May TSLA, CRSH and burn in Gehinnom - My Short Against TSLAToday, I will be fully committing to a long-term mutli-asset short against TSLA, albeit using a non-conventional approach.
Rather than simply short selling TSLA shares and going into debt, I plan to hold, maintain and build positions in CRSH, TSLQ, TSLL, and TSLY using a combination of share and o
Key stats
About Tidal Trust II YieldMax Short TSLA Option Income Strategy ETF
Home page
Inception date
May 1, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
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
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Neutral
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Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.