TSLY
Tidal Trust II - YieldMax TSLA Option Income Strategy ETF
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$TSLY is going to start the printing, you heard it here first.
Just hit my first major milestone, 12k invested. Just 3.5 years ago I lost my job to due COVID-19 & became homeless shortly after. After going broke & losing my car all my friends slowly disappeared & that is why I’m here sharing this information.
A Portfolio I Found That Works For The Average Person
A Portfolio I Found That Works For The Average Person
I LOVE TSLA as a company. As a long term hold, to sell options on & to collect dividends.
What am I missing with TSLY and XYLD?
Mentions
anybody else noticing the rise of what appears to be a mix of bot accounts/AI accounts/people that appear to be paid off for what they’re saying pushing YieldMax option-income ETF’s on Tiktok? I’ve never even looked up stocks/financials on tiktok and have never looked any of these etf’s up on other platforms specifically but about every 4th or 5th post on my for-you page is someone shilling PLTY, TSLY, MSTY, or some combination of the 3 as dividend income juggernauts with zero downside that you should be pouring however many dollars you can physically spare into right now
Tesla is a very scary stock to go against. Good luck! I used to do some TSLY, and it was so volatile I had to get out. I don’t have the stomach for the roller coaster. Maybe you’ll get a big spike down from the crazy moves it makes
It tripled bottom at $275 and twice AH. If that level breaks it can get to $250 in a hurry. Also to add Elon over there if he keeps talking on social media hard to say. Will honestly buy TSLY and collect the dividend next week.
Nobody is talking about the TSLY?? Their dividend payout is next week.
If YieldMax dividend profits more on volatility, wouldn’t TSLY be the move right now? 🤔
2-5% per year? Or per month? If per year then just bit SGOV or BIL. They yield 4.5% risk free. If you want 2-5%+per month then buy high yield ETF from Yieldmax (e.g TSLY, MSTY) or roundhill (e.g. QDTE, XDTE). If you want 2-5% per week then go with options trading
Over time MSTR is going to outperform MSTY and TSLA is going to outperform TSLY. It's just how they work
Love this, thanks for the encouragement. I bought 500 shares of MSTY on Tuesday or Wed. It's not looking good right now. I also bought 150 shares back near the all time lows, $17's but still my cost basis is way higher than current market price. I plan of dumping 20% of our total household net into MSTY, ULTY, CONY, TSLY, PLTY and either YMAX, YBIT. On the dream these preform like they have historically, over the next 3 years. Once I'm playing with house money I won't be so concerned but right now after only 2 months in these funds, it's been so-so, still ahead with the distributions. If things playout ok, even 50% of historical returns I'll be able to work if I want to, and wife will be a homemaker. At the very least, I plan to take a couple of nice international trips with the distributions. This isn't our life's savings, our retirement accounts, or anything like that. But my wife doesn't quite understand it or the amount going into it.
I think its designed so that the NAV will erode but you'll earn monthly distribution.. I think the play is to buy it during dips or at demand zones/support and ride it out the yield until it hits your invalidation or breakeven.. then sell but I can see how people would rather be in the market and DAC in to earn a monthly income. I guess it's either you rather take a hit on NAV eroding and getting monthly distributions or try to time/swing. Seems like holding yield max long term will make it breakeven unless it goes up or ranges. Looking at TSLY.. if MSTY follows suit, IDK if it's even worth it to hold long-term since nav erosion, reverse split, and decreased distribution.
Right b4 close yesterday, at 3:59PM, I had the brilliant idea to sell puts on TSLY: 9P 6/20 for $65 credit. 🤦♂️
What if he threw the 100K in TSLY and MSTY then got dividends. He could probably get his cost basis back in 10months to 1 year then have dividend reoccurring revenue and then sell to get near his 100k back depending on the stocks.
I used to invest in TSLY (chasing after higher dividends) but I divested. Glad I did. The stock has plummeted since then and the money I made from it would’ve been blown out of the water considering the stock price was literally sliced in half.
