Larry Berman CFA, CMT, CTA
YieldMax AMZN Option Income Strategy ETF
AMZY-N
DON'T BUY
Dec 16, 2024
An ETF that has derivatives around it to generate extra income. These are gimmicks. They found a way to charge a management fee for you to buy a stock, just by adding an options strategy. For example, NVDY has underperformed the stock NVDA by 50%, yet charges a 1% MER.
If you like the underlying stock, just buy that and forget about the yield.
An ETF that has derivatives around it to generate extra income. These are gimmicks. They found a way to charge a management fee for you to buy a stock, just by adding an options strategy. For example, NVDY has underperformed the stock NVDA by 50%, yet charges a 1% MER.
If you like the underlying stock, just buy that and forget about the yield.