The YieldMax TSM Option Income Strategy ETF (TSMY), launched on August 20, 2024, is an actively managed fund with the primary objective of generating current income. It does this by using a "synthetic covered call" strategy on Taiwan Semiconductor Manufacturing Co Ltd. (TSM). The fund achieves this by holding a combination of options that mimic the price movements of TSM while selling call options to generate premium income. TSMY pays distributions to shareholders on a monthly basis.
**Strategy:** The ETF aims to generate daily income through a combination of options strategies on NVDA.
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