YieldMax Universe Fund of Option Income ETFs (YMAX)Derivative Income | Exchange Traded Fund | NYSEArca
7.82 USD
-0.10
(-1.263%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 7.90 +0.08 (1.023%) ⇧ (July 13, 2026, 7:53 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 3:34 a.m. EDT
The long-term outlook is bleak due to a structural decline in the underlying business model. The asset has lost over 30% of its value in just one year, dropping from nearly $20 to under $8, signaling that the market has permanently reassessed the viability of this option-selling strategy. While the headline yield appears astronomical at 40%, this is a classic value trap where distributions are funded by the erosion of the principal itself. The price history confirms this: the asset is trading far below its historical averages, and the recent price action shows no sign of recovery, hovering near multi-year lows. The weekly payouts are likely unsustainable and will continue to eat away at the remaining equity value until the fund collapses or is forced to liquidate. Investors chasing this income are essentially buying a countdown clock to zero. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.025111 |
| AutoETS | 0.030411 |
| MSTL | 0.030514 |
| AutoARIMA | 0.031144 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 54% |
| H-stat | 1.20 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.796 |
| Excess Kurtosis | -0.44 |
| Attribute | Value |
|---|---|
| Trailing P/E | 32.14 |
As of July 11, 2026, 3:34 a.m. EDT: Speculators are overwhelmingly positioning for downside protection. Put open interest significantly exceeds call open interest across all expirations, with deep out-of-the-money puts showing massive volume spikes relative to their open interest. Call activity is concentrated entirely in out-of-the-money strikes, suggesting a speculative hope for a bounce rather than a conviction bet on upside. The implied volatility skew is heavily skewed toward the downside, indicating fear of further price erosion.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.90% | 53.95% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-08 | 0.071 | 0.903308 |
| 2026-07-01 | 0.073 | 0.918239 |
| 2026-06-24 | 0.076 | 0.975610 |
| 2026-06-17 | 0.077 | 0.964912 |
| 2026-06-10 | 0.080 | 1.048493 |
| 2026-06-03 | 0.093 | 1.094118 |
| 2026-05-27 | 0.090 | 1.057579 |
| 2026-05-20 | 0.091 | 1.085919 |
| 2026-05-13 | 0.093 | 1.092832 |
| 2026-05-06 | 0.082 | 0.949074 |
| 2026-04-29 | 0.100 | 1.209190 |
| 2026-04-22 | 0.100 | 1.168224 |
| 2026-04-15 | 0.092 | 1.112455 |
| 2026-04-08 | 0.090 | 1.153846 |
| 2026-04-01 | 0.088 | 1.141375 |
| 2026-03-25 | 0.034 | 0.425000 |
| 2026-03-18 | 0.082 | 0.992736 |
| 2026-03-11 | 0.083 | 0.975323 |
| 2026-03-04 | 0.081 | 0.936416 |
| 2026-02-25 | 0.072 | 0.831409 |
| 2026-02-18 | 0.078 | 0.924171 |
| 2026-02-11 | 0.074 | 0.854503 |
| 2026-02-04 | 0.082 | 0.927602 |
| 2026-01-28 | 0.083 | 0.855670 |
| 2026-01-21 | 0.082 | 0.835031 |
| 2026-01-14 | 0.082 | 0.810277 |
| 2026-01-07 | 0.088 | 0.868707 |
| 2025-12-31 | 0.106 | 1.062124 |
| 2025-12-24 | 0.094 | 0.915287 |
| 2025-12-17 | 0.124 | 1.215686 |
| 2025-12-10 | 0.114 | 1.064426 |
| 2025-12-03 | 0.096 | 0.900563 |
| 2025-11-26 | 0.101 | 0.956439 |
| 2025-11-19 | 0.130 | 1.240458 |
| 2025-11-12 | 0.151 | 1.339840 |
| 2025-11-05 | 0.174 | 1.502591 |
| 2025-10-29 | 0.194 | 1.581092 |
| 2025-10-22 | 0.157 | 1.293245 |
| 2025-10-15 | 0.174 | 1.380952 |
| 2025-10-09 | 0.147 | 1.132512 |
| 2025-10-02 | 0.140 | 1.089494 |
| 2025-09-25 | 0.082 | 0.650794 |
| 2025-09-18 | 0.129 | 1.003110 |
| 2025-09-11 | 0.132 | 1.042654 |
| 2025-09-04 | 0.109 | 0.868526 |
| 2025-08-28 | 0.137 | 1.070312 |
| 2025-08-21 | 0.162 | 1.289809 |
| 2025-08-14 | 0.110 | 0.839054 |
| 2025-08-07 | 0.145 | 1.101824 |
| 2025-07-31 | 0.165 | 1.216814 |
| 2025-07-24 | 0.184 | 1.336238 |
| 2025-07-17 | 0.104 | 0.743920 |
| 2025-07-10 | 0.135 | 0.979681 |
| 2025-07-03 | 0.157 | 1.141818 |
| 2025-06-26 | 0.155 | 1.135531 |
| 2025-06-20 | 0.142 | 1.061285 |
| 2025-06-12 | 0.180 | 1.331361 |
| 2025-06-05 | 0.172 | 1.288389 |
| 2025-05-29 | 0.215 | 1.590237 |
| 2025-05-22 | 0.186 | 1.367647 |
| 2025-05-15 | 0.191 | 1.389091 |
