YieldMax MSTR Option Income Strategy ETF (NYSEMKT: MSTY) offers a shocking dividend yield of 290% over the past 12 months, annualizing to 65%. However, there are three key facts to consider before investing in this high-risk, high-yield option.

Firstly, the ETF is heavily invested in just one stock, Strategy (NASDAQ: MSTR), lacking diversification and leaving it vulnerable to deep downturns in the stock price.

Secondly, the dividend is variable, ranging from $2.37 to $0.13 per share over the past year, making it unreliable for income investors seeking stability.

Lastly, the total return of the ETF has declined by more than 60% since inception, indicating a lack of steady dividend growth and potential capital erosion for investors.

Overall, the YieldMax MSTR Option Income Strategy ETF may not be a suitable income investment due to its risks and trade-offs compared to other options. Investors should carefully consider these factors before buying into this high-yield strategy.

Read more at Nasdaq: 3 Things Investors Need to Know About the YieldMax MSTR Option Income Strategy ETF in 2026