YieldMax ETFs

[blueraincap]

I find the following ETFs quite interesting.

Anyone traded them? From what I can see, YieldMax is using some sort of covered calls, what's so special about it?

• TSLY
• CCRV

 

[qwerty11]

https://www.elevateshares.com/wp-content/uploads/2023/06/pro-ymop-497_112322-1.pdf

 

[nitrene]

CCRV seems like just a managed commodity fund.

TSLY is an amazing dividend machine. YTD it has $7.36 in dividends and its current price is $14.31 -- that's a 9 month yield of 51%. It must be from collecting premiums from the 0DTE junkies.

 

[blueraincap]

CCRV seems like just a managed commodity fund.

TSLY is an amazing dividend machine. YTD it has $7.36 in dividends and its current price is $14.31 -- that's a 9 month yield of 51%. It must be from collecting premiums from the 0DTE junkies.

So it is just continuously writing covered calls, so is long delta that generated the “dividends”.

 

[bounty_one]

Instead of creating a synthetic long first and then writing calls against it, why don't they simply write naked puts?