| 2025-05-08 | 0.168 | 1.263158 |
| 2025-05-01 | 0.174 | 1.322188 |
| 2025-04-24 | 0.137 | 1.048202 |
| 2025-04-17 | 0.133 | 1.062300 |
| 2025-04-10 | 0.129 | 1.047078 |
| 2025-04-03 | 0.178 | 1.396078 |
| 2025-03-27 | 0.132 | 0.948958 |
| 2025-03-20 | 0.153 | 1.095989 |
| 2025-03-13 | 0.100 | 0.735835 |
| 2025-03-06 | 0.241 | 1.686494 |
| 2025-02-27 | 0.133 | 0.901084 |
| 2025-02-20 | 0.185 | 1.115130 |
| 2025-02-13 | 0.150 | 0.901442 |
| 2025-02-06 | 0.194 | 1.177184 |
| 2025-01-30 | 0.147 | 0.879713 |
| 2025-01-23 | 0.172 | 1.014151 |
| 2025-01-16 | 0.112 | 0.678377 |
| 2025-01-08 | 0.140 | 0.836820 |
| 2025-01-03 | 0.181 | 1.049275 |
| 2024-12-27 | 0.245 | 1.416185 |
| 2024-12-19 | 0.139 | 0.803933 |
| 2024-12-12 | 0.123 | 0.673973 |
| 2024-12-05 | 0.238 | 1.293478 |
| 2024-11-29 | 0.306 | 1.688742 |
| 2024-11-21 | 0.244 | 1.345836 |
| 2024-11-14 | 0.152 | 0.862656 |
| 2024-11-07 | 0.120 | 0.677583 |
| 2024-10-31 | 0.225 | 1.329787 |
| 2024-10-24 | 0.227 | 1.310624 |
| 2024-10-17 | 0.175 | 1.009810 |
| 2024-10-10 | 0.204 | 1.170396 |
| 2024-10-03 | 0.208 | 1.202312 |
| 2024-09-26 | 0.222 | 1.246491 |
| 2024-09-19 | 0.227 | 1.281038 |
| 2024-08-15 | 0.591 | 3.348442 |
| 2024-07-17 | 0.652 | 3.394066 |
| 2024-06-14 | 0.730 | 3.726391 |
| 2024-05-15 | 0.732 | 3.649053 |
| 2024-04-17 | 0.632 | 3.172691 |
| 2024-03-14 | 0.568 | 2.717703 |
| 2024-02-15 | 0.534 | 2.580957 |
| Attribute | Value |
|---|---|
| All Time High | 21.94 |
| All Time Low | 7.47 |
| Ask | 7.8 |
| Ask Size | 3,400 |
| Average Daily Volume10 Day | 1,574,320 |
| Average Daily Volume3 Month | 1,756,724 |
| Average Volume | 1,756,724 |
| Average Volume10Days | 1,574,320 |
| Beta3 Year | 0.0 |
| Bid | 7.79 |
| Bid Size | 10,300 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 7.895 |
| Day Low | 7.78 |
| Dividend Yield | 40.25 |
| Eps Trailing Twelve Months | 0.24328879 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 8.2624 |
| Fifty Day Average Change | -0.4423995 |
| Fifty Day Average Change Percent | -0.053543705 |
| Fifty Two Week Change Percent | -42.89834 |
| Fifty Two Week High | 14.114 |
| Fifty Two Week High Change | -6.294 |
| Fifty Two Week High Change Percent | -0.4459402 |
| Fifty Two Week Low | 7.47 |
| Fifty Two Week Low Change | 0.35000038 |
| Fifty Two Week Low Change Percent | 0.046854135 |
| Fifty Two Week Range | 7.47 - 14.114 |
| First Trade Date Milliseconds | 1,705,501,800,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,705,363,200 |
| 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 a “fund of funds,” meaning that it primarily invests its assets in the shares of other ETFs, rather than in securities of individual companies. In addition, from time to time, the fund may invest directly in the securities and financial instruments in which one or more Underlying YieldMax™ ETF invests. The fund is non-diversified. |
| Long Name | YieldMax Universe Fund of Option Income ETFs |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1864182167 |
| Nav Price | 7.9841 |
| Net Assets | 425,464,192.0 |
| Net Expense Ratio | 1.33 |
| Open | 7.85 |
| Post Market Change | 0.07999992 |
| Post Market Change Percent | 1.0230169 |
| Post Market Price | 7.9 |
| Post Market Time | 1,783,986,794 |
| Previous Close | 7.92 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0999999 |
| Regular Market Change Percent | -1.26262 |
| Regular Market Day High | 7.895 |
| Regular Market Day Low | 7.78 |
| Regular Market Day Range | 7.78 - 7.895 |
| Regular Market Open | 7.85 |
| Regular Market Previous Close | 7.92 |
| Regular Market Price | 7.82 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 1,761,957 |
| Short Name | YieldMax Universe Fund of Optio |
| Source Interval | 15 |
| Symbol | YMAX |
| Total Assets | 425,464,192 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 32.14287 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 18.53358 |
| Trailing Three Month Returns | 18.53358 |
| Triggerable | 1 |
| Two Hundred Day Average | 9.5882 |
| Two Hundred Day Average Change | -1.7681994 |
| Two Hundred Day Average Change Percent | -0.18441412 |
| Type Disp | ETF |
| Volume | 1,761,957 |
| Yield | 0.4025 |
| Ytd Return | 2.89435 |