Stockchase Opinions

Larry Berman CFA, CMT, CTAYieldMax NVDA Option Income Strategy ETFNVDYDON'T BUYDec 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.

$23.00

Stock price when the opinion was issued

$12.74

As of Jun 10, 2026. Market Open.

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DON'T BUY

There are a number of these single-share ETFs. Some of them have covered calls in them, and this may be one of them. Problem is they have lots of leverage, like a bug looking for a windshield. Day trading, not investing.