ARCX · Active · options-income

YieldMax PLTR Option Income Strategy ETF

Tidal Investments LLC

Weighted score · 3.25 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Weekly · 52% ROC

Expense Ratio

1.44% gross

1Y Return

vs underlying

Sharpe

Max DD -41.4%

The Fund's primary investment objective is to seek current income.

PLTY is an actively managed ETF that employs a synthetic covered call strategy (or synthetic covered call spread strategy) to generate monthly income while providing indirect exposure to the share price returns of Palantir Technologies Inc. (PLTR). The Fund does not own PLTR directly; instead it uses a combination of purchased and sold call and put options (including FLEX options) to synthetically replicate ~100% long exposure to PLTR, while selling short-dated call options (0%–15% out-of-the-money, 1-month or less) to generate premium income. U.S. Treasury securities are held as collateral and also contribute income. The strategy limits upside participation beyond the sold call strike price while retaining full downside exposure.

The Fund buys at-the-money call options and sells at-the-money put options on PLTR to create ~100% synthetic long exposure, then writes short-dated (1-month or less) call options with strike prices approximately 0%–15% above the current share price to generate premium income. Alternatively, the Adviser may sell credit call spreads (selling a call and buying a higher-strike call) when it anticipates significant near-term appreciation in PLTR. The Fund continuously rolls its options positions as they expire or are exercised.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

Trailing-quarter return of capital averaged 51.5% of distributions (dollar-weighted across 14 distributions payable 3/27/26–6/26/26). Most recent distribution (6/26/26): 0.0% ROC. Single-week ROC is volatile for option-income funds; the dollar-weighted quarter is the steadier read.

Return of capital ($/sh)

Net investment income ($/sh)

Monthly ROC %

Calendar-year ROC (YTD est.)

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bearish — 50-DMA below 200-DMA

Price $27.45 is below the 200-day SMA ($35.72); 50-day SMA $32.03. The 50-day SMA sits below the 200-day — an established downtrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.53% (wide). Average daily dollar volume ~$7.3M (adequate). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)