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YieldMax PYPL Option Income Strategy (PYPY) ETF Holdings & Analysis
ETFOther
What PYPY does
PYPY aims to generate monthly income while providing exposure to the price returns of Paypal stock (PYPL), subject to a cap on potential 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 for collateral. The synthetic long exposure seeks to replicate the price movements of PYPL by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above PYPL's current share price. This limits participation in potential gains if PYPL shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in PYPL stocks. Thus, investors are not entitled to any PYPL dividends.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| United States Treasury Bill 09/03/2026 | 34.59% | |
| United States Treasury Bill 10/15/2026 | 14.51% | |
| United States Treasury Bill 12/10/2026 | 14.51% | |
| United States Treasury Note/Bond 2.375% 05/15/2027 | 14.49% | |
| United States Treasury Bill 02/18/2027 | 11.16% | |
| PYPL 09/18/2026 50.01 C | 5.44% | |
| First American Government Obligations Fund 12/01/2031 | 2.69% | |
| Cash & Other | 1.42% | |
| PYPL 09/18/2026 50.01 P | 0.95% | |
| PYPL US 09/04/26 C55 | 0.18% |
Sector allocation
| Financial Services | 100.00% |
Geographic allocation
| United States | 78.55% |
| Other | 21.46% |
PortView Portfolio Insights
PortView analyzes how PYPY fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does PYPY track?
- PYPY is the YieldMax PYPL Option Income Strategy ETF, a Other ETF.
- What is the expense ratio of PYPY?
- Expense ratio data for PYPY is shown on the page when available from our data provider.
- What are the largest holdings in PYPY?
- Top holdings include United States Treasury Bill 09/03/2026, United States Treasury Bill 10/15/2026, United States Treasury Bill 12/10/2026, United States Treasury Note/Bond 2.375% 05/15/2027, United States Treasury Bill 02/18/2027.
- How can PortView analyze PYPY overlap with other ETFs?
- PortView computes the holdings overlap between PYPY and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.