About Tidal ETF Trust II YieldMax NVDA Option Income Strategy ETF (NVDY)

The Tidal ETF Trust II YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that aims to generate income through an options strategy focused on the stock of NVIDIA Corporation (NVDA). The ETF seeks to provide investors with exposure to NVDA while also employing options to enhance income. NVDA is a leading provider of graphics processing units (GPUs) and has seen significant growth in recent years due to increased demand for GPUs in various applications.

The NVDY ETF is designed to track the performance of the CBOE NASDAQ-100 BuyWrite V2 Index, which reflects a buy-write strategy on NVDA. A buy-write strategy involves simultaneously buying NVDA stock and writing (selling) call options on that stock. By writing call options, the ETF generates income in the form of option premiums. This income can help enhance the overall returns of the ETF, especially in sideways or slightly rising markets. However, if the price of NVDA increases significantly, the ETF may not fully participate in the stock's upside due to the call options it has sold.