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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 and inverse exposure to Tesla stock (TSLA). It employs a synthetic covered put strategy, leveraging options to achieve its objectives. The strategy places a cap on potential gains when the shares decrease in value. This approach involves selling TSLA call options and concurrently purchasing TSLA put options, typically with three- to six-month terms and at-the-money strike prices. Additionally, CRSH writes put options on TSLA to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current TSLA share price. The fund holds short-term US Treasury securities as collateral. Moreover, it purchases out-of-the-money call options to manage potential losses from its short exposure to TSLA, especially in scenarios of significant stock appreciation. Note: 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
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.