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

The YieldMax APLY Option Income Strategy ETF (APLY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on AAPL. APLY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of AAPL. The Fund's synthetic covered call strategy consists of the following three elements, each of which is described in greater detail further below: Synthetic long exposure to AAPL, which allows the Fund to seek to participate in the changes, up or down, in the price of AAPL's stock.Covered call writing (where AAPL call options are sold against the synthetic long portion of the strategy), which allows the Fund to generate income. U.S. Treasuries, which are used for collateral for the options, and which also generate income.

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

As of April 18, 2024, APLY stock price declined to $16.28 with 39,319 million shares trading.

APLY has a beta of 0.93, meaning it tends to be less sensitive to market movements. APLY has a correlation of 0.38 to the broad based SPY ETF.

APLY has a market cap of $54.54 million. This is considered a Micro Cap stock.

APLY support price is $16.23 and resistance is $16.62 (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 APLY stock will trade within this expected range on the day.