AMDY Stock Summary and Trading Ideas (Tidal Trust II Yieldmax Amd Option Income Strategy ETF | ARCA:AMDY)

The YieldMax AMD Option Income Strategy ETF (AMDY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on AMD. AMDY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of AMD. The Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of AMD, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. More precisely, the Fund aims to generate additional income from its options investments when AMD rises in value.

Tidal Trust II Yieldmax Amd Option Income Strategy ETF trades on the ARCA stock market under the symbol AMDY.

As of November 7, 2024, AMDY stock price climbed to $13.08 with 366,139 million shares trading.

AMDY has a beta of 2.30, meaning it tends to be more sensitive to market movements. AMDY has a correlation of 0.53 to the broad based SPY ETF.

AMDY has a market cap of $126.55 million. This is considered a Micro Cap stock.

AMDY has underperformed the market in the last year with a price return of +16.3% while the SPY ETF gained +37.9%. However, in the short term, AMDY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.9% vs +15.2% return in SPY. But in the last 2 weeks, AMDY shares have been beat by the market, returning -0.8% compared to an SPY return of +2.8%.

AMDY support price is $12.48 and resistance is $13.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMDY shares will trade within this expected range on the day.