YMAG: Add A Put Option, Save A Retirement Portfolio

Summary

  • YieldMax ETFs like YieldMax Magnificent 7 Fund of Option Income ETFs offer attractive income but only capture about 80% of upside and downside, so investors must understand the trade-offs.
  • Covered call ETFs are not immune to significant losses during sharp market declines; option income can't always offset rapid drops in underlying stocks.
  • Pairing YMAG with put options (such as on QQQ) can help manage downside risk, but hedging comes with costs and may erode gains if markets rebound quickly.
  • I like YMAG's strategy, but I would only own it with a hedge in place; investors should not overestimate its risk protection capabilities.

Coins flying into a piggy bank

Richard Drury

YieldMax ETFs have captured the minds of investors, especially those who subscribe to Seeking Alpha. And with the success of the Magnificent 7 stocks, funds like YieldMax Magnificent 7 Fund of Option Income ETFs (NYSEARCA:YMAG) have

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About YMAG ETF

SymbolLast Price% Chg
YMAG
15.39-0.52%
Post15.39
Chart
Combination chart with 2 data series.
The chart has 1 X axis displaying Time. Data ranges from 2025-07-24 09:30:00 to 2025-07-29 15:50:00.
The chart has 1 Y axis displaying values. Data ranges from 15.235 to 15.49.
End of interactive chart.
Expense Ratio
1.12%
Div Frequency
Weekly
Div Rate
$7.59
Yield
49.05%
Assets (AUM)
$368.15M
Compare to Peers

More on YMAG

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Related Stocks

SymbolLast Price% Chg
YMAG
15.39-0.52%
Post:15.39
Chart
Chart with 154 data points.
The chart has 1 X axis displaying Time. Data ranges from 2025-07-24 09:30:00 to 2025-07-29 15:50:00.
The chart has 1 Y axis displaying values. Data ranges from 15.235 to 15.49.
End of interactive chart.