From the last lost decade (2000 to 2010) dividend and interest from bond or stock did better than growth investments, The average S&P500 return for the last lost decade was about 4.5%. Why did dividend and interest funds do better? Because the returns are much more predicable and solid than growth funds. For dividend or interest if you hold the security long enough you can get all of your money you spent to to buy it back. For individual growth stock it is almost impossible to calculate how long you have to hold it to get your money back. For example Say you invested 100K in SPYI with its 11% yield How long would you have to hold it to get 100K in dividends is about 6.5 years . For SCHD 100K invested at a 3.6% yield it would take 20 Years. With a stock like TSLY we cannot make the calculation because tesla has been in existence for 15 years and has not yet payed a dividend. The only way to get money from TSLY is to sell your stock which you can only do once. This put growth stocks way behind dividneds or interest from stocks or bonds. You don't have to sell adividend or intest fund to make a profit. You could hold it long enough to collect 100 to 300% or more to collect enough cash. So when the market tis bad good investors seek the easy solid returns. And dividend and interest for stock or bonds is a solid return With growth stock you only get an asset with no guarantee that it willl ever produce a solid return.
Weekly reminder that YieldMaxETF is rat poison If you own any of these ETFs, then you are financially illiterate, and should seek financial advice ASAP Out of curiosity, does anyone on here still own MSTY, CONY, or TSLY, and if so, what is your IQ? [https://www.reddit.com/r/YieldMaxETFs/comments/1iroqkk/yieldmax\_is\_a\_terrible\_investment/](https://www.reddit.com/r/YieldMaxETFs/comments/1iroqkk/yieldmax_is_a_terrible_investment/)
i covered my $TSLY short on Friday morning for a nice 9.6% gain
I’m down over 50%, including “dividends, on the one share I bought of TSLY a few months back!!
What is TSLY? looked it up and couldn’t find much on it. Also good stuff, new here so just trying to figure out how to make some bucks.
If you ever feel depressed about your dumb investment decisions, just thank god that you don't own MSTY, CONY, or TSLY [https://www.reddit.com/r/YieldMaxETFs/comments/1iroqkk/yieldmax\_is\_a\_terrible\_investment/](https://www.reddit.com/r/YieldMaxETFs/comments/1iroqkk/yieldmax_is_a_terrible_investment/)
Like the TSLY price graph
TSLY, the original YieldMaxETF Seems to be approaching zero https://preview.redd.it/lo0eff8tu8ue1.png?width=1486&format=png&auto=webp&s=e3ab1c9b759e521ad28440cdaf2048e6ef83c64c
No, i invested 1% of my portfolio is TSLY is 2023 because of the insane dividend I reinvested dividends for an entire year and barely broke even YieldMax has been around for almost 3 years now, and there is enough data to see that their ETFs are trash I was warning people but the communist clown mods banned me for "reiterating a common misconception"
My thinking is for retirement portfolio, I like a mix of cash flowing securities bc otherwise the only way to monetize a position that doesn’t have any dividends is to sell the shares. If TSLY and NVDY still exists in a month, would take a sizable position in those.
Don’t care if it takes a year or 10!years . TSLY pays me monthly
I will admit I’ve thought about shorting TSLA hard… Uber has an incredible institutional flow despite overall market performance, especially looking at GEX/DEX strikes. I think rolling this to 1-5 more reasonable positions could yield you very healthy gains, or consider multi-leg/leveraging. Then you have people who are trying to do TSLY etc— I think you may have this in your favor with different dates/strikes.
