MARO - YieldMax MARA Option Income Strategy ETF
The YieldMax MARA Option Income Strategy ETF (MARO) is an actively managed fund engineered to provide a consistent stream of weekly income. It accomplishes this by strategically selling call options or call spreads on the underlying MARA stock. This method is intended to collect premiums generated from these derivatives, while simultaneously offering investors a measure of participation in any upward movement of MARA's share price.
As of Jun 30, 2026: spot at $6.09, ATM IV 91.6%, max pain $7.00, net GEX $608.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Market Cap
- $48.5M
- Beta
- 2.52
- 52-Week Range
- 5.037-27.06
- Dividend Yield
- $11.42
- IPO Date
- Dec 10, 2024
- Exchange
- AMEX
What MARO Looks Like to Options Traders Today
IV rank of 20.0% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($608) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.110) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The MARO 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 MARO overview questions
- What is MARO?
- MARO is the ticker symbol for YieldMax MARA Option Income Strategy ETF, an listed exchange-traded fund. The YieldMax MARA Option Income Strategy ETF (MARO) is an actively managed fund engineered to provide a consistent stream of weekly income. It accomplishes this by strategically selling call options or call spreads on the underlying MARA stock. Listed on AMEX. MARO 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 MARO options snapshot look like today?
- As of Jun 30, 2026, the MARO options snapshot shows spot at $6.09, ATM IV 91.6%, IV rank 20.0%, max pain $7.00, net GEX $608, expected move 26.26%. 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 MARO's key statistics?
- YieldMax MARA Option Income Strategy ETF (MARO) carries a market capitalization of $48.5M, 52-week range of 5.037-27.06. 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 MARO belong to?
- YieldMax MARA Option Income Strategy ETF operates in the Financial Services sector, in the Asset Management - Income 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 MARO'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 MARO data on this page?
- The options snapshot above is dated Jun 30, 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.