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Highlights

  • PLTY gives exposure to Palantir (NYSE: PLTR) via an options strategy, not by holding the stock.
  • CONY offers exposure to Coinbase (NASDAQ: COIN) using covered call writing instead of direct share ownership.
  • Both ETFs aim to generate monthly income but cap upside gains during high rallies.
  • PLTY has surged 158% in NAV since launch in October 2024.
  • CONY has grown 167% in NAV since its August 2023 inception.
  • Both funds carry full downside risk and high single-stock volatility.

The YieldMax™ series of single-stock option income ETFs offers targeted exposure to individual companies through actively managed covered call strategies. Instead of holding the underlying shares directly, these funds aim to generate returns by writing call options, providing limited upside potential while maintaining full downside exposure. With products like the YieldMax™ PLTR Option Income Strategy ETF (PLTY) and YieldMax™ COIN Option Income Strategy ETF (CONY), individuals can pursue concentrated bets on specific stocks such as Palantir Technologies and Coinbase Global, albeit with elevated volatility and risk.

YieldMax™ PLTR Option Income Strategy ETF (PLTY)

The YieldMax™ PLTR Option Income Strategy ETF (PLTY) offers targeted exposure to Palantir Technologies Inc. (NYSE: PLTR) through an actively managed options strategy. Rather than holding PLTR shares directly, the fund generates monthly income by selling/writing call options on PLTR while allowing capped participation in share price gains. This approach suits individuals seeking a return with a concentrated single-stock strategy, but it carries high volatility and single-issuer risk.

Performance Summary (as of 31 July 2025)
Over the past three months, PLTY delivered a NAV return of 28.81% and a market price return of 27.87%. Year-to-date returns reached 67.99% (NAV) and 67.62% (market). Since its inception on 7 October 2024, cumulative NAV growth stands at 158.47%, with market price growth of 157.37%.

Key Risk Information

  • The fund does not invest directly in Palantir Technologies Inc. (PLTR) stock, instead using an options-based strategy that may introduce tracking deviations.
    • Its covered call approach caps potential upside, limiting gains during significant PLTR rallies.
    • The fund remains fully exposed to downside risk if PLTR’s share price declines.
    • Monthly income distributions are not guaranteed and depend on options market conditions.
    • Concentration in a single issuer increases volatility compared with diversified ETFs.

Technical Snapshot

On the daily chart, PLTY's ETF prices broke above its most recent peak, indicating a positive bias in the short-term. Moreover, the 14-period Relative Strength Index (RSI) is trading above its midpoint, adding further evidence to the mentioned recommendation. Prices are trading above both trend-following indicators 21-period and 50-period SMAs, which might serve as dynamic support levels for the ETF; in contrast, the ETF’s historical high may act as a resistance. A significant support level for the ETF is positioned at USD 70.00, while critical resistance level is situated at USD 95.00.

YieldMax™ COIN Option Income Strategy ETF (CONY)

The YieldMax™ COIN Option Income Strategy ETF (CONY) offers targeted exposure to Coinbase Global, Inc. (NASDAQ: COIN) through an actively managed options strategy. Rather than holding COIN shares directly, the fund generates monthly returns by selling/writing call options on COIN while allowing capped participation in share price gains. This approach is designed for individuals seeking income with a concentrated single-stock strategy, but it carries high volatility and single-issuer risk.

Fund Snapshot

Performance Summary (as of 31 July 2025)
Over the past three months, CONY delivered an NAV return of 46.64% and a market price return of 46.98%. Year-to-date performance stood at 19.91% (NAV) and 20.16% (market), with one-year returns of 32.05% and 29.50% respectively. Since its inception on 14 August 2023, the fund has achieved cumulative NAV growth of 166.88% and market price growth of 159.85%, translating to annualised gains of 64.82% (NAV) and 62.60% (market).

Key Risk Information
• The fund does not invest directly in Coinbase Global, Inc. (COIN) stock, instead using an options-based strategy that may introduce tracking deviations.
• Its covered call approach caps potential upside, limiting gains during significant COIN rallies.
• The fund remains fully exposed to downside risk if COIN’s share price declines.
• Monthly income distributions are not guaranteed and depend on options market conditions.
• Concentration in a single issuer increases volatility compared with diversified ETFs.
• Coinbase Global, Inc. (NASDAQ: COIN) is a U.S.-based cryptocurrency exchange platform offering trading, custody, and related services.

Technical Snapshot

On the daily chart, CONY ETF prices are undergoing a downtrend characterized by lower highs and lower lows, indicating a negative bias. In contrast, the 14-period Relative Strength Index (RSI) is rebounding from its oversold region, anticipating a potential minor rally. Prices are trading below both trend-following indicators 21-period and 50-period SMAs, which might serve as dynamic resistance levels for the ETF; in contrast, the ETF’s nearest low may act as a support. A significant support level for the ETF is positioned at USD 6.86, while critical resistance level is situated at USD 7.86.

It's important to remember that past performance is not a reliable indicator of future results. When selecting an ETF, it's essential to consider individual sector preferences, risk tolerance, and the specific performance of the underlying index.

Technical Indicators Defined: -

Support: A level at which the ETF prices tend to find support if they are falling, and a downtrend may take a pause, backed by demand or buying interest. Support 1 refers to the nearby support level for the ETF and if the price breaches the level, then Support 2 may act as the crucial support level for the ETF.

Resistance: A level at which the ETF prices tend to find resistance when they are rising, and an uptrend may pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the ETF, and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the ETF.

Abbreviations

CMP: Current Market Price
SMA: Simple Moving Average
RSI: Relative Strength Index
USD: United States Dollar