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YieldMax SNOW Option Income Strategy ETF announces weekly distribution of $0.1190
Seeking Alpha News (Wed, 25-Mar 10:33 AM ET)
The YieldMax SNOW Option Income Strategy ETF (SNOY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on SNOW. SNOY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of SNOW. The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the share price of the common stock of Snowflake Inc. ("SNOW"), subject to a limit on potential investment gains. As part of the Fund's synthetic covered call strategy, the Fund will purchase and sell a combination of standardized exchange-traded and FLexible EXchange ("FLEX") call and put option contracts that are based on the value of the price returns of SNOW.
Yieldmax Snow Option Income Strategy ETF trades on the ARCA stock market under the symbol SNOY.
As of March 27, 2026, SNOY stock price declined to $7.82 with 36,721 million shares trading.
SNOY has a beta of 0.99, meaning it tends to be less sensitive to market movements. SNOY has a correlation of 0.20 to the broad based SPY ETF.
SNOY has a market cap of $34.41 million. This is considered a Sub-Micro Cap stock.
SNOY has underperformed the market in the last year with a price return of +2.2% while the SPY ETF gained +13.1%. SNOY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.0% and -11.6%, respectively, while the SPY returned -7.6% and -4.3%, respectively.
SNOY support price is $8.09 and resistance is $8.55 (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 SNOY shares will trade within this expected range on the day.