YieldMax XYZ Option Income Strategy ETF (XYZY) Covered Calls

Running XYZY covered calls helps you generate income from YieldMax XYZ Option Income Strategy ETF shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best XYZY covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If XYZY stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling XYZY covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given XYZY covered call is worth writing.

The YieldMax XYZ Option Income Strategy ETF (XYZY) is an actively managed exchange-traded fund that seeks to generate weekly income by selling call options or call spreads on XYZ. The strategy is designed to capture option premiums while providing participation in the share price appreciation of XYZ.