YieldMax MSTR Short Option Income Strategy ETF (WNTR)Derivative Income | Exchange Traded Fund | NYSEArca
28.36 USD
+0.53
(1.921%)
⇧
(July 13, 2026, 3:55 p.m.
EDT)
After hours: 28.25 -0.11 (-0.115%) ⇩ (July 13, 2026, 7:45 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6:40 a.m. EDT
This instrument is a high-beta inverse play on MicroStrategy, designed to profit from Bitcoin drawdowns, but the data suggests the trade is running out of steam. The price has stalled near its 50-day average while the 200-day moving average remains well above, indicating the broader trend is still negative. The massive dividend yield of 36.56% is a red flag; it represents NAV erosion rather than sustainable income, as the fund is distributing capital to offset losses from the underlying strategy. Options flow confirms this skepticism, with traders aggressively buying deep puts to bet on further weakness. While the short-term momentum is slightly less bearish than the long-term trend due to a recent price rebound, the structural setup remains precarious. The statistical forecast offers no guidance, showing low confidence in any immediate reversal. Investors should view this as a speculative contrarian bet that requires a sharp drop in Bitcoin to generate returns, rather than a stable income vehicle. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.096210 |
| MSTL | 0.099380 |
| AutoTheta | 0.102392 |
| AutoARIMA | 0.137359 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 4.81 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.254 |
| Excess Kurtosis | -0.70 |
As of July 11, 2026, 6:40 a.m. EDT: Speculators are positioning for a significant downside move, evidenced by heavy put open interest at deep strikes (21, 22, 17) and a lack of protective call buying. While there is some speculative call volume at higher strikes (33, 36) suggesting a potential bounce, the overwhelming inventory of puts indicates a bearish bias where traders are betting on further declines rather than hedging existing long positions.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.74% | 90.31% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-09 | 0.485 | 1.735241 |
| 2026-07-02 | 0.625 | 2.328614 |
| 2026-06-25 | 0.575 | 1.825397 |
| 2026-06-18 | 0.470 | 1.758982 |
| 2026-06-11 | 0.490 | 1.854585 |
| 2026-06-04 | 0.329 | 1.276183 |
| 2026-05-28 | 0.310 | 1.301974 |
| 2026-05-21 | 0.305 | 1.330135 |
| 2026-05-14 | 0.274 | 1.277985 |
| 2026-05-07 | 0.272 | 1.223572 |
| 2026-04-30 | 0.314 | 1.320437 |
| 2026-04-23 | 0.316 | 1.351583 |
| 2026-04-16 | 0.415 | 1.492806 |
| 2026-04-09 | 0.530 | 1.640867 |
| 2026-04-02 | 0.510 | 1.457143 |
| 2026-03-26 | 0.492 | 1.476148 |
| 2026-03-19 | 0.486 | 1.492171 |
| 2026-03-12 | 0.547 | 1.649081 |
| 2026-03-05 | 0.575 | 1.742424 |
| 2026-02-26 | 0.727 | 2.068867 |
| 2026-02-19 | 0.732 | 1.986432 |
| 2026-02-12 | 0.454 | 1.176166 |
| 2026-02-05 | 0.492 | 1.103386 |
| 2026-01-29 | 0.439 | 1.184246 |
| 2026-01-22 | 0.445 | 1.280576 |
| 2026-01-15 | 0.577 | 1.696560 |
| 2026-01-08 | 0.528 | 1.474860 |
| 2026-01-02 | 0.681 | 1.781790 |
| 2025-12-26 | 0.754 | 1.959459 |
| 2025-12-18 | 0.631 | 1.631334 |
| 2025-12-11 | 0.397 | 1.112356 |
| 2025-12-04 | 0.644 | 1.838424 |
| 2025-11-28 | 0.926 | 2.501351 |
| 2025-11-20 | 0.849 | 2.265813 |
| 2025-11-13 | 0.820 | 2.330208 |
| 2025-11-06 | 0.735 | 2.217864 |
| 2025-10-30 | 0.597 | 1.867376 |
| 2025-10-23 | 0.610 | 1.988914 |
| 2025-10-16 | 1.468 | 4.753886 |
| 2025-09-25 | 3.295 | 10.361635 |
| 2025-08-28 | 2.198 | 6.834577 |
| 2025-07-31 | 1.655 | 5.361192 |
| 2025-07-03 | 1.855 | 5.551067 |
| 2025-06-05 | 3.073 | 8.316644 |
| 2025-05-08 | 2.719 | 7.415994 |
| Attribute | Value |
|---|---|
| All Time High | 60.64 |
| All Time Low | 20.85 |
| Ask | 28.25 |
| Ask Size | 800 |
| Average Daily Volume10 Day | 199,400 |
| Average Daily Volume3 Month | 166,640 |
| Average Volume | 166,640 |
| Average Volume10Days | 199,400 |
| Beta3 Year | 0.0 |
| Bid | 28.25 |
| Bid Size | 800 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 28.7 |
| Day Low | 28.14 |
| Display Name | Houston Nat Res |
| Dividend Yield | 36.56 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 25.4035 |
| Fifty Day Average Change | 2.9610996 |
| Fifty Day Average Change Percent | 0.116562665 |
| Fifty Two Week Change Percent | -8.547205 |
| Fifty Two Week High | 45.53 |
| Fifty Two Week High Change | -17.1654 |
| Fifty Two Week High Change Percent | -0.37701297 |
| Fifty Two Week Low | 20.85 |
| Fifty Two Week Low Change | 7.514599 |
| Fifty Two Week Low Change Percent | 0.36041242 |
| Fifty Two Week Range | 20.85 - 45.53 |
| First Trade Date Milliseconds | 1,743,082,200,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,742,947,200 |
| 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 is an actively managed exchange-traded fund (“ETF”) that seeks current income while providing indirect inverse exposure to the share price (i.e., the price returns) of the common stock of MicroStrategy Incorporated (“MSTR”). The fund is non-diversified. |
| Long Name | YieldMax MSTR Short Option Income Strategy ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1916040464 |
| Nav Price | 27.7754 |
| Net Assets | 81,190,072.0 |
| Net Expense Ratio | 1.0 |
| Open | 28.36 |
| Post Market Change | -0.11459923 |
| Post Market Change Percent | -0.40402204 |
| Post Market Price | 28.25 |
| Post Market Time | 1,783,986,302 |
| Previous Close | 27.83 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.534599 |
| Regular Market Change Percent | 1.92095 |
| Regular Market Day High | 28.7 |
| Regular Market Day Low | 28.14 |
| Regular Market Day Range | 28.14 - 28.7 |
| Regular Market Open | 28.36 |
| Regular Market Previous Close | 27.83 |
| Regular Market Price | 28.3646 |
| Regular Market Time | 1,783,972,543 |
| Regular Market Volume | 76,313 |
| Short Name | YieldMax MSTR Short Option Inco |
| Source Interval | 15 |
| Symbol | WNTR |
| Total Assets | 81,190,072 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 8.61008 |
| Trailing Three Month Returns | 8.61008 |
| Triggerable | 1 |
| Two Hundred Day Average | 31.783026 |
| Two Hundred Day Average Change | -3.4184265 |
| Two Hundred Day Average Change Percent | -0.1075551 |
| Type Disp | ETF |
| Volume | 76,313 |
| Yield | 0.36560002 |
| Ytd Return | 14.9989 |