YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Gap Up – Still a Buy?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $16.48, but opened at $17.48. YieldMax MSTR Option Income Strategy ETF shares last traded at $17.5930, with a volume of 1,075,913 shares trading hands.

YieldMax MSTR Option Income Strategy ETF Stock Up 7.5%

The business’s 50-day moving average price is $13.72 and its 200-day moving average price is $18.46.

About YieldMax MSTR Option Income Strategy ETF

(Get Free Report)

The YieldMax MSTR Option Income Strategy ETF (MSTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the MicroStrategy stock (MSTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.

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