A Weekly Paying Dividend ETF With an 80% Yield? Meet ULTY

How I’m Using ULTY to Build Faster, More Flexible Portfolio Income

In recent years, option income ETFs have surged in popularity as investors look for more control over their cash flow. Traditional dividend stocks often pay quarterly and yield two to four percent annually. That might be enough to supplement a portfolio, but it is rarely enough to build a financial foundation that can support real lifestyle goals…unless you are working with a million dollars or more.

Option ETFs are changing that.

These funds use strategies like covered calls and synthetic option overlays to generate income that far exceeds the yields of traditional stocks. Some of them pay monthly. A few, like ULTY, pay weekly. That level of frequency and cash flow opens up new opportunities for portfolio design, debt management, and even early financial independence.

For income-focused investors, these funds offer a way to turn market volatility into a stream of predictable income. While they come with added complexity and risk, they can be powerful tools when used strategically.

ULTY OFFERS A MASSIVE DIVIDEND YIELD OVER 80%.

So here’s how I will implement the fund and why I decided to start a small position. Not quite sure ow large I want this position to grow yet, but I’m starting small because of the elevated risk.

What’s also interesting is that ULTY has outperformed the S&P 500 SPY 0.00%↑ on a YTD basis.

Fund Strategy - How ULTY Works to Generate Income

The YieldMax Ultra Option Income Strategy ETF (ULTY) is designed to generate a high level of current income, primarily through an actively managed covered call strategy. Unlike traditional dividend stocks that pay out a portion of company earnings, ULTY creates its income by selling options contracts.

Here's a breakdown of its core strategy: