MSTY led income-source signals — 2026-05-08

Last week’s recap was led by AMDY at net per share 19.088 — an unusually large figure under only two matched intraday files. The caveat was written into last week’s read: a large number under narrow coverage should be logged as an unusual observation, not treated as a stable pattern. This week the figure compresses sharply. AMDY ranks second at 5.687, with three matched intraday files and both PIN and POUT visible. The spike did not repeat. What remained was a still-elevated figure in the second position.

The lead this week is MSTY. It ranks first at net per share 8.095, net $416.86M, PIN $484.38M, and POUT $67.51M. The net figure is not just the largest in this week’s ranked set by net per share — it is also the largest by absolute dollar terms, and by a significant margin. AMZY ranks second in absolute net at $60.87M, and GOOY at $56.92M. MSTY’s $416.86M sits in a different scale entirely. Four matched intraday files give a readable snapshot, though not a full five-file week.

This week’s table is also structurally cleaner than recent weeks. Every ticker in the ranked top 10 shows both PIN and POUT. There are no zero-POUT gross premium entries forcing a separate comparability note at the top of the ranking. That does not make the ranking a performance score. It only makes the income-source layer more directly comparable across this week’s entries than a week where gross-only and spread-based entries sit side by side.

This week’s income-source pulse

Window: 2026-05-04 → 2026-05-08 (US Mon–Fri), frozen snapshot for week ending 2026-05-08. This ranking covers the tracked weekly set, with Group-3 and Target-12 shown separately below. It is not a performance score, and not an ex-dividend-cycle model.

Three structural notes apply this week. First, MSTY leads with the largest absolute net in the ranked set — $416.86M — and both PIN and POUT are visible, making it a cleaner read than a gross-only entry. Second, AMDY remains elevated after last week’s unusually large observation, but its figure compresses from 19.088 to 5.687 and its coverage broadens from two to three matched intraday files. Third, the two widest price/NAV gaps in the ranked set belong to AMDY at +9.40% premium and RDYY at −3.52% discount; both are pricing context, not income-source signals.

Anchor read: MSTY — large absolute net, PIN and POUT both visible

MSTY ranks first at net per share 8.095, net $416.86M, PIN $484.38M, and POUT $67.51M. Coverage: 4 intraday files, 20 holdings rows. DQ level: ok. Premium +3.15%.

The first thing to notice about this read is scale. MSTY’s net is not just first by net per share — the absolute dollar figure separates it from every other entry in this week’s table. The next-largest absolute net belongs to AMZY at $60.87M, which is less than 15% of MSTY’s observed figure. That separation matters because it tells you the cashflow layer is large in dollar terms, not just large relative to a small share count. The second useful point is structure. Both PIN and POUT are visible. This is not a zero-POUT case where the absence of observed rolling costs inflates the net figure. Premium paid ($67.51M POUT) is visible and subtracted inside the window. That makes the read cleaner, though coverage at four matched intraday files rather than five is the remaining limitation. MSTY is this week’s ranked lead, and the scale of the observed net figure makes it the anchor read for this snapshot. One week at the top under four-file coverage is enough to log as a signal. It is not enough to call it a pattern.

AMDY — second consecutive near-top read, figure compresses

AMDY ranks second at net per share 5.687, net $31.99M, PIN $118.89M, and POUT $86.90M. Coverage: 3 intraday files, 17 holdings rows. DQ level: ok. Premium +9.40%.

This is the follow-up to last week’s lead read. AMDY posted 19.088 last week under two matched intraday files; this week the figure is 5.687 under three. The compression is large, and the coverage improvement is modest. What changed is that the extreme spike did not repeat. What did not change is that AMDY stays near the top of the ranking for a second consecutive week with both PIN and POUT visible. The premium at +9.40% is the highest in this week’s ranked set, which adds pricing context that belongs in the read: a wide premium means the market price is trading notably above NAV, and that gap is separate from anything the income-source figure is telling you. The cleaner takeaway is that AMDY has now produced two consecutive near-top reads. Whether that becomes a three-week pattern, or whether coverage depth and the premium compress together, is the monitoring question for next week.

Why these moved (grounded notes)

One observable field, one stated limitation per ticker. The most common mistake is treating net per share rank as a quality ranking — it isn’t.

