CVNY - YieldMax CVNA Option Income Strategy ETF
The YieldMax CVNA Option Income Strategy ETF (CVNY) is an actively managed exchange-traded fund that seeks to generate weekly income by selling call options or call spreads on CVNA. The strategy is designed to capture option premiums while providing participation in the share price appreciation of CVNA.
As of May 15, 2026: spot at $24.31, ATM IV 106.4%, net GEX -$838.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $51.4M
- Beta
- 1.48
- 52-Week Range
- 22.07-48.32
- Dividend Yield
- $27.25
- IPO Date
- Jan 29, 2025
- Exchange
- AMEX
What CVNY Looks Like to Options Traders Today
IV rank of 82.0% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); negative net gamma exposure (-$838) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.059) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The CVNY overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked CVNY overview questions
- What is CVNY?
- CVNY is the ticker symbol for YieldMax CVNA Option Income Strategy ETF, an listed exchange-traded fund. The YieldMax CVNA Option Income Strategy ETF (CVNY) is an actively managed exchange-traded fund that seeks to generate weekly income by selling call options or call spreads on CVNA. The strategy is designed to capture option premiums while providing participation in the share price appreciation of CVNA. Listed on AMEX. CVNY is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the CVNY options snapshot look like today?
- As of May 15, 2026, the CVNY options snapshot shows spot at $24.31, ATM IV 106.4%, IV rank 82.0%, net GEX -$838, expected move 30.50%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are CVNY's key statistics?
- YieldMax CVNA Option Income Strategy ETF (CVNY) carries a market capitalization of $51.4M, 52-week range of 22.07-48.32. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does CVNY belong to?
- YieldMax CVNA Option Income Strategy ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare CVNY's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the CVNY data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.