YieldMax Semiconductor Portfolio Option Income ETF (CHPY)

YieldMax Semiconductor Portfolio Option Income ETF is trading at $56.71, down 6.80% on the session. The 50 day average sits at $65.79 and the 200 day at $67.61, which puts the stock in a downtrend. RSI is at 32.1, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $55.39 with resistance near $68.36, so that band frames the current range. Average daily movement is roughly $2.21, or about 3.9% of the share price, which is what any stop placement has to allow for. The overall health score of 24 out of 100 combines a trend score of 3, momentum of 26 and a risk score of 56.

The fund’s strategy involves: (1) constructing a portfolio of U.S.-listed equity securities of semiconductor companies (each, an “underlying security”) (the “Equity Strategy”) and (2) generating income through an options portfolio (the “Options Strategies”), which involve using options contracts on underlying securities and/or semiconductor ETFs. The fund is non-diversified.