• MSTY (G2, underlier MSTR): net per share 8.095, net $416.86M — PIN $484.38M, POUT $67.51M, intra 4 files, holdings 20. Largest absolute net in this week’s ranked set by a wide margin. Both PIN and POUT visible. This week’s ranked lead. Premium +3.15%.
• AMDY (G2, underlier AMD): net per share 5.687, net $31.99M — PIN $118.89M, POUT $86.90M, intra 3 files, holdings 17. Second consecutive near-top read; figure compresses sharply from last week’s 19.088. Highest premium in ranked set at +9.40%.
• DIPS (G2, underlier NVDA): net per share 4.767, net $1.10M — PIN $1.16M, POUT $0.06M, intra 3 files, holdings 5. High per-share figure but small absolute net ($1.10M). Both PIN and POUT visible. Discount −1.45%.
• CVNY (G2, underlier CVNA): net per share 4.761, net $4.40M — PIN $4.96M, POUT $0.56M, intra 2 files, holdings 10. Narrowest intraday coverage in the ranked set. Treat as a valid but conservative partial observation. Discount −0.50%.
• RDYY (G2, underlier RDDT): net per share 3.739, net $2.15M — PIN $2.66M, POUT $0.51M, intra 4 files, holdings 6. Both PIN and POUT visible. Widest discount in ranked set at −3.52% — pricing context, not an income-source signal.
• GOOY (G1): net per share 3.167, net $56.92M — PIN $68.16M, POUT $11.24M, intra 4 files, holdings 14. Largest absolute net among G1 entries this week. Premium +0.91%.
• YBIT (G1): net per share 3.121, net $5.63M — PIN $7.78M, POUT $2.15M, intra 4 files, holdings 10. Both PIN and POUT visible. Slight discount −0.22%.
• FIAT (G1): net per share 3.031, net $5.29M — PIN $5.68M, POUT $0.40M, intra 4 files, holdings 12. Both PIN and POUT visible. Second-widest discount in the ranked set at −3.05%.
• AMZY (G2, underlier AMZN): net per share 2.909, net $60.87M — PIN $63.62M, POUT $2.75M, intra 4 files, holdings 8. Large absolute net — second only to MSTY in the full ranked set. Lower per-share rank because of a larger share base (20.93M shares). Premium +0.72%.
• HIYY (G1): net per share 1.579, net $2.41M — PIN $3.33M, POUT $0.92M, intra 4 files, holdings 12. Third consecutive week in or near the top of the ranked set. Premium +6.98%.

Weekly take (author commentary)

This week is the cleanest ranked table in recent weeks from a structural standpoint. Every entry in the top 10 shows both PIN and POUT, which removes the comparability friction that comes when gross-only entries sit alongside spread-based funds in the same ranking. That structural clarity is worth noting — but it does not change what the table is. It is a weekly snapshot of observed options cashflow, not a measure of fund quality, and not a forecast of what any fund will distribute.

The dominant read this week is scale. MSTY‘s $416.86M absolute net is not a rounding difference above the rest of the table — it is categorically larger. AMZY at $60.87M and GOOY at $56.92M are the next closest in absolute terms, and they are each less than 15% of MSTY’s figure. A per-share ranking surfaces the magnitude in one column, but the dollar scale adds a separate layer: a large fund producing a large per-share figure means the cashflow layer is genuinely large in aggregate, not just an artifact of a small share base. Coverage at four matched intraday files is the remaining limit on how confidently to read that scale in a single week.

AMDY is the more informative continuity read. Last week it was the obvious leader at a figure that required careful handling because of the narrow two-file coverage. This week the figure compresses to 5.687, the coverage broadens slightly to three files, and the premium widens to +9.40% — the highest in the ranked set. That combination deserves a note: a wide premium means the market is pricing AMDY significantly above NAV, and that gap is a separate signal from the income-source observation. Neither confirms nor invalidates the other, but mixing them in the same sentence is the mistake to avoid. HIYY also moves from lead story two weeks ago to background continuity this week — its third consecutive appearance in or near the top of the ranked set, now at 1.579, down from 4.618 last week.

Coverage still matters even in a week that looks clean. Four matched intraday files for MSTY and three for AMDY mean these readings are not full five-file observations. CVNY’s two matched files make it the thinnest coverage entry in the ranked set and the one that warrants the most restraint in interpretation. A readable figure from a two-file window is still a partial observation, and partial observations belong in the log — not in the same interpretive weight as a full-week read. The goal of this weekly snapshot is not to identify what performed well. It is to observe what the options income layer looked like during the window, note where coverage was thin, and let the data accumulate over time into a more readable pattern. One week of MSTY at the top, with AMDY compressing behind it, is a start. It is not a conclusion.

For context on how net per share is calculated and what it does and does not measure, see How to Read Net per Share in Context. For the structural difference between observed cashflow and declared distributions, see How Weekly Income Forms.

