WNTR - YieldMax MSTR Short Option Income Strategy ETF
The YieldMax Short MSTR Option Income Strategy ETF (WNTR) is an actively managed exchange-traded fund designed to produce regular weekly income. It achieves this objective by implementing a synthetic covered put options strategy focused on Strategy Inc (MSTR) shares. This sophisticated strategy is structured to collect income from option premiums while simultaneously establishing a bearish (short) position against the price movements of MSTR stock.
As of Jun 30, 2026: spot at $30.99, ATM IV 57.6%, max pain $27.00, net GEX $7.1K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $50.3M
- Beta
- -1.58
- 52-Week Range
- 20.85-45.53
- Dividend Yield
- $27.86
- IPO Date
- Mar 27, 2025
- Exchange
- AMEX
What WNTR Looks Like to Options Traders Today
IV rank of 31.4% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($7.1K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.096) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The WNTR 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 WNTR overview questions
- What is WNTR?
- WNTR is the ticker symbol for YieldMax MSTR Short Option Income Strategy ETF, an listed exchange-traded fund. The YieldMax Short MSTR Option Income Strategy ETF (WNTR) is an actively managed exchange-traded fund designed to produce regular weekly income. It achieves this objective by implementing a synthetic covered put options strategy focused on Strategy Inc (MSTR) shares. Listed on AMEX. WNTR 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 WNTR options snapshot look like today?
- As of Jun 30, 2026, the WNTR options snapshot shows spot at $30.99, ATM IV 57.6%, IV rank 31.4%, max pain $27.00, net GEX $7.1K, expected move 16.51%. 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 WNTR's key statistics?
- YieldMax MSTR Short Option Income Strategy ETF (WNTR) carries a market capitalization of $50.3M, 52-week range of 20.85-45.53. 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 WNTR belong to?
- YieldMax MSTR Short Option Income Strategy ETF operates in the Financial Services sector, in the Asset Management - Leveraged 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 WNTR'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 WNTR 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.