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ULTY puts expiring a year or 2 out seems decent.
Let this be lesson to you all. I got kind of roped into RHs low margin rates. I’m paying under 5% but I can’t buy warrants nor rights. I’m looking through old posts and texts and I was so early on all of this. WTF I had GSTR at $2s. Yet here I am levered 4X on ULTY, YBTC and IBIT collars and deeply regretting missing all of this SPAC mania. Fook me. I even wanted WMT under 100 and they announce AI deal today. There’s not enough bourbon in my cabinet to ease my regret right now. Fook.
Sometimes you have a feeling. I had that with Ovid...boomed...couldn't sell. The next day I got like 20% of the possible profit. Now i do want ULTY does...covered calls. It makes sense on paper. Im buying a bulk of stock. I think it is going to go to a said price. Give me $150-$320 this week and if it happens I will sell it back to you so I don't take more of the agreed profit...if it doesn't work out. Im stuck with the stock and the money on top. I will buy a calls if it has options. I went from crypto, etfs, volatile one day stock selling and buying to calls. My journey. Now I hate crypto kinda of. Fees are heavy if you take out small profits to escape a bear market
Huge question so ULTY stock is selling for 5 dollars a share. If I sell a put option for above the strike price so lets say 16 dollars. I would get credited 1000 dollars but the price of the stock is not going to reach 16 dollars but then i would have to spend 500 dollars on the stock but they credited me 1000 dollars so did i just make 500 dollars in profit?
I’m guessing your looking a YieldMax etf like ULTY. Those are bullshit. You need to factor in NAV erosion. They basically pay you back your own money minus a fee and call it a dividend.
Jamie Dimon talks out both sides of his mouth Im not putting any consideration on this and just keep buying ULTY
YOLO it all on ULTY lmaooo
Beautiful plan ULTY is a great stock, you can’t go wrong with weekly dividends!
I personally have 2 grand in ULTY yield max and I just take those weekly dividends and take a tiny bit of my own cash and do 0dte or weekly plays. Then I put it back into Ulty haha. Pretty dumb and probably not efficient but it is a fun loop of investing
LOVE IT! I did the same with ULTY. Turned $100,000 into $200,000 and just sat back collecting cash payments. Thanks OP!
Just remember that some people think ULTY is a retirement vehicle
Robinhood has a stock screener for high volatility. If you look at the fund ULTY, that’s usually an easy place to find some highly volatile stocks because they are selling premium on stocks with high volatility. The fund itself is kind of garbage, you would make roughly 8 times as much money, just buying the underlying holdings.
Oh I know about ULTY but that's the line I'm not fucking with haha. Way too hard a NAV erosion for my liking, + being in Canada exposes me to all kinds of taxation fuckery - I did get a small position in my RRSP (which is shielded from said taxation issues) but I don't plan on doing much more. I 100% concur on your points tho, ATH is not when I want to start leveraging, so we'd be going very gradually. Thing is, we've been regularly adding to our position for the past year and while it does increase our avg buy price, it also has been compounding at an increasingly fast rate. Introducing the margin is, if i'm not missing something important, just a further accelerant to what we've already been doing - I just hope i'm not missing something essential!
Wait until you find out about ULTY .... Btw, I didnt read your entire post, but high income to pay off margin has helped me grow my account significantly. I use the income to buy VOO and other things. The thing is, I started after the orange tantrum of April. If you start now, you're starting at ATH. Of course, ATH often beget more ATH, but another orange swan event could wreck you. This strategy works best when something stupid happens and the panic has already set in.
