YieldMax Ultra Option Income Strategy ETF (ULTY) is a YieldMax option-income ETF that generates its weekly distribution from an options strategy on a high-volatility basket. It uses a actively managed covered call approach: the fund collects option premium over the cycle, and that premium is the income source that can fund the distribution. ULTY belongs to Group 1 (weekly distribution cycle).
This page tracks how that income forms inside the current cycle (2026-08-12 to 2026-08-18), 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 ULTY, the most recent figures show net per share of $0.0763, an ETF price of $27.20, and assets under management of $759M.
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 | CC | 392.5C | S | 970 | $652,810 | $0 | $0 | CR |
| 08/12 | 08/14 | CSPREAD | 127C/132C | CR | 2,574 | $157,014 | $28,314 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 155C/160C | CR | 1,980 | $102,960 | $21,780 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 160C/170C | CR | 769 | $93,049 | $13,842 | $0 | ROLL |
| 08/12 | 08/14 | CSPREAD | 175C/185C | CR | 372 | $40,548 | $4,092 | $0 | ROLL |
| 08/12 | 08/14 | PSPREAD | 120P/123P | CR | 1,930 | $23,160 | $46,320 | $0 | ROLL |
| 08/12 | 08/14 | PSPREAD | 140P/148P | CR | 769 | $76,900 | $16,149 | $0 | ROLL |
| 08/12 | 08/14 | PSPREAD | 155P/165P | CR | 372 | $39,060 | $4,464 | $0 | ROLL |
| 08/12 | 08/14 | PSPREAD | 26.5P/28P | CR | 8,905 | $8,905 | $35,620 | $0 | ROLL |
| 08/12 | 08/14 | PSPREAD | 300P/327.5P | CR | 970 | $140,650 | $592,670 | $0 | ROLL |
| 08/12 | 08/14 | SYN | 120P | S | 1,930 | $5,790 | $0 | $0 | CR |
| 08/12 | 08/14 | SYN | 135C | B | 1,930 | $0 | $2,734,810 | $0 | DB |
| 08/12 | 08/14 | SYN | 1870P | S | 200 | $702,600 | $0 | $0 | CR |
| 08/12 | 08/14 | SYN | 1960C | B | 200 | $0 | $47,000 | $0 | DB |
| 08/12 | 08/14 | SYN | 335P | S | 900 | $85,500 | $0 | $0 | CR |
| 08/12 | 08/14 | SYN | 357.5C | B | 900 | $0 | $16,200 | $0 | DB |
| 08/12 | 08/21 | CC | 160C | S | 1,930 | $710,240 | $0 | $0 | CR |
| 08/12 | 08/21 | CC | 1875C | S | 200 | $571,600 | $0 | $0 | CR |
| 08/12 | 08/21 | CC | 350C | S | 900 | $295,200 | $0 | $0 | CR |
| 08/12 | 08/21 | PSPREAD | 540P/600P | CR | 301 | $15,953 | $35,217 | $0 | ROLL |
| 08/12 | 08/21 | SYN | 140P | B | 3,860 | $0 | $1,316,260 | $0 | DB |
| 08/12 | 08/21 | SYN | 145P | S | 1,930 | $1,038,340 | $0 | $0 | CR |
| 08/12 | 08/21 | SYN | 1770P | B | 400 | $0 | $406,800 | $0 | DB |
| 08/12 | 08/21 | SYN | 1800P | S | 200 | $355,400 | $0 | $0 | CR |
| 08/12 | 08/21 | SYN | 320P | B | 900 | $0 | $65,700 | $0 | DB |
| Total | $2,928,049 | $798,468 | $0 | $2,129,581 | |||||
| Expiry | DTE | Type | Side | Strike | Qty | Notional | Potential Cash |
|---|---|---|---|---|---|---|---|
| 08/21 | 8 | C | S | $ 80 | 2,500 | $20,000,000 | $0 |
| 08/21 | 8 | C | S | $ 90 | 385 | $3,465,000 | $0 |
| 08/21 | 8 | C | B | $ 95 | 1,250 | $11,875,000 | $0 |
| 08/21 | 8 | C | S | $ 160 | 1,930 | $30,880,000 | $0 |
| 08/21 | 8 | C | S | $ 350 | 900 | $31,500,000 | $0 |
| 08/21 | 8 | C | S | $ 700 | 301 | $21,070,000 | $0 |
| 08/21 | 8 | C | S | $ 1,740 | 200 | $34,800,000 | $0 |
| 08/21 | 8 | C | S | $ 1,875 | 200 | $37,500,000 | $0 |
| 08/21 | 8 | P | B | $ 65 | 2,500 | $16,250,000 | $0 |
| 08/21 | 8 | P | B | $ 80 | 385 | $3,080,000 | $0 |
| 08/21 | 8 | P | B | $ 140 | 3,860 | $54,040,000 | $0 |
| 08/21 | 8 | P | S | $ 145 | 1,930 | $27,985,000 | $27,985,000 |
