Yieldmax Ultra Option Income Strategy ETF (ULTY)

just move the decimal point to the left one space and that will give you the pre-split value

$ULTY i have been looking at the ULTY OS decrease…. It seems they have been unloading assets and buying back shares. Several momths ago they decided to change from homding options to holding the stocks themselves…. They went from 25m Outstanding to 655m Shares outstanding. Recently i have been taking account over the last 2-3 weeks… they reduced down to 485m shares outstanding. The RSI is also down to way oversold territory 31 … this is not a coincidence. Imagine, buying back OS, by hundreds of millions, but being oversold….. they raised billions at much hogher levels… then they buy back shares at much lower levels… even the dividend they recently paid was an all time low. Furthermore, all of these changes are rapidly happening before or as we enter into a recession. And we are also dealing with a number of problems such as geopolitical issues, and government shut down to allow ULTY managers to buy lower… i think this is synthetic or forced to bring the fund back up with a lower OS…

druguser

I do not expect to see a reverse split as this is an ongoing ETF with a constant DIVI which now is paid weekly.

GLTU

GO4AWILDRIDE

I'm sure it's no surprise to anyone...  This thing has been an ongoing loser. Atwhat point does the reverse split start to rear it's ugly head.

We have similar holdings. I have slightly better entry points than you but not by much. Except $ULTY $5.77 average $JEPQ $QQQI are very solid as well. Its hard to beat the Dividends from YM. A guy on Youtube made a video with an 18 month "stress test" on ULTY. It is a good watch.

It's a crap shoot, below are my entry points and the current values -
$34.98 MSTY $15.02
$51.59 SMCY $16.87
$15.33 TSLY $8.67
$25.35 NVDY $16.69
$18.00 CONY $7.63
$7.54 ULTY $5.53
$10.25 AIYY $2.80
$18.28 XYZY $9.26
and one from Defiance
$13.24 USOY $7.62
All told my ETF portfolio is down 48.54%, but the dividends are very near to the loss.

Yeah, I see it in MSTY, TSYY.

It's pretty much across the board not just ULTY

NAV EROSION IS UNREAL

The fact that the RSI is dropping is bothersome for me, need to get it back into the mid 40s at least.

Interesting for sure 

That's what I do and each week shares add thereby raising number of shares getting the divi.

No muss no fuss just more shares week after week - I love it

ErnieBilco

Just rechecked my account and the DIVI was now in the account.

Used the DIVI to buy more for next weeks DIVI.

Its nice to build up the account week after week, and before you know it we are rich! HEE HEE

GLTU

GO4AWILDRIDE

Not yet but I don't think it posts til after noon, I could be wrong but I've never really paid that much attention to it since it goes in every week.

ErmeBilco

Just checked my account and this weeks DIVI has not posted so far.

Did you receive this weeks DIVI in your account?

GLTU

GO4AWILDRIDE

Love hearing that!!

Been it it since February and they haven't missed a week - lovin it

It's totally legit. Been in it for a little while. It's the new school OTC style returns

I like it. I have PLTW, ULTY and USOY on the weeklies and some monthly I used to buy but weeklies seem like a better way to go.

ErnieBilco

Sound strategy with YIELDMAX ETF's I do the same thing and in no time you have doubled your holdings.

GLTU

GO4AWILDRIDE

I keep adding as I can. One of 3 weekly divi payers I hold. Have them set for divi reinvestment so every week I get shares added to increase the compounding effect.

Wondering the same thing

HomeRunSwing

As my ETF's are in Roths or IRA's I pay no tax.

I seem to recall that the tax is 15% but it is always better to consult with a tax advisor to confirm that.

GLTU

GO4AWILDRIDE

What is the tax on divi income?

I have AIYY, AMDY, CONY, CRSH, MRNY, MSTY, NVDY, TSLY, YBIT, YMAX AND ULTY.

The Yield Max ETF's are a huge part of my portfolio.

Been in them for around 1 year now.

I buy in with the DIVI's to increase my holdings as well as slowly spread into additional ETF's

I also live off the DIVI's to supplement my income.

GLTU

GO4AWILDRIDE

Oh yeah! I have ULTY FIAT YMAX and MSTY. The divis are hard to beat anywhere!

I picked up shares for ULTY along with MSTY and YMAX and vary happy with the results for July.
They do have a high expense ratio but is offset by the high return. This is almost too good to be true. Is there something I am missing?

$0.10 Divi

Holding MSTY, but a tad nervous about covered calls on one ticker (MSTR)

I just had this one recommended to me last week. I haven't looked into it yet.

Any other investors here