Amplify ETFs has launched the Amplify Solana 3% Monthly Option Income ETF (SOLM), a first-of-its-kind fund designed to offer investors Solana exposure with high monthly income potential. The fund, part of Amplify’s YieldSmart™ series, combines covered call strategies with Solana price exposure to generate consistent returns. It aims to capture Solana’s growth momentum while offering a targeted 36% annual option premium income and 3% monthly yield.
Innovative Option Strategy to Maximize Solana Income
As stated in the press release, SOLM’s structure divides its portfolio into two portions, 30–60% for covered calls and 40–70% for direct Solana exposure. The covered call segment focuses on weekly out-of-the-money options, allowing investors to collect option premiums while retaining 5–10% weekly upside potential. The rest of the portfolio remains uncapped, tied to Solana’s long-term price appreciation.
According to Christian Magoon, CEO of Amplify ETFs, “Amplify is excited to join the Solana ecosystem with a first-of-its-kind SOL target option income and capital appreciation ETF.” He added that the product aims to “deliver an innovative income solution that exceeds Solana staking income while maintaining more than 5–10% weekly SOL capital appreciation potential.”
By using short-dated weekly options, SOLM’s YieldSmart™ strategy enables four times more frequent income resets than traditional monthly options. Consequently, it allows for compounded income generation and greater adaptability to Solana’s price volatility.
Solana’s Market Strength and Technical Setup
Solana’s native token, SOL, traded at $156.54 as of press time, with a market capitalization of $86.6 billion. Despite a recent 19.9% weekly drop, analysts observe emerging signs of a potential rebound.
As per curb.sol’s analysis, Solana’s daily chart shows a Tweezer Bottom pattern near the $150 support, hinting at early bullish reversal potential. A sustained move above $160 could open resistance targets at $175 and $195.
However, the analyst warned that losing the $150 support could trigger another decline toward $138. This reinforces the importance of follow-through buying to confirm recovery momentum.
Source: X
Meanwhile, market observer Lennaert Snyder noted that Solana’s weekly range remains attractive for long-term positioning. He suggested that a potential retest of the $122 zone could offer a strong buying opportunity. Snyder also emphasized that reclaiming the $200 level would likely confirm the end of the prevailing downtrend.