YieldMax Launches Micron Options Income ETF

YieldMax has launched the MU Option Income Strategy ETF (MUY) on Nasdaq, adding Micron Technology to its lineup of single-stock options income funds. MUY does not own Micron shares directly. Instead, it uses a synthetic call spread strategy to seek options income while providing indirect exposure to movements in Micron’s stock price. The structure may allow more participation in share price gains than a traditional covered call strategy in some conditions, but its results will differ from owning Micron outright. The fund’s income and returns will depend in part on Micron’s share price and options market conditions. YieldMax expects to announce MUY’s first distribution on October 14, 2026.