Bottom line: HOOY seeks high weekly income by writing calls against synthetic exposure to Robinhood Markets (HOOD). Single-stock volatility in the fintech/brokerage space can support elevated option premiums, offering income investors a way to monetize HOOD’s swings while collecting frequent distributions.
It is not a pure Robinhood equity holding or a stable income vehicle. The strategy caps upside, leaves most downside exposure intact, and can produce NAV erosion when high distributions exceed economic returns. Payout amounts fluctuate with implied volatility.
Size any position according to your tolerance for single-stock risk rather than the current yield. Review the prospectus, distribution character, and HOOD’s fundamentals before acting. This is not investment advice.
Distribution History for HOOY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| September 2026 | $175.31 | 400 | $0.4383 |
| August 2026 | $128.36 | 399 | $0.3217 |
| July 2026 | $33.41 | 101 | $0.3308 |
| June 2026 | $167.65 | 350 | $0.4790 |
| May 2026 | $68.60 | 164 | $0.4183 |
| April 2026 | $61.04 | 128 | $0.4769 |
| March 2026 | $51.55 | 128 | $0.4027 |
| February 2026 | $32.48 | 96 | $0.3383 |
| Grand Total: | $718.40 | 1,766 | $0.4068 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $3,038.22 | 123 | $718.40 | $28.88 | $24.70 | $28.48 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).