AMDY is trading at $46.35 (-7.60%) as the ETF is hit by AMD’s sharp post-earnings selloff and a covered-call structure that is amplifying the decline.
- The fund’s move is directly tied to weaker-than-expected AMD guidance, which has triggered significant selling pressure on the underlying stock.
- The drop appears to be fund- and underlying-stock-specific rather than index-driven, as broader markets are currently trading modestly higher.