KEEP TRADING SIMPLE - NVDYGood Morning,
Hope all is well. Love these dividend ETFS - always have some floating around in my portfolio.
Here we have NVDY starting to max out in volume. NVDY tracks options with the NVIDIA stock but also pays out some nice dividends on a monthly basis.
Since I am unsure of the market bott
Key stats
About Tidal ETF Trust II YieldMax NVDA Option Income Strategy ETF
Home page
Inception date
May 10, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
NVDY aims to generate monthly income while providing exposure to the price returns of Nvidia stock (NVDA), 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 NVDA by purchasing and selling at-the-money calls and puts that generally 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 NVDA's current share price. This limits participation in potential gains if NVDA 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 NVDA stocks. Thus, investors are not entitled to any NVDA dividends.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Another Dividend play today, with another 15% or so to run up...Well folks, the game looks to be out of reach for the Chiefs... but the market is never out of reach to make some money!!!
I've included some resistance and support levels along with a few ranges of price movement after hitting the 10 month Supporting Trendline Trading Channel. As you can see, ever
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Summary
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.