OMAH

The YieldMax MSTR Option Income Strategy ETF (OMAH) is an exchange-traded fund designed to generate income through options strategies linked to shares of Strategy Inc. (ticker MSTR), a company associated with the technology and digital asset sectors. The ETF is managed by YieldMax ETFs and trades under the ticker OMAH on NYSE Arca.

Classified as a U.S.-focused equity ETF employing an active income strategy based on options tied to a single stock, OMAH seeks to generate distributable income, before fees and expenses, using derivatives and options structures related to Strategy (MSTR) shares.

The fund does not replicate a traditional benchmark index. Its methodology uses covered call writing, financial derivatives, and synthetic exposure structures linked to MSTR shares, seeking to capture option premiums and generate income associated with the underlying asset’s performance.

Diversification and sector exposure

OMAH provides concentrated exposure to strategies linked to Strategy shares and segments associated with digital asset markets, including:

• Information technology
• Enterprise software
• Digital assets
• Financial derivative instruments
• Options-based income strategies

This structure does not seek broad sector diversification, but rather income generation through a concentrated strategy tied to a single underlying asset.

Structure and costs

OMAH shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur exclusively through authorized participants, helping maintain alignment between market price and the fund’s net asset value (NAV).

The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee. OMAH may distribute periodic income derived primarily from option premiums generated by its options-based strategy.

History and evolution of the ETF

The YieldMax MSTR Option Income Strategy ETF was launched in 2024, during a period of expansion in ETFs based on options strategies and growing investor interest in products tied to companies associated with digital asset markets.

Since inception, the fund has reflected fluctuations in Strategy shares, cryptocurrency market movements, and volatility associated with options strategies tied to individual stocks.

In recent years, OMAH has reflected shifts in macroeconomic conditions, volatility in the U.S. equity market, and the growing use of single-stock ETFs focused on derivatives-based income generation.

Additional Information

YieldMax MSTR Option Income Strategy ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $802.79 Millions.

Over the past 12 months, YieldMax MSTR Option Income Strategy ETF recorded a return of 11.89%, with its price trading between $17.87 and $19.70 during the same period.

The ETF is traded under the ticker OMAH.