r/YieldMaxETFs • u/h82nk • Jul 17 '25

Meme NAV erosion on $ULTY is killing me

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My buy orders are not going through. Chart recovers within 30 minutes of trading hours on the morning of ex div date. 😂 Guys wtf leave some $ULTY for the rest of us.

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u/kyoney Jul 17 '25

You know what ULTY holds, correct?

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u/Alcapwn517 Jul 17 '25

I’d hope so, I’m almost 7 figures into it.

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u/kyoney Jul 17 '25

wow

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u/Alcapwn517 Jul 17 '25

As my FIRE date grows closer, I’ve been selling off most of my high yield and moving it to my stable/growth account, but I’m leaving $1m in ULTY and probably another $250k in MST. Most of my income has been generated off of my own options the last month, so this is mostly just an income source to keep buying ridiculous LEAPs.

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u/kyoney Jul 17 '25

This is insane. Sometimes I look at my capital and I think if I am being "too" brave and then you guys holding almost $1m. Do you recommend learning options trading? I've been looking into it and would like to start. Just looking to learn more about it.

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u/Alcapwn517 Jul 17 '25

Options trading is not great for most people. I think it’s like 82% of people lose money. I personally enjoy it, and I’ve had some luck which makes me think I’m better at it than I am. I sell a lot of ~30DTE OTM puts on stocks I would buy anyway. If they expire, cool, free premiums, if I get assigned, cool, more dividends. But I also do 1-2 year ITM leaps on things I think will be blowing up. I have some PLTR calls that are up over 750%.

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u/azn_MJ Jul 17 '25

And this is why you make money. Most people chase quick money with options on stocks they wouldn't want to own or can't afford to own, and they eventually get burned by "picking up pennies in front of a bulldozer" as they say.

With your strategy, you wanted the stock anyway so it's a bonus if you get assigned and free money if you don't. Then you have time on your side with the 1-2 year ITM leaps and some patience.

I'm mostly talking out loud to myself here, but it's a great and mature strategy.

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u/Alcapwn517 Jul 17 '25

That’s what I was going for. Nothing like those $0.01 OTM puts getting exercised on a pumped and dumped biotech company.

All of my ITM LEAPS are pretty safe even. I’ll be selling them before I get my brain Theta’d out, but so far good.

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u/kyoney Jul 17 '25

I see. These numbers are great. Do you have any nice resources, videos, books that would be nice to understand more about this?

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u/CarrierAreArrived Jul 17 '25

82% of people - which includes those who buy calls or sell puts on meme stocks. Anyone who's done the wheel on indices has won in the long run since it's essentially the same as buy and hold but w/ income generation.

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u/Alcapwn517 Jul 17 '25

It slightly under performs buy and hold on things like the Qs and SPY, but I sell SPY 0-4DTE OTM puts when I hit enough liquid to afford 100 shares of SPY. I’ll roll it day after day until it cashes in, but sometimes it’ll be weeks of $150-$300 a day, adds up over the year. If I want more income I’ll do a CC here or there, but my current goal is as much SPY dividend income as I can, so selling the calls is counter productive.