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.
8.49 USD
0.25 (2.94%)
Latest TSLY News
Seeking Alpha
Aug 16, 2024
The Yield Max TSLA Option Income Strategy ETF: One Of The Worst Constructed Covered Call Funds
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 Action (Rating Upgrade)
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 protection from a falling yen
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.
Seeking Alpha
Mar 13, 2024
TSLY: Why I'm Passing On A 60% Distribution Rate
YieldMax TSLA Option Income Strategy ETF offers income and exposure to Tesla stock through selling Tesla calls. The TSLY ETF charges a management fee of 0.99%, which is high for an ETF focused on a single company. The ETF achieves its high distribution rate through selling call options and setting up synthetic long positions.
Forbes
Mar 12, 2024
This 60% Yielding ETF Is Dangerous For Your Portfolio
We all love high yields—but every now and then we run across one here at Contrarian Outlook that's so high it's a blaring warning sign.
