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You can get an exceptional level of current income with this ETF. But it comes at a cost.
The YieldMax NVDA Option Income Strategy ETF (NVDY -0.83%) uses the power of covered call options to create an exceptional income stream from Nvidia (NVDA -1.02%) stock. But there's a catch. In this video, I explain how the YieldMax ETF works, and what investors should know before they start chasing an amazing yield.
*Stock prices used were the morning prices of July 2, 2024. The video was published on July 3, 2024.
Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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