The YieldMax AI Option Income Strategy ETF (AIYY) is experiencing upward momentum, driven by favorable conditions in the broader stock options market. On January 2, 2025, major indexes initially surged in pre-market trading, buoyed by gains in mega-cap stocks and a decline in Treasury yields. This positive sentiment in the equity markets is likely contributing to the performance of AIYY, which benefits from strategies tied to stock options. Additionally, the recent drop in weekly initial jobless claims to 211,000, below the expected 224,000, indicates a robust labor market, further supporting investor confidence.
The AIYY ETF is up 0.81% in pre-market hours on Friday, January 3, reaching a price of $8.67 as of 8:00 AM ET.