The pitch behind YieldMax Magnificent 7 Fund of Option Income ETFs (NYSEARCA:YMAG) is intuitive: own all seven Magnificent Seven names through a single ticker, collect a fat weekly distribution, and let YieldMax run synthetic covered calls in the background.
YMAG Bundles YieldMax's Magnificent Seven Strategy Into One Ticker, And the NAV Decay Compounds Across All Seven
Source: 24/7 Wall Street