YieldMax MSTR Short Option Income Strategy ETF (WNTR)Derivative Income | Exchange Traded Fund | NYSEArca
15.80 USD
+0.50
(3.268%)
⇧
(Oct. 14, 2026, 11:49 a.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:52 a.m. EDT
This instrument is a specialized hedging vehicle, not a traditional investment. The massive 63.79% yield is entirely synthetic, generated by selling options on the underlying MSTR strategy, which explains why the share price has collapsed from highs near $45 to the current $15 range. While the recent price action shows a slight stabilization, the heavy put positioning suggests traders are still bracing for further weakness. The statistical forecast model offers a weak bearish lean, aligning with the options flow, but the primary takeaway is that this is a tactical tool for offsetting losses in a broader portfolio, not a standalone income generator. The underlying business quality of the parent strategy is irrelevant here; the product itself is designed to decay in value while paying out premiums. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.206170 |
| MSTL | 0.213460 |
| AutoARIMA | 0.222385 |
| AutoETS | 0.222591 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 82.04 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.123 |
| Excess Kurtosis | -1.29 |
As of Oct. 10, 2026, 3:52 a.m. EDT: Speculators are heavily positioned for downside protection, with significant open interest in out-of-the-money puts (strikes 19 and 21 for Oct expiration) compared to minimal call activity. This indicates a market consensus expecting further declines or volatility spikes rather than a rally.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.20% | 87.21% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-10-08 | 0.184 | 1.204977 |
| 2026-10-01 | 0.184 | 1.232418 |
| 2026-09-24 | 0.185 | 1.244116 |
| 2026-09-17 | 0.235 | 1.294053 |
| 2026-09-10 | 0.217 | 1.169181 |
| 2026-09-03 | 0.247 | 1.419540 |
| 2026-08-27 | 0.250 | 1.360174 |
| 2026-08-20 | 0.389 | 1.748315 |
| 2026-08-13 | 0.354 | 1.368909 |
| 2026-08-06 | 0.461 | 1.780610 |
| 2026-07-30 | 0.472 | 1.808429 |
| 2026-07-23 | 0.499 | 1.821168 |
| 2026-07-16 | 0.553 | 2.001448 |
| 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 | 14.122 |
| Ask | 15.84 |
| Ask Size | 600 |
| Average Daily Volume10 Day | 108,630 |
| Average Daily Volume3 Month | 165,846 |
| Average Volume | 165,846 |
| Average Volume10Days | 108,630 |
| Beta3 Year | 0.0 |
| Bid | 15.78 |
| Bid Size | 200 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 15.866 |
| Day Low | 15.36 |
| Display Name | MSTR Short Option Incm ETF |
| Dividend Yield | 63.79 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.30152 |
| Fifty Day Average Change | -3.5015192 |
| Fifty Day Average Change Percent | -0.18141158 |
| Fifty Two Week Change Percent | -51.42857 |
| Fifty Two Week High | 45.53 |
| Fifty Two Week High Change | -29.73 |
| Fifty Two Week High Change Percent | -0.6529761 |
| Fifty Two Week Low | 14.122 |
| Fifty Two Week Low Change | 1.6780005 |
| Fifty Two Week Low Change Percent | 0.11882173 |
| Fifty Two Week Range | 14.122 - 45.53 |
| First Trade Date Milliseconds | 1,743,082,200,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.33570004 |
| Fullday Change Percent | -2.1890101 |
| Fullday Price | 15.8 |
| 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 | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1916040464 |
| Nav Price | 15.3058 |
| Net Assets | 57,075,376.0 |
| Net Expense Ratio | 1.0 |
| Open | 15.42 |
| Previous Close | 15.3 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.5 |
| Regular Market Change Percent | 3.267974 |
| Regular Market Day High | 15.866 |
| Regular Market Day Low | 15.36 |
| Regular Market Day Range | 15.36 - 15.866 |
| Regular Market Open | 15.42 |
| Regular Market Previous Close | 15.3 |
| Regular Market Price | 15.8 |
| Regular Market Time | 1,791,992,969 |
| Regular Market Volume | 143,747 |
| Short Name | YieldMax MSTR Short Option Inco |
| Source Interval | 15 |
| Symbol | WNTR |
| Total Assets | 57,075,376 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -38.07635 |
| Trailing Three Month Returns | -38.07635 |
| Triggerable | 1 |
| Two Hundred Day Average | 27.64818 |
| Two Hundred Day Average Change | -11.84818 |
| Two Hundred Day Average Change Percent | -0.4285338 |
| Type Disp | ETF |
| Volume | 143,747 |
| Yield | 0.6379 |
| Ytd Return | -28.78848 |