YieldMax AI & Tech Portfolio Option Income ETF (GPTY) Covered Calls

The YieldMax AI & Tech Portfolio Option Income ETF is an actively managed fund targeting current income and capital appreciation. It maintains a concentrated portfolio of 15 to 30 leading AI and technology companies while employing an options overlay to generate premiums. Designed for investors seeking specialized exposure to the artificial intelligence sector, the fund aims to convert high equity volatility into consistent weekly distributions.

You can sell covered calls on YieldMax AI & Tech Portfolio Option Income ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for GPTY (prices last updated Fri 4:16 PM ET):

YieldMax AI & Tech Portfolio Option Income ETF (GPTY) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
39.23 +1.96 36.55 41.58 35K - 0.0
Covered Calls For YieldMax AI & Tech Portfolio Option Income ETF (GPTY)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 39 0.00 41.58 -6.2% -150.9%
Mar 20 39 0.00 41.58 -6.2% -52.6%
Subscribers get access to the full covered call chain, and more features.

Want to make money with covered calls?  Sign Up For A Free Trial

Extended Business Description

YieldMax AI & Tech Portfolio Option Income ETF is a thematic income vehicle that combines direct investment in the artificial intelligence revolution with a high-frequency distribution model. Unlike single-stock YieldMax funds, GPTY provides broader exposure by holding a select basket of 15 to 30 companies leading the AI and technology hardware and software sectors.

Core Strategy and Operations

  1. Direct Equity Strategy: The fund invests in a concentrated portfolio of U.S.-listed companies deriving significant revenue from AI, including areas like cloud infrastructure, semiconductors, and software. Primary holdings typically include NVIDIA, Alphabet, Advanced Micro Devices, and Palantir. This structure allows the fund to capture capital growth from the AI cycle.
  2. Weekly Income Potential: GPTY follows a weekly distribution schedule, targeting consistent payouts derived from writing (selling) call and put options on its underlying holdings or related tech ETFs. This "volatility harvesting" strategy seeks to provide immediate cash flow from the sector's price swings, though distributions may include return of capital (ROC).
  3. Portfolio Management: The fund carries a total expense ratio of 1.06%. Managed by ZEGA Financial, the advisor dynamically adjusts strike prices and expirations to balance the objective of high current yield with the secondary goal of capital appreciation. The fund maintains a minor allocation to cash and U.S. Treasuries to serve as collateral for its derivative positions.

Competitive Landscape

GPTY serves as a diversified thematic alternative to single-stock yield products like the YieldMax NVDA Option Income Strategy ETF and the YieldMax PLTR Option Income Strategy ETF. Its most direct thematic rival is the REX AI Equity Premium Income ETF, which follows a similar "buy-write" model on AI stocks. For broader technology income, it is often compared to the Global X NASDAQ 100 Covered Call ETF or the YieldMax Universe Fund of Option Income ETFs.

Strategic Outlook

As of 2026, GPTY remains a tactical tool for investors looking to "rent" the growth of the AI industry. Management focuses on optimizing the options overlay to mitigate the "upside cap" common in covered call strategies, particularly during rapid sector-wide rallies. While the fund provides an income-based cushion, it is exposed to the systemic risks of the technology sector and the potential for NAV erosion during prolonged market downturns. It is primarily utilized by income-focused portfolios as a way to access high-yielding exposure to high-growth innovation.