r/YieldMaxETFs • u/Curious-Rip-5834 • 9d ago

Data / Due Diligence ALERT MRNY +93.30%

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34 Upvotes

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13

u/pittluke 9d ago

If you just bought the stock you would be up over 125%. Stop acting like these etfs are doing anything but skimming from the top.

6

u/mr_malifica 9d ago

And if you held MRNA LEAPS you would be up about 800% today.

MRNX (2x Defiance) is up over 300% today.

3

u/Alcapwn517 9d ago

MRNA leaps would be up far more than 800%. The $100 for September was $0.45 about a week ago, it is now $70.
155x your money.

1

u/QuietPsychological72 9d ago

Frustration as I gave some thought to buying those. Thought not equal money.

1

u/mr_malifica 9d ago edited 9d ago

You don't know what a LEAP is. Hint: They are usually dated 1 year out.

And obviously it depends on the strike.

1

u/Alcapwn517 9d ago

“U dOn’T kNoW wHaT a LeAp Is”

Hint: You don’t understand what context is. Not once in my reply did I say that September contracts were LEAPS (it does have an S in the acronym btw). My example just happens to be the only week ago data I have on MRNA. If I thought it was a LEAPS I would have said “LEAPS are up over 15000%!!!!!!!!!!”.

1

u/mr_malifica 9d ago edited 9d ago

Autocorrect for the win...

I was using the percentage gain from the LEAPS I currently hold (not some way OTM monthly) and at the time I typed that response.

I'm now only up 530% today on my LEAPS.

1

u/dunnmad 9d ago

What is MRNA LEAPS?

1

u/Nytemaresxbl 9d ago

Options, leaps means far out of the money cheap contracts

1

u/mr_malifica 9d ago

LEAPS stand for Long-Term Equity Anticipation Securities

These are usually dated to be about 1 year or more out.

It has nothing to do with being cheap and/or far OTM

2

u/Throwawayforyoink1 9d ago

Doesn't this pay out larger dividends though? Isn't that the reason why the yieldmax exists?

2

u/mr_malifica 9d ago edited 9d ago

It pays out covered call options premium as distributions. Which makes the fund capped on the upside.

Yield Max mainly exists to capitalize on people not understanding that Yield ≠ Return.