TSLY YieldMax ETF Is TOO Risky... (Unless You Do THIS!)

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TSLY YieldMax ETF Is TOO Risky... (Unless You Do THIS!)
*I am not a financial advisor, I make these videos for fun! This communication/content is for informational purposes only and is not intended as personalized investment advice, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. This communication should not be relied upon for purposes of transacting in securities or other investment vehicles.
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[@joekarnsenko]

Cool idea. I actually went further and did a synthetic short with TSLY options, trying to get close to delta neutral on the underlying price movement; reap the dividends. Only downside is the cost of the synth short options... And potential to having your shares called already if the price of TSLY goes up above your sold call option. Pretty solid though.

[@shill1103]

This strategy will never work. There is zero volume for these options that far out and that far from the money. So if you can sell them which I doubt for a decent price, they will just get called away since there is zero premium and the buyer will want the dividend. Zero chance success with your method!

[@scottberger6728]

hmmm I think it was mentioned that they could get called away and the point was no loss. premium already collected so only risk is the following: loss only happens below strike price. I guess u could say chance for dividend may go away but there's always a capture in a day or next months opportunity.

[@shill1103]

@@scottberger6728 pointless strategy you might as well just put ur money in bank and make 5%. This option strategy gives no growth or dividend since 99% chance it gets called away

[@chorianopoulos2002]

I did same thing with QQQY. I had 700 shares and they called away 600 of them, last week 11/26. Ex-Date is coming up on 11/8. Unfortunately this strategy therefore has a high likelihood of not working most of the time.

[@fafillionaire]

I've been doing this for the past 3 months(2 divi's so far). I just came across this video I knew I couldn't have been the only one doing this. Anyway I bought 200 each of KLIP OARK AMDY and NVDY, sold CC's all 50% ITM ... so far only my OARK's have been exercised, and I didn't get any divi. I thought for sure they'd all get exercised but for 3 months i'm earning north of 30% yield on no risk.

[@rockymanakee]

Just dollar cost average

[@TerryCollinsP31Lifestyle]

Thanks for this video

[@TerryCollinsP31Lifestyle]

Appreciate this video

[@seanwilliams9060]

I did precisely that exact strategy on 1 contract and made some good premium 👌

[@TerryCollinsP31Lifestyle]

Just subscribed to your channel

[@mikep4869]

Option trading interest only appears to be ATM. Good liquidity but low returns for risk. Perhaps you could grind an additional 10% p.a. out of the practice. What kind of returns have folks experienced?

[@JGGarcia-kh8uq]

I like the strategy , but the only risk if the stock have a huge sink , you can just sell it quick, you have to buy the option back and is not going to be cheap.

[@travisgarrett9398]

How will the recent reverse split affect your call?

[@CalebSeah]

WOuldn't your shares be called away before/during Ex-Div Date ?

[@josephsaeteurn9158]

highly likely.. i had 800 shares when i sold CC at $12 and the price ws $12.20 it got call away and i was pissed.. still had 1 more week to expired..

[@TideShot]

How has this been working out?

[@exqueue3813]

TSLY is less than a year old and it's price has been mofe or less even since January. I think assuming a declining share price will force you to sell at a steep discount come expiration. Will you have made money? Yes. But an ITM call feels overly pessimistic.

[@kaptaa2671]

Concern abouts ... buy low boths of Tsll for bull Tsls for bear market... whatever side take profits and contribute to Tsly or Oark =Incomes😅

[@Whiskydanger]

Or you could just collect the monthly dividend which lowers your cost basis without the risk of losing your shares

[@lewjg2933]

Collecting dividends doesn’t lower your cost basis lol

[@Mars21681]

I think he means DRIP... Which would

[@RecoMyst]

The spread is massive.

[@daveng815]

Wake up people, div more than 50% while NAV go down more than 50% since the beginning, they took your money to pay for div and paying for their service , what the hack !

[@mikewu9483]

worst if you reinvest div. You are paying tax on div. that's already taxed. what a fool

[@SPYSpreads]

And what if Tsla goes above 300$ a share and TSLY goes to 18$ a share they will exercise your option 😅😜 I honestly think there are lots of negativity/hate toward those high yields. Tsla and whole market is down but once we in bull run then expect TSLY to go back to 18s 🚀

[@TheNotGuruInvestor]

I was thinking this exact scenario

[@josephsaeteurn9158]

TSLY will never reach that high again..

[@DailyDividends]

I cant invest in TSLY on my platform yet the market lords have forsaken me

[@JiveCinema]

Open a separate fidelity account. That's what I did.

[@juliovilla5246]

Please block me, i don’t want to see you in my feed again, only repetitive content over and over again.