SeekingAlpha · Jan 26, 2026
SMCY: Margins On AI Servers Weaken Returns
SMCY ETF review: its synthetic covered call yields 211% TTM, but SMCI weakness erodes capital.
SM
AMEX · SMCY
YieldMax SMCI Option Income Strategy ETF
Financial Services · Asset Management
$5.31
Up+$0.11 (+2.12%)
Updated Aug 22, 2026, 11:03 AM
SID Score
4.2/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 187.67M
- P/E ratio
- —
- Dividend yield
- 393.39%
- 52-week range
- $3.99 – $8.72
- Volume
- 966.78K
- Avg. volume
- 1.02M
Price performance
SMCY price history
1M range · 21 trading sessions · Daily adjusted prices
SMCY closed at $5.31 after 21 trading sessions, up 10.17% for the selected period.
- Last close
- $5.31
- Period change
- +10.17%
- Period low
- $4.19
- Period high
- $5.68
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Aug 21, 2026 | $5.31 | $5.325 | $5.20 | $5.31 | 966.78K |
| Aug 20, 2026 | $5.28 | $5.445 | $5.085 | $5.20 | 1.3M |
| Aug 19, 2026 | $5.39 | $5.4432 | $5.19 | $5.31 | 1.36M |
| Aug 18, 2026 | $5.38 | $5.48 | $5.255 | $5.40 | 721.43K |
| Aug 17, 2026 | $5.59 | $5.62 | $5.43 | $5.50 | 957.06K |
| Aug 14, 2026 | $5.60 | $5.755 | $5.55 | $5.68 | 934.58K |
| Aug 13, 2026 | $5.44 | $5.98 | $5.43 | $5.58 | 1.9M |
| Aug 12, 2026 | $5.15 | $5.515 | $5.03 | $5.45 | 2.98M |
| Aug 11, 2026 | $4.84 | $4.86 | $4.695 | $4.80 | 1.3M |
| Aug 10, 2026 | $4.79 | $4.97 | $4.75 | $4.75 | 1.1M |
| Aug 7, 2026 | $4.61 | $4.735 | $4.555 | $4.72 | 636.4K |
| Aug 6, 2026 | $4.62 | $4.6899 | $4.52 | $4.53 | 576.22K |
| Aug 5, 2026 | $4.91 | $4.91 | $4.72 | $4.73 | 794.05K |
| Aug 4, 2026 | $4.63 | $4.91 | $4.5807 | $4.89 | 1.03M |
| Aug 3, 2026 | $4.47 | $4.56 | $4.375 | $4.54 | 496.34K |
| Jul 31, 2026 | $4.51 | $4.60 | $4.335 | $4.50 | 918.03K |
| Jul 30, 2026 | $4.25 | $4.4601 | $4.25 | $4.40 | 734.37K |
| Jul 29, 2026 | $4.56 | $4.56 | $4.17 | $4.19 | 884.6K |
| Jul 28, 2026 | $4.59 | $4.63 | $4.395 | $4.58 | 643.18K |
| Jul 27, 2026 | $4.86 | $4.91 | $4.6069 | $4.77 | 965.58K |
| Jul 24, 2026 | $4.92 | $4.96 | $4.70 | $4.82 | 803.04K |
Latest SMCY news
The latest Smart Investors Daily articles mentioning SMCY.
Stock researchCompany · Overview
SMCY research
Overview
Company profile and research snapshot.
Company profile
SMCY aims to generate monthly income while providing exposure to the price returns of Super Micro Computer Inc. (SMCI), subject to a cap on potential gains. It utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, consisting of i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys. The synthetic long exposure seeks to replicate the price movements of SMCI by buying and selling one- to six-month at-the-money calls and puts. The short put positions fully expose investors to the downside of the stock. The fund writes call options expiring in one month or less, with a strike price of 0%-15% above SMCIs share price. This generates income but limits participation in potential gains. To seek greater participation in SMCIs potential appreciation in the short term, the fund may opportunistically write credit call spreads. Note: the fund does not invest directly in SMCI stocks and thus, is not entitled to dividends.
Analyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- —
- Implied upside
- —
- Analysts
- —
News briefing
No generated briefing is available yet.
globenewswire.com · Dec 10, 2025
YieldMax® ETFs Announces Weekly Distributions for Group 2 ETFs
CHICAGO and MILWAUKEE and NEW YORK, Dec. 10, 2025 (GLOBE NEWSWIRE) -- YieldMax® ETFs today announced distributions for the YieldMax® Group 2 weekly pay ETFs. Group 2 Distribution Announcement Ex.
seekingalpha.com · Nov 15, 2025
SMCY: High Risk, Low Reward
SMCY uses a synthetic long position in combination with selling calls. This complex options strategy mimics the exposure of owning SMCI, but is done to generate income. The fund's strategy sacrifices the majority of the underlying stock's gains. While SMCI delivered a 74% total return in the observed year, SMCY only delivered 25%. The fund retains almost all the downside risk of owning SMCI stock.
AI research layers
Interpretive context generated from the platform’s current data sources.
No results
AI research layers have not been published yet.
