2024-07-15 00:24:17 ET
Summary
- YieldMax NVDA Option Income Strategy ETF offers high yield income via covered call strategy, with a current dividend yield of 105%, based on the latest monthly dividend which is variable.
- NVDY relies on NVDA stock, leading to single issuer risk, but offers potential for price appreciation and monthly income from options premiums.
- NVDY is a top-ranked nontraditional equity/derivative income fund, providing high yield income with some growth potential for investors.
I am a writer and an investor in the stock market, and my path has diverged from the traditional accumulation phase where my focus was on portfolio growth, to one where income matters more to me. Lately, I have become enamored with the opportunity to realize both growth and high yield income from an ETF, the YieldMax NVDA Option Income Strategy ETF ( NVDY ) specifically. The fund does not invest in Nvidia ( NVDA ) stock directly, but instead generates high yield income from a covered call strategy. The current dividend yield, based on the latest monthly dividend projected forward for 12 months, is 105%....
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NVDY: Earn High-Yield Income From An ETF Focused On Nvidia