The Peters Report: ULTY Update!! đ¨
Staying Ahead: The Latest on Market Movement & ULTYâs Holdings
Hey, MFG!
YES! YES! YES!
I hope your week is going well so far and youâre closing out your summer with a bang!
Today, I want to discuss the YieldMax Ultra Option Income Strategy ETF (ULTY), but before I dig into the details I wanted to give you a quick market update.
I usually begin my articles with a market update to provide the bigger picture before diving into specific details. This approach, known as top-down market analysis, helps set the stage for the message of the article.
September started with stocks selling off at the beginning of the month, just as they did four weeks ago with the Yen carry trade. The decline is being led by semiconductor firms.
NVDA NVDA 0.00%â experienced the largest single-day market value loss of any company in history yesterday, which isnât entirely unexpected given its sizeâ9.5% of its nearly $3 trillion market cap is a substantial amount. INTC, AMD, QCOM, and AVGO all dropped by more than 5%.
There wasnât an obvious catalyst for this declineâtraders seemed to be reacting to the same information available since NVDAâs earnings last week, but with increased pessimism.
Remember, markets move based off fear and greed, so that reaction might be understandable. The market has been heavily reliant on chip stocks for gains over the past two years, and if sentiment is shifting, the market could be facing the consequences now.
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It wasnât only chip stocks that suffered. All three major indexes declined, with other sectors like energy, industrials, and small-cap stocks also experiencing losses.
This wave of pessimism also impacted oil (USO) and copper (CPER) prices. Bond yields fell on the expectation that interest rates will not only start declining after the upcoming Fed meeting, but will remain low for a longer period.
The question now is whether this market turbulence will settle by the end of the week, as it did last month.
A strong nonfarm payrolls report on Friday could help to reverse the decline; however, one thing appears more certainâvolatility is likely to remain elevated until there is more clarity on the economic outlook.
With all that being said, no one knows where the markets are going!!
Follow your charts to stay in flow and be diversified because you canât predict long-term price movement.
Letâs dig into ULTY and its new holdings for September.
-GP a.k.a Fullauto11 đ§đź
The Peters Report - Stock & Crypto Traderâs Resource
Always remain bullish and follow The Money Flow.
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THE PETERS REPORT: ONE OF GPâS FAVORITE INCOME FUNDS UPDATE!! đ¨đ¨
One of my favorite new option-income funds is the The YieldMax⢠Ultra Option Income Strategy ETF (ULTY).
ULTY ULTY 0.00%â is an actively managed ETF managed by YieldMax. It focuses on earning monthly income by using covered call strategies on a selected group of stocks, known as underlying securities.
ULTYâs primary investment goal is to seek current income.
ULTYâs secondary investment objective is to seek exposure to the share price returns of the underlying securities, subject to a limit on potential investment gains for each such security.
ULTY is a fund that generates monthly income through covered-call option strategies in a portfolio 15-30 stocks. YieldMax does own these securities and the investment team meets weekly to review and manage the portfolio. Strategies are adjusted and stocks are swapped in and out based on performance.
đđ If you want to learn more about how to earn monthly income from options with no options knowledge required CLICK HERE!!
LATEST ULTY UPDATE!! đ¨đ¨
The YieldMax team meets regularly to discuss options strategies and portfolio performance. Every so often the fund manager, Jay, restructures the ULTY portfolio.
Recently, some stocks have been added and removed from the portfolio. This month, Jay did a major revamping of stocks compared to last month.
đđ AI, AVGO, CHWY, ENPH, FGXXX, IOT, QQQ, SAVA, SMMT, TNA, and ZS were added.
đđ AMSC, ARM, ASTS, CAVA, CLSK, CVNA, ELF, ENVX, HIMS, HOOD, JMIA, LMND, RDDT, RUN, and W were swapped out.
[See current ULTY holdings below. New additions are highlighted in green.]
I really like this ULTY fund and Iâm looking to pick up some shares. I also enjoy reviewing Jayâs changes the portfolio. Itâs very cool to see what moves a professional fund manager is making.
I find it interesting to see that he added QQQ QQQ 0.00%â and TNA TNA 0.00%â . Iâve been following small cap stocks and thinking about an opening a trade in TNA for some time now.
Make sure to subscribe to The Peters Report to stay up to date on ULTYâs holdings and stay one step ahead of the markets. I track the markets and scan all of my charts daily, if not multiple times a day. This is all I do, MFG!
GPâs Wrap-Up
Letâs review what happened with NVDA yesterday.
NVDA set a new record on Tuesday, but it wasn't a positive one. The stock tumbled by 9.5%, marking the largest single-day loss in market value for any U.S. company to date.
This sharp decline followed a weekend during which investors weighed the chip makerâs disappointing profit outlook from its recent earnings release.
The drop wiped out $278.9 billion of NVDAâs market capitalization, surpassing Meta Platforms' previous record of a $232 billion loss on February 3, 2022.
NVDAâs downturn was part of a broader selloff among semiconductor stocks, with the iShares Semiconductor ETF SOXX SOXX 0.00%â closing down 7.6%âits worst performance since March 2020, when the Covid-19 pandemic impacted markets.
Other chip makers, including ON, INTC, AMD, QCOM, and AVGO, saw their shares fall between 6% and 9%.
In NVDAâs most recent earnings report, the company exceeded analystsâ revenue forecasts, but issued a somewhat disappointing outlook. According to Dow Jones Market Data, NVDAâs decline on Tuesday was its largest percentage drop since April 19, when the stock fell by 10%.
Iâm watching NVDA for an entry into a 2x leveraged trade NVDL and options-income play NVDY.
September is often a challenging month for the stock market, and it seems investors are inclined to move away from equities before upcoming economic reports.
The nonfarm payrolls report on Friday is expected to be a major focus for the markets. Additionally, NVDAâs competitor AVGO is scheduled to announce its quarterly earnings on Thursday.
Always remember, whatever you think about comes about, whatever you focus on grows. - GP
Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 or email GP fullauto11@gmail.com to join.
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You said, "Additionally, NVDAâs competitor ALGO is scheduled to announce its quarterly earnings on Thursday." Was that supposed to AVGO?