| 08/21 | 8 | P | B | $ 320 | 900 | $28,800,000 | $0 |
| 08/21 | 8 | P | B | $ 610 | 301 | $18,361,000 | $0 |
| 08/21 | 8 | P | B | $ 1,480 | 400 | $59,200,000 | $0 |
| 08/21 | 8 | P | S | $ 1,600 | 200 | $32,000,000 | $32,000,000 |
| 08/21 | 8 | P | B | $ 1,770 | 400 | $70,800,000 | $0 |
| 08/21 | 8 | P | S | $ 1,800 | 200 | $36,000,000 | $36,000,000 |
| 08/14 | 1 | C | S | $ 30 | 8,905 | $26,715,000 | $0 |
| 08/14 | 1 | C | S | $ 31.50 | 8,120 | $25,578,000 | $0 |
| 08/14 | 1 | C | B | $ 35 | 8,120 | $28,420,000 | $0 |
| 08/14 | 1 | C | S | $ 94 | 3,053 | $28,698,200 | $0 |
| 08/14 | 1 | C | S | $ 99 | 2,170 | $21,483,000 | $0 |
| 08/14 | 1 | C | S | $ 100 | 2,431 | $24,310,000 | $0 |
| 08/14 | 1 | C | S | $ 127 | 2,574 | $32,689,800 | $0 |
| 08/14 | 1 | C | S | $ 155 | 1,980 | $30,690,000 | $0 |
| 08/14 | 1 | C | S | $ 160 | 1,537 | $24,592,000 | $0 |
| 08/14 | 1 | C | S | $ 175 | 1,722 | $30,135,000 | $0 |
| 08/14 | 1 | C | S | $ 205 | 952 | $19,516,000 | $0 |
| 08/14 | 1 | C | S | $ 222.50 | 1,442 | $32,084,500 | $0 |
| 08/14 | 1 | C | S | $ 325 | 961 | $31,232,500 | $0 |
| 08/14 | 1 | C | S | $ 325 | 1,080 | $35,100,000 | $0 |
| 08/14 | 1 | C | S | $ 392.50 | 970 | $38,072,500 | $0 |
| 08/14 | 1 | C | S | $ 405 | 783 | $31,711,500 | $0 |
| 08/14 | 1 | C | S | $ 422.50 | 630 | $26,617,500 | $0 |
| 08/14 | 1 | C | S | $ 465 | 400 | $18,600,000 | $0 |
| 08/14 | 1 | C | S | $ 500 | 669 | $33,450,000 | $0 |
| 08/14 | 1 | C | S | $ 865 | 390 | $33,735,000 | $0 |
| 08/14 | 1 | C | S | $ 935 | 366 | $34,221,000 | $0 |
| 08/14 | 1 | P | B | $ 26.50 | 8,905 | $23,598,250 | $0 |
| 08/14 | 1 | P | B | $ 27 | 16,240 | $43,848,000 | $0 |
| 08/14 | 1 | P | S | $ 29 | 8,120 | $23,548,000 | $23,548,000 |
| 08/14 | 1 | P | B | $ 83 | 6,106 | $50,679,800 | $0 |
| 08/14 | 1 | P | S | $ 87 | 3,053 | $26,561,100 | $26,561,100 |
| 08/14 | 1 | P | B | $ 88 | 4,862 | $42,785,600 | $0 |
| 08/14 | 1 | P | B | $ 89 | 2,170 | $19,313,000 | $0 |
| 08/14 | 1 | P | S | $ 91 | 2,431 | $22,122,100 | $22,122,100 |
| 08/14 | 1 | P | B | $ 117 | 5,148 | $60,231,600 | $0 |
| 08/14 | 1 | P | S | $ 123 | 2,574 | $31,660,200 | $31,660,200 |
| 08/14 | 1 | P | B | $ 140 | 3,960 | $55,440,000 | $0 |
| 08/14 | 1 | P | B | $ 140 | 1,537 | $21,518,000 | $0 |
| 08/14 | 1 | P | S | $ 147 | 1,980 | $29,106,000 | $29,106,000 |
| 08/14 | 1 | P | B | $ 155 | 1,722 | $26,691,000 | $0 |
| 08/14 | 1 | P | B | $ 185 | 1,904 | $35,224,000 | $0 |
| 08/14 | 1 | P | S | $ 195 | 952 | $18,564,000 | $18,564,000 |
| 08/14 | 1 | P | B | $ 205 | 2,884 | $59,122,000 | $0 |
| 08/14 | 1 | P | S | $ 217.50 | 1,442 | $31,363,500 | $31,363,500 |
| 08/14 | 1 | P | B | $ 275 | 1,080 | $29,700,000 | $0 |
| 08/14 | 1 | P | B | $ 285 | 961 | $27,388,500 | $0 |
| 08/14 | 1 | P | B | $ 327.50 | 970 | $31,767,500 | $0 |
| 08/14 | 1 | P | B | $ 335 | 900 | $30,150,000 | $0 |
| 08/14 | 1 | P | S | $ 350 | 900 | $31,500,000 | $31,500,000 |
| 08/14 | 1 | P | B | $ 367.50 | 1,566 | $57,550,500 | $0 |
| 08/14 | 1 | P | B | $ 377.50 | 630 | $23,782,500 | $0 |
| 08/14 | 1 | P | S | $ 382.50 | 783 | $29,949,750 | $29,949,750 |
| 08/14 | 1 | P | B | $ 405 | 400 | $16,200,000 | $0 |
| 08/14 | 1 | P | B | $ 430 | 669 | $28,767,000 | $0 |
| 08/14 | 1 | P | B | $ 800 | 780 | $62,400,000 | $0 |
| 08/14 | 1 | P | B | $ 825 | 366 | $30,195,000 | $0 |
| 08/14 | 1 | P | S | $ 825 | 390 | $32,175,000 | $32,175,000 |
| Totals (Unrealized) | $2,198,159,400 | $372,534,650 | |||||