YieldMax Files Weekly Income ETF Based on SK Hynix Options

The YieldMax SK Hynix Option Income Strategy ETF would generate weekly income by using synthetic covered call and covered call spread strategies tied to SK Hynix ADRs (Nasdaq: SKHY). Rather than owning the stock directly, the fund would gain exposure through options while holding U.S. Treasuries and cash as collateral. The strategy aims to produce income from option premiums, interest, and realized gains, but upside participation may be limited and investors remain exposed to most downside moves. Distributions may include a significant return of capital, and shareholders will not own SK Hynix shares or receive its dividends.