The YieldMax Universe Fund of Option Income ETFs (YMAX) experienced upward movement, influenced by recent developments in the covered call market. The Global X Research Team's Monthly Covered Call Report highlighted a notable shift in volatility during the November roll period, which spanned from October 18 to November 15. Initially, volatility spiked, driven by disappointing guidance from major companies regarding artificial intelligence investments. However, the market quickly absorbed this news, leading to a recovery in major indices like the S&P 500 and Nasdaq 100, which appreciated by 2.97% and 2.57%, respectively. This environment allowed covered call funds to maintain high premiums, despite a slight decline in some cases, supporting the performance of option income-focused ETFs like YMAX.
The YMAX ETF closed at $18.35, marking a 0.6% increase for the day, with a further 0.16% rise after market hours, bringing the current price to $18.38.