YieldMax AMD ETF Doubles to $57 on AMD's 141% 2026 Surge

On June 2 2026, two reports highlighted that the YieldMax AMD Option Income Strategy ETF (AMDY) has doubled in 2026 while writing covered calls on Advanced Micro Devices. AMD’s rally from $214 to $516, powered by major AI contracts and Q1 revenue of $10.25 billion, lifted option premiums and allowed AMDY’s NAV to rise from $28 to $57. The fund’s 89.6% synthetic AMD exposure delivered 101% gains versus AMD’s 141% and SPY’s 11%, though upside remains capped and performance hinges on sustained trends and elevated volatility.