⚡ Tesla Volatility + Covered Calls = Monthly Income
📌 Table of Contents
✅ Overview
🧠 Strategy & Structure
💼 Holdings
📈 Performance
🔍 Pros & Cons
✅ Conclusion
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✅ 1. ETF Overview
Name: YieldMax™ TSLA Option Income Strategy ETF
Ticker: TSLY
Issuer: YieldMax
Inception Date: December 13, 2022
Expense Ratio: 0.99%
Distribution Frequency: Monthly
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🧠 2. Strategy & Structure
TSLY uses a synthetic covered call strategy on Tesla Inc. stock via option swaps.
It does not directly own TSLA shares but mimics their exposure with derivative instruments.
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💼 3. Holdings
No actual TSLA shares held
Key components include:
Total Return Swaps based on TSLA
Treasury bills or cash equivalents for collateral
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📈 4. Performance
12-Month Yield (Trailing): ~40–55% (very high due to TSLA volatility)
NAV Volatility: Extreme
Ideal for: Income-seeking investors with high risk tolerance
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🔍 5. Pros & Cons
Pros:
Exceptionally high monthly income
Access to TSLA volatility without direct equity risk
Thematic exposure to Tesla's innovation
Cons:
High fees (0.99%)
No capital gain from TSLA stock appreciation
High NAV fluctuations — not suitable for risk-averse investors
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✅ Conclusion
TSLY is an aggressive income-generating ETF that leverages Tesla's price swings.
It should be treated as a high-risk, tactical position, not a long-term core holding.
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🔚 Hashtags
#TSLY #TeslaETF #CoveredCall #MonthlyDividend #YieldMax #OptionsStrategy #HighYieldETF #TSLAIncome #RiskyETF #IncomeInvesting
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TSLY ETF Analysis
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