Dead cat bounce. It can last a while so I sold at 12p and went 100% TSLY
MSTY is rat poison The underlying stock MicroStrategy is up by 250% in the past year, which is why MSTY paid an unusually high dividend at $4 per share for two months. Total return on MSTY since inception with dividends reinvested is still less than MSTR over the same time period In reality, YieldMaxETFs always underperform the underlying stock Imagine how dumb it would be to invest in NVDY instead of Nvidia, for example This analysis below was done about 6 months ago and it continues to get worse You also have to pay a 1% management fee in YieldMax which contributes to the shockingly rapid price decay TSLY, the original YieldMaxETF, is down 74% since inception, whereas Tesla is up over 100% in the same time period YieldMaxETFs get absolutely destroyed when the underlying stock does poorly or trades sideways Look at MRNY, which tracks Moderna. It is down 80% since inception and pays a $0.30 dividend. $100,000 would have turned into $20,000 with some pathetic taxable monthly dividends and over $1k paid in management fees The comments on YieldMaxETFs subreddit are shocking because financially illiterate individuals think that CONY and MSTY will continue to pay high dividends and compound over time, but in reality MSTY will be less than $10 a share in a year with $0.50 dividends, 1% management fee and taxes on dividend payments https://preview.redd.it/o2sv037ts6le1.jpeg?width=2962&format=pjpg&auto=webp&s=2e5535f8ae74eefbf57969255c463f3812d583f0
BIGGER DEGEN PLAY Buy 100 TSLY sell deep itm calls longest expiray and buy far in the puts same exp ..collect the yielmax stupid dividen...dibidend as i like to call it ...cash out when it crash my have to execute if liquidity is crap just do what ever (sell at ask or execute)is more prifitible.
I only sold today because I am going to pour all my investment funds into TSLY so I can hit the ex dividend date. Get a free few hundreds bucks and then get back to to penny stocks
It’s definitely the current state of a lot of groups thinking. I’m still trying to understand Kanye and his tweets. Part of me really just wants to blame it on his mental health, and the fact that he’s a crazy artist. And that Elon just was expressing his appreciation from his heart. The other part is like what the fuck is happening right now and why is it basically okay. Anyway this comment doesn’t really have anything to do with WSB so I’ll tie it back. Sold TSLY shares after his “salute” Sold some TSLA puts. Thinking of selling more puts on the way down.
People give yeildmax funds so much sht. But man, I've done well with them. I've held TSLY pretty much from day one, and I'm super the green on that one. Good call on this play man, glad to see other folks seeing the value of these etfs.
Imagine telling this guy to invest in TSLY instead of Tesla just for the dividends 😂
Damn… can’t catch a break… 🤦♂️. Hodl, Tesla moves wild when it does spike. Or maybe buy TSLY if you want exposure to Tesla volatility & you’ll get paid distributions / dividends.
TSLY monthly income dividend
LETS RIIIIDE. I've looked at their numbers. They stopped selling as many cars and this quarter will bleed red. Unfortunately I don't have enough to play the main stock but there are TSLY and inverse 2x stocks Expecting -12 percent
You could probably take $35k and put into a yield max monthly dividend stock to get guaranteed money without as much risk. Think NVDY and TSLY. Still a risk but monthly income is pretty much guaranteed and you don’t work as hard.
Just full ported YieldMax ETFs like CONY and TSLY I'll be back one day regards, when I have powder 
I did some research after posting my comment - I think the biggest issue with those funds is NAV erosion, which has been pretty significant if you look at funds like TSLY. But I’m glad to hear you are in the green with most of them despite this. Can I ask what high quality dividend tickers you’re investing in?
