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📈   AMDY Offers Passive Investors An Active Options Strategy For AMD

Finance

YieldMax AMD Option Income Strategy (NYSEARCA:AMDY) is an actively managed ETF with the sole purpose of generating income for the ETF holder through options trading on a single stock, Advanced Micro Devices (AMD). AMDY was launched on September 18, 2023, with the sole intention of offering shareholders an alternative strategy to owning AMD through a derivatives trading strategy, allowing for investors to potentially maximize earnings on the single-name stock. As an actively managed fund, AMDY holds a gross expense ratio of 99bps, on par with other strategies offered by YieldMax. Given the income-generating component of AMDY and passive exposure to AMD, I recommend AMDY with a BUY rating with a maximum allocation of 5%.

seekingalpha.com     Aug 22, 2024