New YieldMax ETF Seeks Synthetic Covered Call Strategy on Amazon

YieldMax has launched the YieldMax AMZN Option Income Strategy ETF (NYSE Arca: AMZY) on the New York Stock Exchange. The actively managed fund seeks to generate monthly income via a synthetic covered call strategy on Amazon.com Inc. (AMZN). AMZY aims to harvest compelling yields while retaining capped participation in Amazon’s price gains. YieldMax noted in a [...] The post New YieldMax ETF Seeks Synthetic Covered Call Strategy on Amazon appeared first on ETF Trends .