AMZN - AMZY: 50% Yield Outperforming

2024-06-16 09:15:00 ET

Summary

• YieldMax AMZN Option Income Strategy ETF offers a 50%-plus yield through a synthetic covered call strategy on Amazon.com, Inc.
• The AMZY ETF's variable monthly distributions are based on Amazon.com option premiums, with a forward yield of nearly 67%.
• AMZY has outperformed the S&P in 2024, with a total return of 23.19% and a price gain of 9.5% since inception in July 2023.

Has shopping online at Amazon.com, Inc. ( AMZN ) become a habit for you? They certainly make it easy to buy, and to get fast delivery. AMZN may have the best distribution system in history.

Too bad they don't pay a dividend, eh?

Well, there are several ways around that issue, as there are various closed-end funds, or CEFs, and exchange-traded funds, or ETFs, which include AMZN in their holdings. These funds usually sell options to fund their high-yield distributions to shareholders....

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