OARK YieldMax Innovation Option Income Strategy ETF
What is OARK?
OARK seeks to provide current income and capped gains on the ARK Innovation ETF (ARKK) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
OARK Factset Analytics Insight
OARK aims to generate monthly income while providing exposure to the price returns of the ARK Innovation ETF (ARKK), subject to a cap on potential investment gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys. The synthetic long exposure seeks to replicate the price movements of ARKK by purchasing and selling “at-the-money" call and put options that generally have six-month to one-year terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approx. 5%-15% above ARKK’s current share price. This limits the fund’s participation in potential gains if ARKK shares increase in value. Lastly, the fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in ARKK. Thus, investors are not entitled to any ARKK distributions.
OARK Summary Data
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Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OARK. OARK is rated a N/A out of 5.
OARK Tradability
OARK Sector/Industry Breakdown
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OARK Top 10 Holdings
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OARK Benchmark Comparison Summary
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OARK Benchmark Comparison Market Cap Size
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Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
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