YieldMax MSTR Option Income Strategy ETF (MSTY) is a YieldMax option-income ETF that generates its weekly distribution from an options strategy on MSTR. It uses a synthetic covered call approach: the fund collects option premium over the cycle, and that premium is the income source that can fund the distribution. MSTY belongs to Group 2 (weekly distribution cycle).
This page tracks how that income forms inside the current cycle (2026-08-06 to 2026-08-12), rather than only reporting the final distribution number. The tables below show realized trades and current option holdings as evidence of where the cashflow came from. For MSTY, the most recent figures show net per share of $0.3640, an ETF price of $12.55, and assets under management of $735M.
Read the realized trades first (locked-in outcomes for the cycle so far), then the unrealized holdings as a snapshot of current exposure. Distributions are variable, may include return of capital, and are not guaranteed. Nothing here is investment advice.
| Date | Expiry | Type | Legs | Side | Contracts | P_IN | P_OUT | SETTLE | Badges |
|---|---|---|---|---|---|---|---|---|---|
| 08/12 | 08/14 | CSPREAD | 105C/110C | CR | 1 | $5 | $19 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 105C/110C | CR | 199 | $398 | $3,184 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 105C/110C | CR | 2,000 | $6,000 | $34,000 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 105C/110C | CR | 3,000 | $15,000 | $66,000 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 105C/110C | CR | 3,000 | $12,000 | $57,000 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 105C/111C | CR | 1,000 | $2,000 | $16,000 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 105C/111C | CR | 1,500 | $7,500 | $25,500 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 106C/111C | CR | 1,500 | $3,000 | $27,000 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 106C/111C | CR | 2,000 | $14,000 | $50,000 | $0 | ROLL |
| 08/12 | 08/21 | CC | 110C | S | 900 | $55,800 | $0 | $0 | CR |
| 08/12 | 08/21 | CSPREAD | 100C/105C | CR | 3,500 | $997,500 | $542,500 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98.5C/103C | CR | 1,000 | $286,000 | $147,000 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98.5C/104C | CR | 1,000 | $265,000 | $132,000 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98.5C/104C | CR | 2,000 | $554,000 | $278,000 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98C/103C | CR | 1,000 | $281,000 | $161,000 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98C/103C | CR | 1,000 | $286,000 | $148,000 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98C/103C | CR | 1,000 | $272,000 | $151,000 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98C/103C | CR | 1,000 | $276,000 | $142,000 | $0 | ROLL |
| 08/12 | 08/21 | CSPREAD | 98C/103C | CR | 1,000 | $279,000 | $145,000 | $0 | ROLL |
| 08/12 | 08/21 | SYN | 110.01P | B | 900 | $0 | $1,353,600 | $0 | DB |
| 08/12 | 10/16 | SYN | 95.01P | S | 900 | $970,200 | $0 | $0 | CR |
| 08/12 | 10/16 | SYN | 95C | B | 900 | $0 | $1,081,800 | $0 | DB |
| 08/11 | 08/14 | CSPREAD | 101C/106C | CR | 1,500 | $54,000 | $162,000 | $0 | ROLL |
| 08/11 | 08/21 | CC | 110C | S | 1,500 | $129,000 | $0 | $0 | CR |
| 08/11 | 08/21 | CC | 95C | S | 29,375 | $18,506,250 | $0 | $0 | CR |
| 08/11 | 08/21 | CC | 95C | S | 14,840 | $9,349,200 | $0 | $0 | CR |
| 08/11 | 08/21 | SYN | 110.01P | B | 1,500 | $0 | $2,226,000 | $0 | DB |
| 08/11 | 08/21 | SYN | 95.01P | B | 29,375 | $0 | $7,931,250 | $0 | DB |
| 08/11 | 08/21 | SYN | 95.01P | B | 14,840 | $0 | $4,006,800 | $0 | DB |
| 08/11 | 10/16 | SYN | 95.01P | S | 29,375 | $29,375,000 | $0 | $0 | CR |
| 08/11 | 10/16 | SYN | 95.01P | S | 14,840 | $14,840,000 | $0 | $0 | CR |
| 08/11 | 10/16 | SYN | 95C | B | 29,375 | $0 | $41,918,125 | $0 | DB |
| 08/11 | 10/16 | SYN | 95C | B | 14,840 | $0 | $21,176,680 | $0 | DB |
