |
| Fifty Two Week High | 9.58 |
| Fifty Two Week High Change | -2.52 |
| Fifty Two Week High Change Percent | -0.26304802 |
| Fifty Two Week Low | 6.35 |
| Fifty Two Week Low Change | 0.71000004 |
| Fifty Two Week Low Change Percent | 0.111811034 |
| Fifty Two Week Range | 6.35 - 9.58 |
| First Trade Date Milliseconds | 1,715,347,800,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,715,212,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,024-05-10 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed ETF that seeks current income while maintaining the opportunity for indirect exposure to the share price of United States Oil Fund, LP, subject to a limit on potential gains related to increases in the price of USO’s shares. The fund is non-diversified. |
| Long Name | Defiance Oil Enhanced Options Income ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1873582012 |
| Nav Price | 6.5897 |
| Net Assets | 55,624,124.0 |
| Net Expense Ratio | 1.12 |
| Open | 6.79 |
| Post Market Change | 0.06010008 |
| Post Market Change Percent | 0.8512759 |
| Post Market Price | 7.1201 |
| Post Market Time | 1,783,987,086 |
| Previous Close | 6.61 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.45 |
| Regular Market Change Percent | 6.80786 |
| Regular Market Day High | 7.12 |
| Regular Market Day Low | 6.7601 |
| Regular Market Day Range | 6.7601 - 7.12 |
| Regular Market Open | 6.79 |
| Regular Market Previous Close | 6.61 |
| Regular Market Price | 7.06 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 1,106,802 |
| Short Name | Defiance Oil Enhanced Options I |
| Source Interval | 15 |
| Symbol | USOY |
| Total Assets | 55,624,124 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -18.62343 |
| Trailing Three Month Returns | -18.62343 |
| Triggerable | 1 |
| Two Hundred Day Average | 7.512775 |
| Two Hundred Day Average Change | -0.452775 |
| Two Hundred Day Average Change Percent | -0.060267344 |
| Type Disp | ETF |
| Volume | 1,106,802 |
| Yield | 0.31309998 |
| Ytd Return | 29.87185 |