Risk checklist (readable, not fine print)

• Net per share ranks coverage windows, not fund quality. A higher figure does not mean a better fund or a larger future distribution.
• Coverage depth varies across tickers. CVNY (2 intraday files) and AMDY (3 intraday files) are partial-coverage observations this week. Partial coverage does not invalidate the figure, but it limits interpretation.
• POUT is visible for all ranked tickers this week, but the ratio of POUT to PIN varies widely — from DIPS (POUT $64K against PIN $1.16M) to AMDY (POUT $86.9M against PIN $118.9M). Those ratios reflect different rolling cost structures, not different quality levels.
• Premium and discount readings (AMDY +9.40%, RDYY −3.52%) are price/NAV gaps, not income-source signals. Do not combine them with net per share in the same interpretive sentence.

Top 3 highlight cards

Coverage notes (intraday/holdings)

Top movers — full table

⚠ intra ≤ 2: thinner coverage; treat as partial observation.

Group-3 notes

Group-3 is shown separately because its coverage and product structure are not the same as the main ranked set.

MSST shows net per share −17.791, net −$2.67M, PIN $0, and POUT $2.67M. Coverage: 2 intraday files, 8 holdings rows. DQ level: partial, with NET_NEGATIVE flagged. PIN is zero this window, meaning the observed figure reflects visible premium paid outward with no corresponding inward premium captured in these two files.

NVIT shows net per share −13.092, net −$2.29M, PIN $0, and POUT $2.29M. Coverage: 1 intraday file, 4 holdings rows. DQ level: partial, with NET_NEGATIVE flagged. One matched intraday file is a thin-coverage partial observation. The figure belongs in the log and should not be read with the same interpretive weight as a broader-coverage entry.

TEST was excluded from this snapshot because no intraday files were available inside the weekly window (INTRA_MISSING).

The useful read here is not that Group-3 was negative. The useful read is that the observed window shows zero PIN across both items, visible POUT, and partial coverage. That is what belongs in the log this week.

Target-12 reference

Target-12 is shown separately because its rolling cadence and structure differ from the main weekly-movers ranking.

BIGY shows net per share −0.005, net −$2,790, PIN $307,518, and POUT $310,308. Coverage: 5 intraday files. DQ level: partial, with NET_NEGATIVE flagged. This is the thinnest negative margin in the T12 set this week — both PIN and POUT are present and close in magnitude, producing a near-zero net. Full five-file coverage is the strongest coverage read among T12 entries this week.

RNTY shows net per share −0.176, net −$17,558, PIN $8,973, and POUT $26,531. Coverage: 2 intraday files. DQ level: partial, with NET_NEGATIVE flagged. Two matched intraday files; treat as a partial observation within the T12 rolling structure.

SOXY shows net per share −0.104, net −$64,919, PIN $836,919, and POUT $901,838. Coverage: 2 intraday files. DQ level: partial, with NET_NEGATIVE flagged. Two matched intraday files. SOXY carries the largest absolute negative net in the T12 set this week (−$64,919), though within the context of a $53.99M AUM fund, the figure is proportionally small.

Target-12 NET_NEGATIVE figures this week reflect observed POUT exceeding PIN within the weekly window, consistent with a rolling structure where costs can be front-loaded in a given week. These should not be read as the same type of signal as a negative figure in the main ranked set.

Next-week watchlist (monitoring prompts)

• 1. MSTY — MSTY is this week’s ranked lead after AMDY led last week’s recap. Does the five-file coverage close next week, and does the net per share figure hold at a comparable level or compress?
• 2. AMDY — Two consecutive near-top reads with both PIN and POUT visible. Does the premium (+9.40%) compress alongside the net figure, or do they move independently?

These are monitoring prompts, not recommendations.

Data scope & limits

• This post tracks weekly options income-source signals using intraday and holdings data. It is not an ex-dividend-cycle model.
• Missing or holiday days are skipped (no forced fills).
• Net per share reflects observed realized cashflow within the capture window — not declared distributions, not total return, not a forecast of future income.
• This week: all ranked top 10 tickers show both PIN and POUT, making cross-ticker comparability cleaner than weeks with zero-POUT entries in the table — but CVNY (2 intraday files) and AMDY (3 intraday files) remain partial-coverage observations.

Ticker links open the latest view. Internal links: Guide · Glossary · Featured ticker (MSTY) · How to Read Net per Share in Context · How Weekly Income Forms

Frozen snapshot for 2026-05-08. Corrections appear in subsequent weekly logs.

Reference-only (excluded from ranking)