FMP
YieldMax TSLA Option Income Strategy ETF
TSLY
AMEX
The fund will seek to employ its investment strategy as it relates to TSLA regardless of whether there are periods adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. In seeking to achieve its investment objective, the fund will implement a "synthetic covered call" strategy using the standardized exchange-traded and FLEX options. It is non-diversified.
8.32 USD
-0.27 (-3.25%)
Historical Prices
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ceo
N/A
sector
Financial Services
industry
Asset Management - Income
website
N/A
exchange
AMEX
Description
The fund will seek to employ its investment strategy as it relates to TSLA regardless of whether there are periods adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. In seeking to achieve its investment objective, the fund will implement a "synthetic covered call" strategy using the standardized exchange-traded and FLEX options. It is non-diversified.
CIK
N/A
ISIN
US88636J4444
CUSIP
N/A
Address
N/A
Phone
NA
Country
US
Employee
N/A
IPO Date
Nov 23, 2022
Sector Weightings
Country Weightings
Financial Statement
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Earnings
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TSLY Financial Summary
ISIN
US88636J4444
Exchange
AMEX
Beta
1.25
Market Cap
1.01B
52-Week
7.47-18.223
Volume Avg.
4.69M
Price
8.32
Country
US
Management Assets
672.69M
Total Holdings
10
NAV
13.09
NAV Currency
USD
Upgrades and Downgrades
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Market Information
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Latest TSLY News
Seeking Alpha
Aug 16, 2024
The Yield Max TSLA Option Income Strategy ETF: One Of The Wo...
Covered call funds can offer inflation-adjusted income, but TSLY's strategy with Tesla is risky. TSLY has negative total returns since inception due to Tesla's volatility and options strategy. TSLY's unpredictable monthly payouts and significant net asset value decline make it a poor choice for most investors.
Seeking Alpha
Jul 17, 2024
Why TSLY Is Not The Best Choice
YieldMax introduced covered call ETFs on single stocks like Tesla and Nvidia, offering high monthly distributions of up to 103% annually. Despite high distributions, YieldMax ETFs have lower returns than underlying stocks, with risk characteristics not significantly improved by writing call options. TSLY, the most actively traded YieldMax fund, underperformed on a risk-adjusted basis in both bull and bear markets, leading to a Strong Sell rating and better alternatives for investors.
Seeking Alpha
Jun 18, 2024
TSLY: Hidden Dangers Of Chasing High Yield
YieldMax TSLA Option Income Strategy ETF is a one-stock covered call fund with a 51.45% distribution rate, but distributions have fallen by 40% over the past year. The fund generates income through options and selling shares, leading to dwindling distributions and a risk of an eroding asset base. Investors should be aware of the risks of holding TSLY, including single stock risk, volatility risk, and unnecessary taxes from the fund returning capital.
ETF Trends
May 10, 2024
ETF Lessons for a New Era
Warren Buffett once famously said: “Someone is sitting in the shade today because someone planted a tree a long time ago.” Milestones in life and in investing have a way of getting us to stop and think about decisions made that brought us here.
Seeking Alpha
Apr 25, 2024
TSLY: Playing Elevated Volatility And Rangy Tesla Price Acti...
Tesla's weaker-than-expected Q1 earnings results led to a 12% surge in its stock and Wall Street's optimism about Elon Musk's plans for the EV maker.
Invezz
Apr 23, 2024
ETF of the week: TSLA Option Income Strategy (TSLY)
YieldMax TSLA Option Income Strategy (TSLY) will be the top exchange-traded fund (ETF) to watch this week. It is already under intense pressure as it has crashed by over 46% from its highest point in 2023 and is now sitting at its lowest level since January last year.
Seeking Alpha
Apr 19, 2024
No Reason To Buy TSLY
YieldMax TSLA Option Income Strategy ETF has a dividend yield of 100% but has a negative total return and is not recommended for long-term investors. TSLY uses a combination of put writing, call buying, and call writing to create a position in Tesla, limiting its income potential to only one security. TSLY's active management has not been effective, and investors would have been better off buying Tesla shares and writing calls themselves.
Market Watch
Mar 21, 2024
Investors push a Japanese ETF to fresh highs, seeking protec...
Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at one of the currency-hedged Japan ETFs, which reached its all-time high on Thursday as the yen weakened after the Bank of Japan's historic interest-rate shift.
