Chart of Day: YieldMax DKNG Option Income Strategy ETF (DRAY)

With the 2026 NFL season now underway, so are bets on games.

In fact, the betting market is quite substantial. According to the American Gaming Association, the U.S. could bet about $29.5 billion through regulated commercial sportsbooks during the 2026 NFL season. That’s only slightly above last season’s $29.4 billion, but it still gives companies like DraftKings a large pool of business to compete for.

One of the potential beneficiaries of that is DraftKings (DKNG).

While you can always buy DKNG, you can also buy a related ETF, which also pays a weekly dividend. On October 2, for example, it paid out just under 10 cents per share. On September 25, it paid out just over 10 cents per share. On September 18, it paid out just over 12 cents per share. And on September 11, it paid out just under nine cents per share.

It’s able to do so with an option income strategy.

As noted by YieldMaxETFs.com, “The YieldMax DKNG Option Income Strategy ETF (DRAY) is an actively managed ETF designed to generate weekly income by selling call spreads on DraftKings Inc (DKNG). By writing call spreads, DRAY seeks to systematically harvest option premiums from DKNG’s volatility, striving to turn it into a weekly income stream while still maintaining participation in DKNG’s share price appreciation. DRAY offers a compelling way to potentially collect income and stay long DKNG.”

Not only do you get exposure to billions in bets, but you can collect yield, too. Plus, analysts at Bank of America love the stock, which has an optimistic view of prediction markets. Prediction markets allow customers to trade contracts based on whether an event happens. For DraftKings, that could create another way to attract customers and give existing users more reasons to stay active.

About Author

Ian Cooper

Ian Cooper has helped individual investors navigate financial markets, identify opportunities, and manage risk since 1999. He has taught thousands of investors to interpret market-moving news and investor psychology through a disciplined combination of technical and fundamental analysis.

His major market calls included calling the 2008 financial crisis months before it began, identifying risks in subprime and Alt-A mortgages, and warning of trouble at Lehman Brothers, Bear Stearns, and New Century Financial. He also forecast the Dow Jones Industrial Average’s decline toward 6,500 and its subsequent recovery, and projected gold’s rise above $1,500 an ounce when it traded below $600.

Today, Cooper draws on decades of experience to help investors make informed decisions and pursue long-term wealth creation. His approach emphasizes rigorous research, disciplined risk management, and an understanding of how fundamentals, price trends, and market sentiment influence investment opportunities.

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