Yieldmax Meta Option Income Strategy ETF

Context

Meta Platforms (META) is currently trading at $682.31, trapped in a tug-of-war between two contrasting narratives: an incredibly resilient core advertising machine and unprecedented AI infrastructure spending.

The AI Spending Dilemma: Wall Street has been highly critical of Meta’s ballooning capital expenditures, which are projected to reach a massive $130B to $145B for FY2026. This spike squeezed Q2 2026 free cash flow down to $784 million and dropped operating margins to 30.9% (from 43% YoY).

The Monetization Shift: Despite margin pressures, Meta is successfully showing early proof of AI ROI. Its Advantage+ AI ad engine has climbed to a $75 billion annual run rate. More recently, in September 2026, Meta launched “Meta One” (a subscription tier for advanced AI tools across Instagram/WhatsApp/Facebook) and rolled out “Muse,” a highly downloaded autonomous AI agent.

My trade

The Strategy: Long-term accumulation via a Buy-the-Dip / Core Holding Strategy.

Position Building: I am holding a long core position, initially accumulated closer to the $580-590 range during the post-Q2 earnings sell-off.

Tactical Addition: Adding a small fraction of the remaining capital ahead of the September 23 Connect event. If the conference triggers a temporary “sell-the-news” pullback toward the $640 support line, I will use a dollar-cost averaging (DCA) approach to acquire more.

Takeaway

High-Conviction ROI: Meta isn’t burning cash blindly like the Meta-verse pivot of 2022. The $145B bill is delivering immediate efficiency improvements in core ad conversion rates (+15.7% on Facebook) and opening net-new software revenue pipelines via Meta One subscriptions.

Trading at roughly 17x 2026E P/E, Meta is remarkably cheap compared to other mega-cap tech peers relative to its growth. As long as Daily Active People keep growing (currently at 3.6 billion), the ad machine will seamlessly fund Zuckerberg’s AI ambitions until CapEx expenditures stabilize or decline in 2027.

Funda AI: "Our interviews suggest that frontier labs remain committed to training and advancing model capabilities internally, while additional evaluation and remediation may slow the pace of public releases ONLY."

$Ps S&P 500 Mmtm(SPMO.US)

Context: U.S. stocks surged today after the Federal Reserve raised interest rates, reaffirming its focus on taming inflation and removing a long-standing source of market anxiety. With the rate hike behind them, investors returned to their favorite themes. Tech shares gained, with Alphabet and Meta rising more than 1% each before the bell. Understandably, memory and data center stocks are also on the rise, some even going above +5%.

My Trade: I have been invested in SPMO since last year and for me, this is the slightly riskier but better returns of the top momentum S&P stocks. I am also waiting to see what additions/cuts there will be in the upcoming reshuffle.

Takeaway: The rate policy decision will be crucial in determining investor sentiment in the second half of September, historically a weak month for equities. So far this month, the benchmark S&P 500 has lost 1.7%. The upcoming reshuffle for SPMO also has investors speculating that Micron's weightage would be cut in half to 5% while increasing Nvidia slightly. @Captain's Treasure