| 08/07 | 08/07 | CSPREAD | 100C/104C | CR | 5,000 | $105,000 | $1,085,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 100C/105C | CR | 2,200 | $11,000 | $237,600 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 100C/105C | CR | 2,500 | $5,000 | $45,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 100C/105C | CR | 2,500 | $7,500 | $140,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 95C/100C | CR | 1,750 | $509,250 | $1,319,500 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 96C/101C | CR | 2,500 | $407,500 | $1,447,500 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 96C/101C | CR | 2,500 | $275,000 | $1,237,500 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 96C/101C | CR | 2,500 | $287,500 | $1,200,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 96C/101C | CR | 3,500 | $1,155,000 | $2,817,500 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 97C/102C | CR | 2,200 | $154,000 | $926,200 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 97C/102C | CR | 3,000 | $207,000 | $1,779,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 97C/102C | CR | 3,000 | $288,000 | $1,413,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 97C/102C | CR | 3,500 | $280,000 | $1,540,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 97C/103C | CR | 2,500 | $22,500 | $1,180,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 98C/102C | CR | 3,000 | $447,000 | $1,065,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 98C/102C | CR | 3,000 | $285,000 | $1,212,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 98C/102C | CR | 3,937 | $314,960 | $1,496,060 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 99C/103C | CR | 2,000 | $4,000 | $72,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 99C/103C | CR | 2,500 | $85,000 | $220,000 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 99C/103C | CR | 3,737 | $123,321 | $979,094 | $0 | ROLL |
| 08/07 | 08/07 | CSPREAD | 99C/103C | CR | 4,000 | $12,000 | $112,000 | $0 | ROLL |
| 08/07 | 08/14 | CC | 110C | S | 3,000 | $246,000 | $0 | $0 | CR |
| 08/07 | 08/14 | CC | 111C | S | 4,000 | $228,000 | $0 | $0 | CR |
| 08/07 | 08/14 | CSPREAD | 100C/105C | CR | 1,000 | $299,000 | $153,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 100C/105C | CR | 3,000 | $909,000 | $507,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 100C/105C | CR | 5,000 | $1,430,000 | $725,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 101C/106C | CR | 5,000 | $1,175,000 | $585,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 102C/105C | CR | 2,000 | $500,000 | $330,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 102C/105C | CR | 3,000 | $765,000 | $459,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 102C/105C | CR | 4,000 | $852,000 | $652,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 102C/106C | CR | 4,000 | $984,000 | $492,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 102C/106C | CR | 5,000 | $1,040,000 | $590,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 104C/107C | CR | 5,000 | $1,425,000 | $515,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 104C/107C | CR | 5,000 | $1,555,000 | $505,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 104C/109C | CR | 1,750 | $588,000 | $302,750 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 104C/109C | CR | 2,590 | $756,280 | $401,450 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/107C | CR | 2,000 | $550,000 | $252,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/107C | CR | 3,000 | $771,000 | $378,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/107C | CR | 4,000 | $1,084,000 | $416,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/109C | CR | 5,000 | $1,530,000 | $720,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/110C | CR | 937 | $73,086 | $149,920 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/110C | CR | 1,000 | $282,000 | $142,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/110C | CR | 1,700 | $481,100 | $251,600 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/110C | CR | 2,437 | $757,907 | $399,668 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 105C/110C | CR | 2,500 | $807,500 | $430,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 106C/109C | CR | 5,000 | $1,550,000 | $765,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 106C/111C | CR | 2,500 | $715,000 | $377,500 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 106C/111C | CR | 2,500 | $812,500 | $430,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 106C/111C | CR | 2,500 | $795,000 | $417,500 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 107C/110C | CR | 4,000 | $324,000 | $492,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 107C/110C | CR | 5,000 | $1,500,000 | $810,000 | $0 | ROLL |
