YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) Covered Calls

Running YMAG covered calls helps you generate income from YieldMax Magnificent 7 Fund of Option Income ETFs 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 YMAG 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 YMAG 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 YMAG 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 YMAG covered call is worth writing.

The YieldMax Magnificent 7 fund of Option Income ETFs (YMAG) is an actively managed exchange-trade fund that seeks to generate current income. As a “fund of funds,” YMAG primarily invests in YieldMax option income ETFs that provide exposure to the so-called “Magnificent 7” companies. Each underlying YieldMax ETF seeks to generate income while offering exposure to the share price of its respective company.