Index fund a good general performers best suited for retirement accounts. They are not so good for taxable accounts. The index fund has a mix of growth and stable companies. As a result its dividend is greatly reduced and any growth it has is less than you would get with growth specific fund. For a taxable account you want to focus on dividend income. Enough to cover your living expenses. That way if you loose your job you will have long term passive income to caryry you through until you get a new job. have 6 months of case on hand for short term emergencies. These two portions the taxable account will help stabilize your life. These will generate taxes which you need to manage not avoid. people go crazy finding ways to avoid dividend taxes. This can lead to investment strategies that are more safe then useful. you also need a long term savings preferably with minimal tax. if you invest in growth stock that don't pay a dividen you won' pay tax on the savings. And since they are growth stock you savings will grow over time. For example if you invested in TESLA 6 years ago your initial investment wouldn't abbe been very large but today it would be worth 22 times your initial investment. Any would have paid zero tax during those 6 years. You can also use index funds. the low dividend would minimize taxes. But you get less growth. over teh last 6 year the S&P500 index has only doubled. A lot less growth than TSLY. a much getter choice is SCHG or QQQ. SCHG is 3 times larger thanks was 6 years ago QQQ is 6 times larger. And SCHD and QQQ have a dividend of about 0.5% while the S&P500 is 1.3%. If you use your taxable account this way you will have long term passive income, and emergency fund, and enough long term savings you can liquidate if needed to an expense that your dividend or emergency fund can handle. you won't get that with just he S&P500. Good dividend funds for you could use passive income are SCHD, SCHY, PBDC, SPYI, FUTY, FAGIX
TSLY .60 Dividend per share per month $15 a share
Literally just Chargepoint (fail), CONY, TSLY, and CONY lmao. I was in SOUN before which I regret selling too soon but may buy back into in the new year. And Was holding AUR, also sold too soon.
Sounds like you need instantaneous gratification. Just buy those yieldmax things that pay out every month like NVDY or TSLY.
Thanks man! Yeah I sold microstrategy, I let like 3 shares ride. And than I threw it all into safe dividend stocks like SCHD, TSLY, etc and just gonna slowly make back the 2K loss hopefully until I’m finally green. I’ve learned not to touch options and I only buy shares now.
sounds like a challenge \*proceeds to buy TSLY\*
TSLY has some BTC exposure too. A good cheap stock for options is WULF. They are also starting to get into AI data centers too. And have a good land lease
I don't have a position in TSLY yet, hence why I need advice
I was about to sell some csps to start a position. I almost got assigned at 12 awhile back but have been regretting buying to close. Then i thought back to when plug earnings csp below the 52w low caused me 3k in losses. I decided to sit out earnings. Wouldn't be surprised if TSLY earnings was theater to try to get some extra bulls trapped buying worthless options
1. If you are willing to back test, look for stocks with similar characteristics on industry and fundamentals. That can give you an idea. 2. There are already ETFs that do covered calls or CSP puts on the stocks with the most volume (e.g. TSLY). You could buy those things instead.
I did the first.. But then went into 2500 shares of TSLY. So it wasn't a double whammy for me today, but the $7,500 I donated to SPY today, well that sucked.
Everyone was screaming Tesla Puts, and Everyone else was screaming Inverse the Tesla Puts with Calls, so I bought TSLY.
Yeah, that’s covered call ETFs in general. Returns are steadier than holding the underlying but in a strong market that means lower returns. * [NVDY vs. NVDA](https://portfolioslab.com/tools/stock-comparison/NVDY/NVDA) * [TSLY vs. TSLA](https://portfolioslab.com/tools/stock-comparison/TSLY/TSLA) * [OARK vs. ARKK](https://portfolioslab.com/tools/stock-comparison/OARK/ARKK) In each case the fund has a smaller standard deviation than the underlying because the option income cushions the declines and limits the rallies. These funds do have their purpose, namely they’re an investment strategy for someone who expects a [flat to modestly bullish market](https://www.nasdaq.com/articles/are-covered-call-etfs-good-investment) in the near future. But ordinary folks see that yield and think it’s easy money.
You make an excellent point! The number of outstanding shares can significantly impact how large purchases affect an ETF's market. Smaller ETFs like TSLY can experience greater price fluctuations from significant trades, while larger ones like QQQ are more stable.
It all depends on the amount of outstanding shares an ETF holds. Take yeildmax’s TSLY for example. If someone wanted to buy 1billion worth of TSLY they would buy every outstanding share of TSLY which has 53,250,000 outstanding shares at current price of 14.33 that would come out to just a bit shy over $763mil. That would greatly affect the market. Now if that person decided to by QQQ that is just shy of 21 million shares of 607million outstanding shares. So barely a dent. The smaller the amount of outstanding shares the larger the effect would be.
That's the point of the stock. Read their prospectus. All of this information is available online, easily to find out. It's called "YIELDMAX"... There is NVDY, TSLY..... there's one for each mag 7.
