NYYY
xETFs NVDA Daily Income ETF
stockNYSEETF

For those not aware, nvda has headwinds in the form of being the most overwritten stock in terms of total size. Overwritten being funds own the underlying shares and then sell near-term, usually at-the-money calls against their shares to generate income. The amount of calls sold per week is waaaay more than retail investors are buying, so it's the market makers who end up being the owners (or paying) the ETFs for those calls. The job of a MM is to stay delta-neutral, however every call bought by a MM results in an immediate positive delta being added to their overall position, so they need to sell some equivalent delta-worth of their underlying shares to stay delta neutral. Take a look at these funds: - NVDH - nvidia income fund using covered calls - NVDU - nvidia enhanced income fund using covered calls - NVDY - nvidia yield max fund using covered calls - NVII - nvidia income fund using covered calls - YNVD - nvidia yield shares using covered calls - NYYY - nvidia daily income using covered calls - NVYY - nvidia yield boost using covered calls And what happens if retail and institutions don't step forward and buy up the downward price pressure due to the MMs having to sell? We'll, the price just trends down, over and over. So it's really pressure between the MMs and the covered call funds who are bl\*\*ding theta from it every week (sometimes 3 times a week lol). The long term solution is to bre\*k the covered call funds (like what happened to most of the YieldMax funds) sufficiently so they do worse than simply owning the shares, but ideally the fund is a net l\*ss, year after year, to discourage people from using them entirely. The solution is to wait for for covered call funds to buy their new batch of shares and then drop the share price as far as possible before they sell their next batch of calls, and ideally for a small premium. Once the the calls are all sold, relax pressure on share price letting it pop beyond what the fund earned on the calls, forcing them to sell their shares or close the call positions for "max profit", and then repeating with the ETF again buying high, selling calls low, and then popping them. Ofcourse.. that's the theory and I doubt people are actually trying, but the market is good at minimizing earning from systematically and robotic type operations like these ETFs use.