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About Tidal Trust II YieldMax ABNB Option Income Strategy ETF
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Inception date
Jun 24, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
ABNY aims to generate monthly income while providing exposure to the price returns of the Airbnb stock (ABNB), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of ABNB by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above ABNB's current share price. This limits participation in potential gains if ABNB shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in ABNB stocks. Thus, investors are not entitled to any ABNB dividends.
Classification
What's in the fund
Exposure type
Government
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.