Top Chart Technical Indicator generated by AI with ChatGPTThis is a test of a technical indicator based on text instructions to ChatGPT. We analyze TSLY ETF.
Key stats
About YieldMax TSLA Option Income Strategy ETF
Expense ratio
1.01%
Home page
Inception date
Nov 22, 2022
TSLY aims to generate monthly income while providing exposure to the price returns of Tesla stock (TSLA), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of TSLA by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above TSLA's current share price. This limits participation in potential gains if TSLA shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in TSLA stocks. Thus, investors are not entitled to any TSLA dividends.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
TSLA ETF (Ticker: TSLY) Rally Setup Similar to NVDA 2024All our Wolfe Wave enthusiast traders have enjoyed the setup in the TSLY ticker 3d timeframe. This is proxy ticker to TSLA . We all entered into position prior to the BUY alert which triggered on June 28. Based on the 3D bullish wave formation, the wolfe wave is expecting another 30% upside. In
What if TSLA paid you a 70% dividend yield? Meet TSLYAMEX:TSLY
This an Exchange Traded Fund by YieldMax ETFs kicked off in Nov 2022. The Fund’s primary objective is to provide income by selling TSLA options for premium and distributing them back to investors as dividend payments.
The Fund’s secondary objective is to provide exposure to the share pr
See all ideas
Analyze a symbol's price movements over past years with our seasonal tools, helping you spot repeating annual trends and better gauge potential market patterns.