The YieldMax TSLA Option Income Strategy ETF (TSLY), launched on November 22, 2022, is an actively managed fund with the primary goal of generating current income. Its strategy involves a "synthetic covered call" approach on Tesla (TSLA) stock. This strategy uses a combination of long calls and short puts to mimic the price movements of TSLA, while simultaneously selling call options to generate a consistent stream of income from premiums. Distributions are made on a monthly basis.
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