I often do the wheel strategy on TSLY. Sometimes I sell the call. But almost always getting in by having the put side assigned. I just use this as a cleaver way to manage the position and help offset nav erosion.
On the YM and Defiance, there isn't a big options market, at least each time I look. Just checked the chain for TSLY, no bids at all.
Does anyone here buy TSLY? I've been reading up on it - it's obviously a risky play, but a yield of 80%? How the hell is this not a no brainer (understanding there is some gambling involve)
Dang it u son of a gun 😁 I have a better opinion for you, ETFs NVDY and TSLY paying super high dividends monthly and with that amount of money you don’t need any school anymore, good luck trading
Just my opinion, but don't get sucked into these covered call or high income ETFs. The performance of JEPI is not similar to SPY, even if you reinvest the dividend. You can clearly see it by comparing the returns on any etf comparison site. When they pay out the dividend the stock price drops the same amount of the payout, so the price per share continuously erodes. It is a wash if you a reinvesting the dividend, but then, what's the point? Might as well keep it in the higher performing SPY. Also, those dividends are taxable as income. So even if you are reinvesting you need to account for that income and pay taxes on it, which makes the returns vs holding SPY even worst. You see how the price of JEPI is basically flat? Even if you sell JEPI after a year, the benefits of long term taxes are negated because of the dividend it's paying out. You can see it even better in things like TSLY. Honestly, these investments are traps for stupid people so the people running them can collect the high expense ratios.
you are being warned against TSLY and similar stocks. He’s using it as an example of why you shouldn’t invest in them.
TSLY is an example on why those might not be the best income strategy even though you get those higher monthly dividends
Thank you. I have already added TSLY to my list. I was left 100k but hubby left a lot of loose ends taking me down to 40k. I appreciate the tip and once I build my portfolio I with migrate to Fidelity probably and do bigger better investments. Thanks again.
I’m sorry about your husband. Look into different income stocks. 100k into TSLY from inception date wouldn’t look pretty right now even with the .30 to dollar a month the pay per share
Those ETFs are built to produce income monthly but long term growth is up in the air. For example TSLY is down over 60% since it started. The same place that runs TSLY, runs the ones you recommended. You are talking about completely different investment strategies compared to play I mentioned
Check out TSLY and the reverse spilt. You don’t know much of anything
Probably not a good idea to take investment advice from some random dude you went on a date with talking about how they/you could make millions that did not already make a million or two with market beating investments. He was likely just trying to impress you, and your instinct to ask about TSLY and AALY was correct, fellow has no idea what he is talking about parent companies lol.
Every time I tried to google TSLY the only option that came up was Tesla and things about Musk. I only just found APLY and TSLY on Public, and that was probably cause of the yield max prompt.
AALY doesn't exist, TSLY is a yieldmax ETF. Wouldn't recommend investing in any yieldmax ETFs and I definitely wouldn't recommend another date
That’s what I’m thinking too, but I am a novice in investing (I am very good at saving money, lol). I don’t know if this help in the search, but he kept pronouncing AALY as appl-y and TSLY as Tesly.
He’s an idiot. Apple and Tesla obviously don’t have parent companies. Those funds are YieldMax ETFs which try to do options like covered calls against the stocks. They have both performed horribly since their inception. TSLY is up 40% YTD so I assume your friend sees that and thinks he’s some kind of genius. https://www.yieldmaxetfs.com/our-etfs/tsly/ https://www.yieldmaxetfs.com/our-etfs/aply/
Ravings of a mad man. AALY, I can't find anything on this. TSLY is yieldmax, I think it's a meme dividend EFT or something.
