Quick Read

• ULTY’s distributions are funded partly by liquidating shareholder capital rather than option strategy gains, eroding NAV weekly.

• The fund trailed SPY by 43 percentage points despite holding high-volatility stocks designed to generate option premiums.

• The analyst who called NVIDIA in 2010 just named his top 10 stocks and ULTY wasn’t one of them. Get them here FREE.

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) pays weekly cash distributions that annualize to roughly 24% at recent rates. ULTY manages $2.48 billion by selling options against a concentrated basket of high-volatility names. The pitch is simple: a check every week. The risk most ULTY holders miss is the gap between those checks and…