It's time for the big three. We've got three stocks, three charts, and three trades for you. Rick Dat, of course, joining us to take us through the charts. And here to take us through the trades is Scott Bower, the CEO of Prosper Trading Academy.Scott, great to have you with us. Rick, great to have you with us as always. Scott, I'd love to kick things off with just a big picture thought on the market and and what we're seeing to start this week.>> I mean, it's a teflon market as as we've talked about. no ma ...

Core Viewpoint - YieldMax is transitioning the majority of its option-income ETFs from a monthly to a weekly distribution structure, appealing to investors seeking more frequent income similar to a paycheck [2][3]. Group 1: YieldMax's Strategy - YieldMax is converting nearly 100 option-income ETFs to a weekly pay structure, enhancing income frequency for investors [2]. - The firm has become popular among Baby Boomers and retirees looking for ways to generate income without active work, relying on prudent savings and investments [3]. Group 2: Investment Mechanism - YieldMax employs a strategy of covered call writing enhanced by "credit spreads," which allows for higher yield potential while capping the upside of the underlying stock [4]. - This strategy involves selling a call option while simultaneously buying a higher strike call, which lowers premium income but limits the risk of capped gains if the stock surges [4]. Group 3: Comparison with Other Strategies - YieldMax's approach differs from traditional options collars, which combine covered call writing with protective puts, emphasizing that the effectiveness of the strategy is contingent on the underlying stock's performance [5].