YieldMax PLTR Option Income Strategy ETF
PLTY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Oct 8, 2024
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax PLTR Option Income Strategy ETF (PLTY) is an actively managed exchange-traded fund that seeks to generate current income and provide capped gains potential on the common stock of Palantir Technologies Inc. (PLTR) through a synthetic covered call strategy. The fund's primary investment objective is monthly income, with a secondary objective of offering exposure to the share price of PLTR, subject to a limit on potential gains; it employs standardized exchange-traded and FLEX options, collateralized by cash and U.S. Treasurys, without directly investing in PLTR shares or selling covered calls. PLTY offers investors a targeted options income product focused on a single high-growth equity name in the technology sector, particularly software and data analytics. The fund writes call options on PLTR with a strike price typically at or above the current share price, aiming to harvest premiums for distribution while retaining limited upside participation; distributions are paid monthly and may include ordinary dividends, capital gains, or return of capital. It operates within the broader YieldMax family of ETFs, which includes similar single-stock option income strategies on names like TSLA, NVDA, and COIN; target customers are income-seeking investors comfortable with options risk, volatility exposure, and the potential for full principal loss if PLTR declines sharply. Geographically, PLTY trades on U.S. exchanges and serves investors worldwide through broker-dealers, with no direct operational footprint beyond fund management. Launched in 2024 by YieldMax ETFs (managed by Tidal Investments LLC), PLTY is headquartered in Milwaukee, Wisconsin, as part of Tidal's suite of over 40 option income ETFs with approximately $10 billion in assets under management. Recent developments include the fund's inception amid a surge in single-stock ETF popularity, with YieldMax announcing expansions in its suite during 2025 to include additional tech-focused strategies; no major acquisitions or partnerships specific to PLTY have been reported, though Tidal has pursued strategic alliances with options exchanges for FLEX product liquidity. In late 2025, YieldMax highlighted enhanced distribution yields for PLTY amid PLTR's stock rally, reflecting ongoing product optimization without structural reorganizations.