Yes, I start with weeklies. If I did two weeks, I'd need to get 2% or 3% for another week out, etc. That \*can\* happen but there's too much time for the stock to move for me. I do frequently roll out so I have a good spread going out for 10/17 right now. I have bought some monthly stocks, like EWTX, before I realized that monthly was a thing. That's one of my early mistakes. I've been able to roll it out for 4%+ a month but I really dislike it :). Right now, I'm all the way out to December, which feels like a very long way out. There are so many X factors that come into play and if it shoots up way above my strike price, that's money frozen for months. I'm not as worried about it tanking although I don't want that either :) And as you say, I'm not married to the stocks. I am, in fact, supernaturally indifferent to them as companies. I mean, I care a lot if they are viable and if they on a decent trajectory, but I have no interest in owning them in the long term. In other contexts, I do, but just not for options. I do trade some ETFs. Right now, I'm just in MSOS. That one has been super easy to get good premiums on. I did ULTY for a minute but 1) there weren't any good premium when I did and 2) I really don't understand their long-term strategy. There's too much "he said, she said" going on with that one, so I'm just noping out for now. Another thing I'd add - I wrote a custom app to help me track all of this. For the first few months, I was using spreadsheets, but once you start getting into 10+ securities and trying to plan what to do on a weekly basis with them, it gets very hard to manage. Research is also difficult without some structured approach. Now it's a breeze for me with this app. Before this app, I would check and triple check things and still make mistakes (like ETWX). That app makes it hard for me to make basic mistakes and the research capability gives me a ton of confidence in the trades I make. I think everyone needs something like this. The vendor web sites are decent but have many gaps. When I see how people are flying by the seat of their pants, doing everything on a tiny mobile screen here on reddit, I cringe :)
She’s a 10, but wants to quit her job in 2 years and live off her ULTY dividends.
Congrats on getting the card, I’ve been on the waitlist since day one… sigh.. but I am using the interest free 1k to invest in ULTY/BLOX, etc — as long as you don’t use more than $1k you won’t be charged interest.
$ULTY or any yieldmax etf would pay more out in dividends though
If you want a high dividend paying stock ULTY pays 129% every Friday and they're trading under $6/share.
Long 100x GLD and SLV shares, long 6000 ULTY. My overall portfolio will move 1% tomorrow, no matter the news. Lol
True yea, but people had this same mentality with ULTY and it tanked. I was one of those people
A few shares on ULTY wouldn’t hurt
Please don't spend your money on gambling but I know you will anyways. This is not financial advice but before I yoloed 0-DTE SPY I would just dump it into ULTY or MSTY and see what happens over the next 5 months. Its less of a gamble and you might make some money to get close to what you need. Something even less risky is to buy leaps on NVDA and sell calls for the next 5 months. If you need help with gambling there are resources for you and I am sure that most anyone on this thread would help you find the information.
ULTY, MSTY. It's a win win win Situation.
ULTY guys really are having a freakout
ULTY bleeding out. Cry Max 🤣
So I went full port into these weekly income etf. Bought 10000 shares of ULTY which pays about $1k, been doing that for a week. It’s kinda lame, it’s like putting money in savings account then take out 1.5% each week
With that kind of capital I'd suggest studying the following topics: 1. Options Trading \[ My favorite options teacher: [https://www.youtube.com/watch?v=bvM\_u91zb3s](https://www.youtube.com/watch?v=bvM_u91zb3s) \] 2. High-Yield (Options Strategy) Dividend ETFs: \[ [https://www.reddit.com/r/dividends/](https://www.reddit.com/r/dividends/) , [https://www.youtube.com/@TheETFGuys](https://www.youtube.com/@TheETFGuys) , [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) \] My Favorite (pure) options strategies are Selling Puts and Buying Calls. Which can help you dramatically increase your portfolio value; but really only if you have good strategy. The 'options teacher' link above really helped me become a better Options Trader. My current favorite 'safe' High Yield (options strategy) ETFs are: \[BTCI, QQQI, QDVO\] My current favorite 'less safe' High Yield (options strategy) ETFs are: \[ULTY, NVDW, GOOW, TSLW\] But if you get hasty with options trading you can further deplete your account.
Dude what happened? You finally "bit the bullet" to go into ULTY 3 months ago and now you want out already? Did you finally understand how shitty it is?
Since inception, ULTY has underperformed SPY on a total returns basis. Sure, cherry pick a time period and it might have done better. It's still a terrible idea.
ULTY has performed worse than SPY on a total returns basis. This would be a terrible idea.
ULTY. $94M would give you over 16.5M shares, kicking off $1.5M in dividends each *week*
Stocks go down? S&P, Nasdaq, Dow all are ATH you been investing in ULTY?
