YieldMax Ultra Option Income Strategy ETF (ULTY)

YieldMax Ultra Option Income Strategy ETF is trading at $21.53, down 4.06% on the session. The 50 day average sits at $25.30 and the 200 day at $29.89, which puts the stock in a downtrend. RSI is at 27.6, which reads as oversold, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $22.52 with resistance near $26.14, so that band frames the current range. Average daily movement is roughly $0.43, or about 2.0% of the share price, which is what any stop placement has to allow for. The overall health score of 33 out of 100 combines a trend score of 3, momentum of 37 and a risk score of 77.

The fund is an actively managed exchange-traded fund that seeks current income while providing direct and/or indirect exposure to the share price of select U.S. listed securities, subject to a limit on potential investment gains. It uses both traditional and synthetic covered call strategies that are designed to produce higher income levels when the underlying securities experience more volatility. The fund is non-diversified.