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About Tidal Trust II YieldMax Short TSLA Option Income Strategy ETF
Expense ratio
0.99%
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Inception date
May 1, 2024
CRSH pursues monthly income by providing inverse exposure to Tesla stock (TSLA), while capping potential gains. It employs a synthetic covered put strategy, leveraging options to achieve its objectives. This approach involves selling TSLA call options and concurrently purchasing TSLA put options, typically with terms ranging from three to six months and strike prices closely aligned with the current TSLA share price. Additionally, CRSH writes put option contracts on TSLA to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current TSLA share price. To support its synthetic covered put strategy, CRSH holds short-term U.S. Treasury securities as collateral. Moreover, CRSH purchases out-of-the-money (OTM) call options to manage potential losses from its short exposure to TSLA, especially in scenarios of significant stock appreciation. Its important to note that CRSH does not directly invest in Tesla stocks, and investors are not entitled to any TSLA dividends.
Classification
What's in the fund
Exposure type
Government
Mutual fund
Cash
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