ULTY is “Return of Capital Trash” Weekly distributions are not true yield: Most of what investors see as “income” is actually return of capital (ROC). They’re just handing back chunks of your principal, dressed up as a dividend. NAV erosion: Because the fund is bleeding itself with constant payouts, the net asset value (NAV) grinds down over time. Investors feel good getting weekly checks, but their underlying investment shrinks. Illusion of high yield: Quoting 120%+ TTM yield looks incredible, but it’s a shell game. Unless the fund is consistently outperforming the market (it isn’t), those yields are unsustainable. Expense drag: On top of that, ULTY charges ~1.3% expense ratio, which accelerates NAV decay. ⚠️ Real-World Impact If you held ULTY long-term, your “income” stream is offset by capital erosion. You’re eating your own seed corn: the fund pays you with your money, plus a bit of option premium, but long-term wealth doesn’t grow — it decays. ✅ Better Alternatives If you want actual yield instead of ROC gimmicks: JEPI / JEPQ – Covered-call ETFs that still retain NAV stability better, though capped upside. SCHD – Dividend growth ETF with lower yield, but real sustainable distributions. Laddered bonds / munis – Actual coupon income, not ROC.
Buy ULTY. Pays weekly dividends. You’d be getting about $8,800 / week. Or, over $35K / month. Yes you’d be paying taxes like regular income and there is NAV erosion, but since their strategy change in April, it’s been a solid payer.
ULTY high risk high reward
Currently I’m in SPYI QQQI FSCO ASGI BTCI QDTE ULTY MAGY NVDY. I’m keeping my on OMAH as well, I want to give it a bit more time to get a track record.
At this point just gamble with ULTY…Reddit’s most hated topic. Calls are a gamble. Around 4k more in and you can make around $100 weekly.. 300-500 weekly on 2.3k invested…constant supply of volatile bullish stocks/etf.
Can someone advise. Looking to buy 3k shares of ULTY..(short term) is there room to make some nice dividends and exit with net profit?
Holding 11000 shares of ULTY. getting $1100 a week dividend. All I need is one year to make it all back.
ULTY? This dog shit is still going on. Watch the dividends decrease as well as the underlying, plus the NAV erosion. Man people will buy anything
Normally all those yieldmax etfs suffer from NAV erosion. It looks like ULTY somehow managed to solve that issue since spring, but it's absolutely impossible that they can generate returns of 100% every year. So I still believe investors in ULTY are doomed fairly soon.
Threw $500 into ULTY to see what the fuss was about roughly a week before it started dipping, with distributions I’m still only down ≈0.23%, so as soon as their stocks recover like the rest of the market I will be back in the green. So far it’s been a good investment imo, but risky until you recover your initial buy in.
Wsb translation for fellow regards: ULTY = 🚮 High yield → NAV nuked 📉 Divs went from 🍗 to 🥦 Small bet = lesson 🎓 Big bet = coffin ⚰️
Selling Jan and Apr 2026 cash secured puts on ULTY. THAT IS MY PLAY.
#A couple weeks ago everyone was like "ULTY is just like a hedge fund bro, their new strategy protects them bro" LMAO🤌
Its amazing ULTY isnt trading at $1.. fucking scam ETF.. takes your right pocket $ and pays you while stealing all your $ in your left pocket lol..
It’s over man panic sell. Comeback and buy ULTY then cry
YMAG is mag 7 stocks and ULTY is high beta stocks. Honestly it l depends on broader market. Good income if market is steady bi like these 2 because I can use 3x margin on them
I’m in ULTY and YMAG. Total 60k ish
lol ULTY took a huge dump last night and recovered minutes later. Some dude on /r/yieldmaxetf took 30k loss lol
Also.. ULTY is a scam.. pay you $0.1 a week but NAV goes down by $0.3. We might see a reverse stock spit in the coming months, maybe in Q3.
Idk if anyone here is into Yieldmax but ULTY had a flash crash. Look at the mf price action...
ULTY drilling HELOCs leveraged retards 🤣
Honestly? My gut. Hydrogen will have its place, it is a long term hold. At .03 why not. I have sensible and stable investments for retirement. I throw some of my ULTY dividends at it, after all it's gambling, if it hits I might get to retire early.