>As I say that some funds have different approaches. SPYT for example try to utilize and approach that will allow for more upside potential. SVOL hedges to reduce downside risk. The list can go on. Didnt know that. Thank you for the info. Im looking for more protection to downside at SPX 5600 which is already greater than 10% of annual appreciation in average in last 100+years at this point (we started SPX around 4750-4800 in 2024) Similarly i use collar strategy for specific big ticker name (i.e BTO 100 shares/Sell 10% OTM covered calls/Buy 5% OTM Long put) >Due to the nature of covered call ETFs (or manually selling covered calls) you will underperform a bullish underlying stock. Typically that's fine given valuation of big tech at this point which has been questioned a lot. I just want protection in case market goes bear again >My expectation from YieldMax is not appreciation, but income. I think this is dilemma to me or many others because unless small portion of portfolio is 500K and 50% of dividend from NVDY (then imagine 1% of expense ratios equaling to 5K!), it's not enough income for most individual investors but i see your points that it's more onto income than appreciation. I certainly dont have that much in my portfolio diversification Also another note for your point is that if one had bought AAPL back in 2009 with 3-4$ ranges and have 5000 shares, not only the networth from appreciation is 50-80X, but also it's probably enough stacks to sell OTM covered calls to pay rent/mortgage Im taking it that yieldmax etf wont do this kind of jobs but if one has enough seed money then it could be a good investment to pay monthly bills With that in mind, i have been DCAing in TSLA and buying TSLY here and there whenever i saved some money Thank you again. Definitely helpful
Risk is that you underperform what you’d have gotten just holding the underlying, which these option strategy ETFs [typically do](https://www.thestreet.com/etffocus/high-yield-ideas/high-yield-covered-call-etfs-using-rent-dont-buy-strategy) while the market’s trending up. * [NVDY vs. NVDA](https://portfolioslab.com/tools/stock-comparison/NVDY/NVDA#) * [MSFO vs. MSFT](https://portfolioslab.com/tools/stock-comparison/MSFO/MSFT) * [TSLY vs. TSLA](https://portfolioslab.com/tools/stock-comparison/TSLY/TSLA)
what do you think of TSLY?
Dude. I have seen 20 somethings investing in TSLY, JEP?, and Funco recently and sometimes people are going to defend it to the end even though they came to ask for perspective. One seemingly older guy a few months back was *insistent* that dumping hundreds of thousands into T was the best investing choice on the planet. Hell, Just recently a dude in their early 20s pulled the "past performance not dictating future" in a VOO vs. SCHD thread that they created. I had the audacity of mentioning that VOO would almost certainly be a better choice on a 20 or so year horizon, and that the topic was beaten to death already. Lol. If they are at least understanding the power of the S&P or whole market, then they have an edge vs. a lot of people who are trying (and failing) to beat the system.
Yeildmax ETF. $50k invested is $40K a year in dividends. TSLY.
Buy some Yeildmax ETFs, TSLY for example.
I bought TSLY too early and AMZY too late, so I just stuck it all in GPIX and let it simmer.
I’m in CONY and JPMO. I choose not to hold the ones where I already own the underlying stock (TSLA NVDA META). I suggest you research the stocks and invest in the ones you that have the best long term outlook. If you think Tesla will go down don’t expect to make money on the TSLY etf for example, the income you generate won’t offset the losses in principal. There’s also an etf that is a basket of several of the stocks which some people like, gives broad exposure. The fee is slightly higher. I don’t do that one again bc I feel I’m already diversified across those stocks.
Dividends are fucking useless if the NAV on the underlying drops. Talk to TSLY owners if you want to see why short term capital gains are the play comparatively. Worst case is you're so far ahead they become long-term capital gains (held over a year, lower tax rate). These new-fangled dividend ETFs are management fee farms. Some will do well, some will be recalled as snake oil 10 years from now.
MORT and KLIP also add in some TSLY and TQQQ /s lol can anyone say NAV depletion Honestly though maybe SPLG 70%, SLYV 20%, and IDEV 10%?
No, they will be gone tonight perhaps. Source: tried that on TSLY
You're right, since they're puts, they're ITM. With TSLY at 6.67, they should have 9 - 6.67 = 2.33 worth of intrinsic value. So if you can sell for more than 2.33, it's better to sell than exercise.
