YieldMax ARKK Option Income Strategy ETF (OARK) is an actively managed exchange-traded fund that seeks current monthly income through a synthetic covered call strategy on the ARK Innovation ETF (ARKK), collateralized by cash and U.S. Treasurys; it employs both standardized exchange-traded options and FLEX options with call periods generally of one month or less and strike prices approximately 5%-15% above ARKK's current share price, providing capped upside participation in ARKK's price gains while retaining full exposure to potential losses. The fund does not invest directly in ARKK shares or entitle shareholders to ARKK dividends, and its portfolio is concentrated in the disruptive innovation theme via options exposure, including risks from information technology sector volatility, derivatives, and price participation limits. OARK trades on U.S. exchanges, targets income-seeking investors exposed indirectly to ARKK's holdings in domestic and foreign equities focused on disruptive innovation, and is part of the YieldMax suite of over 50 option income strategy ETFs offered through Tidal Investments LLC as sponsor.
Launched on November 22, 2022, and domiciled in the United States with management by Tidal personnel including Jay Pestrichelli, Charles Ragauss, and Qiao Duan, OARK operates primarily in the U.S. market without specified international geographic focus beyond ARKK's underlying exposures. In January 2025, YieldMax ETFs announced enhanced trading capabilities following the integration of ZEGA Financial with Tidal Investments, uniting derivatives trading expertise to support platform expansion and improved options-based strategies across the YieldMax family, including OARK. This strategic alliance bolsters infrastructure for YieldMax's innovative income solutions amid ongoing refinements to sister funds like ULTY in December 2025, reflecting broader operational enhancements in portfolio construction and risk management.