Opinions John Hood
YieldMax NVDA Option Income Strategy ETFNVDYDON'T BUYJan 10, 2025
$22.41
Stock price when the opinion was issued
$12.74
As of Jun 10, 2026. Market Open.
0
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DON'T BUY
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.
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.