Here is the OCC's memo on the adjustment: [https://infomemo.theocc.com/infomemos?number=54136](https://infomemo.theocc.com/infomemos?number=54136) The strike is still 9. The multiplier is still 100. Thus, it still would cost $900 to exercise. But what you would get if you exercised it is 50 shares of TSLY, not 100. Thus, it is OTM. You can see this by the formula in the memo. TSLY closed at 13.34, thus TSLY1 = 6.67. Therefore, a 9 strike call is OTM. You wouldn't want to exercise it. Exercising an OTM option causes you to lose money. As of market close, there was no bid, meaning you couldn't sell. This is common with adjusted options. Liquidity dries up. It's usually best just to close your position before the adjustment. The last was 0.05, so you could put in a limit order for that or less, and maybe get a couple of bucks, but there's no guarantee.
I have 2 contracts of TSLY1 May 17 $9 puts. I think my brokerage listed it wrong because I bought this before the reverse split in Feb, and before the RS it was a $9 put. I've been trying to sell the put but it's so illiquid. I am considering exercising but can't wrap my head around what happens and whether the strike price is correct. I have contacted my brokerage but they seem to be delayed in their responses (my ticket has been pending for about 2 weeks now without a firm solution). Shouldn't this be a $18 put? Or, in other words, what are my "options" for divesting of this?
Happens every time. Had some TSLY shares until I realized it is just going to go down. Of course the dividend the Tesla going in the tank.
Man TSLY is gonna go bonkers tomorrow
TSLY about to shoot up cuz of TESLA 😊
Your math is correct. I am assuming that you are doing this on margin due to your budget otherwise you will be buying HSY for 195. So the downside is a possible margin call if the price of the stock drops. Many covered call ETFs use synthetic longs to generate income by selling covered calls. Take a look at the ETFs from Yieldmax like TSLY for some ideas. These ETFs pay huge dividends. You can sell covered call with your synthetic long.
Should I sell all my TSLY shares?
Ok guys here's some good info to help you. Yield Max etf's can be super generetors of cash flow. But in any investment the direcion of the underlying asset is SUPER important. If i put 20K in a fund and its starts producing a good yield I start off very happy. Then in time the income dwindles and my NAV price is cut in half. So what did I do wrong. TIMING, TSLA in the past was in an up cycle (meaning it's shr price was growing) and having large upside producing a high IV (implied volatilitu). SO options with a high IV produce high premiums so its easier to generate income and thus attractive to the ETF's. BUT remeber TSLY is only built for TSLA when its in an up cycle. OTHERWISE as you have seen your income drops and your NAV suffers. TSLA will eventually recover and perhaps do much better. BUT in the meantime (could be 6 to 12 months or longer). If oyu haven;t noticed Electric cars have failed miserablt and most rental fleets nad dealers car manufacotrs or mmmmmoving to Hybrids or not producing very many electric vehicles since they are losing big time. SO for NOW get out of TSLY. I produce content on CONY and MSTY daily and I;m killing it here. Volatile yes but the direction and timing is in our favor. Yield max funds are geared for just now to use a long stock synthetic and also sell weekly calls to generate distribution income. BOTH are bullish bets. Thet going forward will start offering berish stokc funds in undelrying stocks that have a bearisg bent. Tune into my youtube channel if you want this info detailed in a greater way. Targeted Wealth Creation. Waiting for Telsa to bottom and turn up is wasting time and your capital at this point. Don't try to pick the bottom it will show itself eventually and you can get bullish again.
I own TSLY share they pay me to hold.
TSLY, I’ll sit with the 80% yield
Is TSLY a terrible investment to own?
I am buying TSLY now: 170 shares at $15.69. ​ https://preview.redd.it/7l1u3tzazpoc1.png?width=828&format=png&auto=webp&s=fa2f6da85b17401b2e3ce5917edb9a45dea44b85
My reorg fee from the R/S that happened recently with TSLY got refunded to me by ETrade. But when LAC split into LAAC and LAC last year I ended up having to pay that reorg fee, on like $300 worth of shares.