Key stats
About Tidal Trust II Yieldmax AMD Option Income Strategy ETF
Expense ratio
0.99%
Home page
Inception date
Sep 18, 2023
AMDY aims to generate monthly income while providing exposure to the price returns of the Advanced Micro Devices, Inc. stock (AMD), subject to a cap on potential investment 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. The synthetic long exposure seeks to replicate the price movements of AMD by purchasing and selling at-the-money call and put options that generally have six-month to one-year terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approx. 5%-15% above AMDs current share price. This limits the funds participation in potential gains if AMD shares increase in value. Lastly, the fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in Advanced Micro Devices, Inc. stocks. Thus, investors are not entitled to any AMD dividends.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region