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Posted by
Two Blokes Jul 3 -
Filed in
Stock
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The YieldMax HOOD Option Income Strategy ETF offers a covered call strategy on HOOD, providing income but capping upside and exposing investors to capital erosion in volatile markets. High yields from HOOY are often a return of capital, not true income, and can be misleading if HOOD's price doesn't continue to appreciate. HOOY is best suited for high-risk investors seeking tactical exposure to HOOD with some downside cushion, but not for those seeking long-term capital growth.
