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

The YieldMax COIN Option Income Strategy ETF (CONY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on COIN. CONY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of COIN. Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform.

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

As of November 4, 2024, CONY stock price climbed to $12.71 with 2,454,092 million shares trading.

CONY has a beta of 2.60, meaning it tends to be more sensitive to market movements. CONY has a correlation of 0.24 to the broad based SPY ETF.

CONY has a market cap of $680.94 million. This is considered a Small Cap stock.

CONY has outperformed the market in the last year with a return of +60.7%, while the SPY ETF gained +36.5%. However, in the most recent history, CONY shares have underperformed the stock market with its stock returning -9.3% in the last 3 month period and -12.0% for the last 2 week period, while SPY has returned +5.3% and -2.5%, respectively.

CONY support price is $12.04 and resistance is $12.94 (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 CONY shares will trade within this expected range on the day.