Key stats
About Tidal Trust II YieldMax AI Option Income Strategy ETF
Expense ratio
0.99%
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Inception date
Nov 27, 2023
AIYY aims to generate monthly income while providing exposure to the price returns of C3.ai, Inc. stock (AI), 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 AI shares 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 AI's current share price. This limits participation in potential gains if AI 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 AI stocks. Thus, investors are not entitled to any AI 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.