| 08/07 | 08/14 | CSPREAD | 110C/110C | CR | 2,000 | $162,000 | $288,000 | $0 | |
| 08/07 | 08/14 | CSPREAD | 111C/111C | CR | 5,000 | $295,000 | $810,000 | $0 | |
| 08/07 | 08/14 | CSPREAD | 112C/112C | CR | 2,500 | $120,000 | $407,500 | $0 | |
| 08/07 | 08/14 | CSPREAD | 113C/113C | CR | 2,500 | $110,000 | $365,000 | $0 | |
| 08/07 | 08/14 | SYN | 110C | B | 2,000 | $0 | $274,000 | $0 | DB |
| 08/07 | 08/14 | SYN | 110C | B | 1,500 | $0 | $195,000 | $0 | DB |
| 08/07 | 08/14 | SYN | 111C | B | 2,000 | $0 | $244,000 | $0 | DB |
| 08/07 | 08/14 | SYN | 111C | B | 1,500 | $0 | $169,500 | $0 | DB |
| 08/06 | 08/07 | CSPREAD | 94C/99C | CR | 450 | $55,800 | $184,950 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 94C/99C | CR | 1,000 | $132,000 | $429,000 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 94C/99C | CR | 1,000 | $131,000 | $423,000 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 94C/99C | CR | 1,500 | $184,500 | $609,000 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 94C/99C | CR | 2,500 | $405,000 | $1,175,000 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 94C/99C | CR | 2,500 | $390,000 | $1,162,500 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 95C/100C | CR | 750 | $45,750 | $218,250 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 95C/100C | CR | 2,500 | $277,500 | $970,000 | $0 | ROLL |
| 08/06 | 08/07 | CSPREAD | 95C/100C | CR | 2,500 | $155,000 | $702,500 | $0 | ROLL |
| 08/06 | 08/14 | CC | 100C | S | 3,000 | $825,000 | $0 | $0 | CR |
| 08/06 | 08/14 | CSPREAD | 101C/105C | CR | 1,500 | $394,500 | $211,500 | $0 | ROLL |
| 08/06 | 08/14 | CSPREAD | 101C/106C | CR | 450 | $121,950 | $63,450 | $0 | ROLL |
| 08/06 | 08/14 | CSPREAD | 101C/106C | CR | 1,000 | $279,000 | $141,000 | $0 | ROLL |
| 08/06 | 08/14 | CSPREAD | 101C/106C | CR | 1,000 | $272,000 | $139,000 | $0 | ROLL |
| 08/06 | 08/14 | CSPREAD | 101C/106C | CR | 2,500 | $740,000 | $390,000 | $0 | ROLL |
| 08/06 | 08/14 | CSPREAD | 101C/106C | CR | 2,500 | $760,000 | $392,500 | $0 | ROLL |
| 08/06 | 08/14 | CSPREAD | 101C/106C | CR | 2,500 | $745,000 | $380,000 | $0 | ROLL |
| 08/06 | 08/14 | SYN | 106C | B | 1,500 | $0 | $202,500 | $0 | DB |
| 08/06 | 08/14 | SYN | 106C | B | 1,500 | $0 | $177,000 | $0 | DB |
| Total | $68,022,557 | $45,921,695 | $0 | $22,100,862 | |||||
| Expiry | DTE | Type | Side | Strike | Qty | ITM/OTM | ITM% | Notional | Potential Cash |
|---|---|---|---|---|---|---|---|---|---|
| 10/16 | 64 | C | B | $ 95 | 45,115 | ITM | 2.45% | $428,592,500 | $0 |
| 10/16 | 64 | P | S | $ 95 | 45,115 | OTM | -2.44% | $428,637,615 | $428,637,615 |
| 09/18 | 36 | C | B | $ 100 | 32,250 | OTM | -2.67% | $322,500,000 | $0 |
| 09/18 | 36 | P | S | $ 100 | 32,250 | ITM | 2.68% | $322,532,250 | $322,532,250 |
| 08/21 | 8 | C | S | $ 98 | 5,000 | OTM | -0.68% | $49,000,000 | $0 |
| 08/21 | 8 | C | S | $ 98.50 | 4,000 | OTM | -1.19% | $39,400,000 | $0 |
| 08/21 | 8 | C | S | $ 100 | 3,500 | OTM | -2.67% | $35,000,000 | $0 |
| 08/21 | 8 | C | B | $ 103 | 6,000 | OTM | -5.50% | $61,800,000 | $0 |
| 08/21 | 8 | C | B | $ 104 | 3,000 | OTM | -6.41% | $31,200,000 | $0 |
| 08/21 | 8 | C | B | $ 105 | 3,500 | OTM | -7.30% | $36,750,000 | $0 |
| 08/14 | 1 | C | S | $ 100 | 12,000 | OTM | -2.67% | $120,000,000 | $0 |
| 08/14 | 1 | C | S | $ 101 | 14,950 | OTM | -3.63% | $150,995,000 | $0 |
| 08/14 | 1 | C | S | $ 102 | 18,000 | OTM | -4.58% | $183,600,000 | $0 |
| 08/14 | 1 | C | S | $ 104 | 14,340 | OTM | -6.41% | $149,136,000 | $0 |
| 08/14 | 1 | C | B | $ 105 | 10,500 | OTM | -7.30% | $110,250,000 | $0 |
| 08/14 | 1 | C | B | $ 106 | 16,450 | OTM | -8.18% | $174,370,000 | $0 |
| 08/14 | 1 | C | B | $ 107 | 18,000 | OTM | -9.04% | $192,600,000 | $0 |
| 08/14 | 1 | C | B | $ 109 | 14,340 | OTM | -10.71% | $156,306,000 | $0 |
| Totals (Unrealized) | $2,992,669,365 | $751,169,865 | |||||||