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        <identifiers>
          <ticker value="DKNG 11 C32.5"/>
          <other otherDesc="BBGID" value="BBG01Y6MS2B2"/>
        </identifiers>
        <balance>-1000.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-93500.000000000000</valUSD>
        <pctVal>-0.3244388429</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DraftKings Inc</issuerName>
                <issueTitle>DraftKings Inc</issueTitle>
                <identifiers>
                  <cusip value="26142V105"/>
                  <isin value="US26142V1052"/>
                  <ticker value="DKNG"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>32.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-11-07</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3000.000000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>DraftKings Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DKNG 11 C33"/>
          <other otherDesc="BBGID" value="BBG01XKHNX08"/>
        </identifiers>
        <balance>-1250.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-98750.000000000000</valUSD>
        <pctVal>-0.3426559972</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DraftKings Inc</issuerName>
                <issueTitle>DraftKings Inc</issueTitle>
                <identifiers>
                  <cusip value="26142V105"/>
                  <isin value="US26142V1052"/>
                  <ticker value="DKNG"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>33.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-11-07</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5625.000000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>DraftKings Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DKNG 11 C33.5"/>
          <other otherDesc="BBGID" value="BBG01Y6MRZ11"/>
        </identifiers>
        <balance>-1500.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-96750.000000000000</valUSD>
        <pctVal>-0.3357161289</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DraftKings Inc</issuerName>
                <issueTitle>DraftKings Inc</issueTitle>
                <identifiers>
                  <cusip value="26142V105"/>
                  <isin value="US26142V1052"/>
                  <ticker value="DKNG"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>33.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-11-07</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>64500.000000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>DraftKings Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DKNG 11 C34.5"/>
          <other otherDesc="BBGID" value="BBG01Y6MS5Z9"/>
        </identifiers>
        <balance>1660.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>78850.000000000000</valUSD>
        <pctVal>0.2736043076</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DraftKings Inc</issuerName>
                <issueTitle>DraftKings Inc</issueTitle>
                <identifiers>
                  <cusip value="26142V105"/>
                  <isin value="US26142V1052"/>
                  <ticker value="DKNG"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>34.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-11-07</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5320.000000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Tidal Trust II</ncom:nameOfApplicant>
      <ncom:signature>/s/ Aaron Perkovich</ncom:signature>
      <ncom:signerName>Aaron Perkovich</ncom:signerName>
      <ncom:title>Treasurer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
