2024-05-16 06:08:06 ET
Summary
- MSTY is a new YieldMax ETF that generates income by selling call options on MicroStrategy, a company with significant Bitcoin holdings.
- The ETF deploys a Synthetic Covered Call Strategy and offers an ultra-high dividend yield of 22.96%.
- I recommend MSTY as a buy for income investors seeking diversified income and believe in the long-term "digital gold" prospects of Bitcoin.
Introduction
Since my last article was written on YieldMax COIN Option Income Strategy ETF (CONY), I've kept watching some other one-stock income ETFs from YieldMax as suggested by the interested readers. I am also working on a selection model in order to identify and filter these "volatility-based" option income ETFs. There have been 21 of such ETF products created so far....
Read the full article on Seeking Alpha
For further details see:
MSTY: A Buy For High-Yield Income And Crypto Diversification