YieldMax HOOD Option Income Strategy ETF logo

YieldMax HOOD Option Income Strategy ETF (HOOY)

Market Closed
30 Jul, 20:00
ARCA ARCA
$
24. 55
-1.18
-4.5861%
$
- Market Cap
- Div Yield
143,931 Volume
$ 25.73
Previous Close
Investors:
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Day Range
24.54 26.05
Year Range
24.54 80.99
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HOOY: Upgrading To Buy, The Spread Structure Retains More Upside Than I Thought

HOOY: Upgrading To Buy, The Spread Structure Retains More Upside Than I Thought

HOOY is now rated Buy, supported by a year of data showing strong upside capture with moderate income. HOOY's laddered spread mechanism enables participation in flat or grinding up markets, with limited but reasonable drawdown cushion and thinner income than aggressive covered call strategies. A bullish long-term thesis on HOOD is essential for HOOY investors, as the ETF's NAV-erosive high distributions and path dependency require understanding of its mechanics.

Seekingalpha | 2 weeks ago