GDXY: How YieldMax Turns GDX Into Cash Flow

Summary

• GDXY ETF generates monthly income by selling options on GDX, balancing synthetic covered calls and Treasuries for stability and yield.
• The fund benefits from higher implied volatility and a weaker dollar, which support gold prices and option premiums.
• Current macro trends, including a steepening yield curve and potential dollar devaluation, create a favorable environment for GDXY's strategy.
• I recommend holding GDXY if already owned, but suggest waiting for tariff clarity before initiating new positions.

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Introduction

In today's article, we will analyze the YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY), which operates under the umbrella of the YieldMax manager. It is an actively managed fund that seeks to generate

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.