YMAX - YieldMax Universe Fund of Option Income ETFs
YMAX, officially known as the YieldMax Universe Fund of Option Income ETFs, is a dynamically managed exchange-traded fund whose primary objective is to generate consistent income for investors. Structured as a "fund of funds," it achieves this by allocating capital across the entire spectrum of YieldMax's specialized option income ETFs. Each of these constituent YieldMax ETFs, in turn, is designed to produce income streams while simultaneously providing market exposure to the value of a distinct underlying asset, such as a specific company's stock or another exchange-traded fund.
As of Jul 24, 2026: spot at $7.33, ATM IV 379.4%, max pain $10.00, net GEX -$14.2K.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Market Cap
- $412.5M
- Beta
- 1.28
- 52-Week Range
- 7.32-13.94
- Dividend Yield
- $5.61
- IPO Date
- Jan 17, 2024
- Exchange
- AMEX
What YMAX Looks Like to Options Traders Today
IV rank of 97.2% 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 (-$14.2K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.589) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The YMAX 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 YMAX overview questions
- What is YMAX?
- YMAX is the ticker symbol for YieldMax Universe Fund of Option Income ETFs, an listed exchange-traded fund. YMAX, officially known as the YieldMax Universe Fund of Option Income ETFs, is a dynamically managed exchange-traded fund whose primary objective is to generate consistent income for investors. Structured as a "fund of funds," it achieves this by allocating capital across the entire spectrum of YieldMax's specialized option income ETFs. Listed on AMEX. YMAX 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 YMAX options snapshot look like today?
- As of Jul 24, 2026, the YMAX options snapshot shows spot at $7.33, ATM IV 379.4%, IV rank 97.2%, max pain $10.00, net GEX -$14.2K, expected move 108.77%. 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 YMAX's key statistics?
- YieldMax Universe Fund of Option Income ETFs (YMAX) carries a market capitalization of $412.5M, 52-week range of 7.32-13.94. 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 YMAX belong to?
- YieldMax Universe Fund of Option Income ETFs 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 YMAX'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 YMAX data on this page?
- The options snapshot above is dated Jul 24, 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.