Just put it into something like ULTY that alone with $30k would get you around $500 paid weekly
Funny how the YouTube people talk up MSTY & ULTY. Yet Forbes who are much smarter than most if not all the YouTubers says BITO. Gee I wonder which to buy
ULTY uses 100% ROC at times. That why it’s not going up. BITO goes up and down like normal. Most YieldMax just go down on share price
Unlike ULTY which at certain times has done 100% return of your own money when paying dividends. So surprised it just keeps going down over time. NOT
ULTY back to $7.00 not in our lifetime
Did you look at ULTY options when the market was open. It seems like you aren't going to get a good fill to make it worth writing a covered call.
I’m failing to see an upside or for ULTY to even maintain its NAV. It’s down 6% in just the last month while the major indexes are hitting all time highs..if the market falls 20% like it did in Feb-April, it’s going to be like $3 and some change. The dividend will reduce total losses hypothetically. All I can say is if you have ULTY you’d better have some downside protection however it makes sense. It almost seems like it’s not even worth the risk, most people are down overall if they bought in just within the last few months.
you could try it out as an experiment. but yes i agree the YM fan club is gonna learn how poorly a CC strategy does when the market rips causing you to buy back your CCs for a loss or get assigned for a loss, and then when the market goes back down below the basis your CCs were assigned at. I try and explain this to them but im met with a shit ton of retail traders who just wanna believe they can retire on 100k plus margin in ULTY, they dont wanna hear it
I expect to get assigned but the probability of someone exercising an April option now is very low. And as long as I collect a dividend twice, I’ll still be ahead. Almost everyone I see talking about ULTY is down and the dividends have pretty much put them back to even. Maybe it’s better to avoid.
I think you might have more luck with ULTY
more than likely to get assigned before the ex dividend date and won't get the dividend the whole point of holding ULTY
I like ULTY & MSTY even though I shouldnt lol I have small positions in both, like $1k that's all.
> ULTY TIL some people do not understand how dividends or total return work
Why are the ULTY guys having a meltdown?
Sold everything. Hopefully Trump works something out with Russia, but im not gambling on thr outcome. Still have ULTY since im breaking even only on that.
Yes, it's possible. I'm having to squeeze more than that out of even less right now. Be aware that stocks that get you those kinds of returns tend to be the ones that are at high risk of delisting. Don't gamble more than you have to. I use the screener at Option Samurai to look for options with the highest return. I have one saved screener set for 5 weeks, one for 8 days, and one that looks for the highest % returns regardless of expiration date. Just a heads-up: You could also put that same $30,000 into some high-yield dividend stock and ETFs and get the income you're looking for, with less work. There are some that pay a weekly dividend, like ULTY.
Possible, I mean ULTY, MSTY, NVYY all pay out 70%+ div on their option trades. You just got to stick to a consistent method and don’t change thats when you fuck up. You could pull $500 a week on $30k in ULTY, if you are set on playing with $30k in options, safer route than doing it yourself when your more likely to see a sure shot winning trade idea here on reddit and port your account.
Just buy ULTY and you let someone else do the work. Plus you’ll be making more than $250 a week.
You can do that holding 2,500 shares of ULTY (currently about $15,000)
[https://www.reddit.com/r/ULTY_YieldMax/s/YynDSovKBQ](https://www.reddit.com/r/ULTY_YieldMax/s/YynDSovKBQ)
Both options are good: with 2 I would do VOO & IXUS With 1 I am currently YOLOing ULTY
Got myself a ULTY w
**Oh noooooo** 4% drop it's the end of the world for ULTY!
Put all your gains into ULTY
Options have Saved me! I struggled for while earlier this year but then started following a strategy I learned from this guy: [https://www.youtube.com/watch?v=bvM\_u91zb3s](https://www.youtube.com/watch?v=bvM_u91zb3s) So not as worried about unemployment these days. But I also started to 'cheat' a little by using options strategy ETFs like ULTY, XBTY, NVYY. I'd suggest paper trading options in a paper account (Schwab) for some time before getting back to it though.
I mean using that much margin is risky already, but I did know a guy that put 50k into ULTY and is making roughly $800 a week from the dividends
Honestly with that amount of capital, just keep doing what you’re doing. Dividends are a waste of capital even if you put it into something like ULTY