TSLP vs TSYY

TSLPBKurv Yield Premium Strategy Tesla ETF

TSYYCGraniteShares YieldBOOST TSLA ETF

In short

TSLP Tesla income with a longer fuse. TSLP builds its TSLA exposure with options dated roughly one month to a year out instead of resetting weekly, pays monthly, and charges 1.00% net of a waiver through September 30, 2027.

TSYY Most Tesla income funds write calls on Tesla itself. TSYY sells puts on a 2x leveraged TSLA ETF, where implied volatility runs richer, aiming for twice the income of plain TSLA option selling.

Stated mandate

TSLP The fund seeks current income while retaining exposure to Tesla's share price, with potential investment gains limited.

TSYY The fund seeks current income by selling options on leveraged ETFs designed to deliver twice the daily performance of Tesla Inc., while also seeking capped exposure to those ETFs.

Why people hold it

• TSLP Sells calls against TSLA exposure using contracts dated about one month to a year out rather than weekly resets, a slower roll cycle than most of the single-stock premium crowd.sec.govsec.gov 2
• Cheapest fee in the TSLA income crowd: 1.00% net of a waiver through September 30, 2027 (1.16% gross), against 1.05% for CRSH and 1.07% for TSLY and TLA, and below the category median.
• The manager isn't stuck with plain covered calls: call spreads and risk reversals are in the documented toolkit to seek more participation in TSLA's rise while still taking in net premium.sec.gov
• Income lands monthly, and the portfolio reads like the strategy on the tin: TSLA options backed by short-term fixed income collateral. One of the stronger builds among Tesla option-income funds.sec.gov

• TSYY Sells puts on a 2x leveraged TSLA ETF instead of calls on Tesla stock. The leveraged wrapper's options carry fatter premiums; the fund targets 2x the income of TSLA option selling.graniteshares.comgraniteshares.com 2
• Defensive mode is written into the strategy: it can buy a lower-strike put against the one it sells, giving up premium to limit how far a sold put's loss runs.graniteshares.com
• The rules are spelled out: sold puts range from 40% out-of-the-money to 10% in-the-money, with one-week to one-month maturities. Cash goes out monthly.graniteshares.com

Worth knowing

• TSLP Upside is limited by design: the calls written against the position cap how much of a TSLA rally the fund keeps, while the downside ride stays.sec.gov
• Exposure is often synthetic (bought calls plus sold puts) rather than owned shares, and the fund may write uncovered calls when the adviser sees volatility mispriced.sec.govsec.gov 2
• One of the smaller, thinner-traded names in its group, so limit orders matter. Single-stock concentration means TSLA's swings drive everything.

• TSYY Costs 1.15% net of a waiver through December 31, 2026 (3.11% gross), above the category median. TSLP runs 1.00% net of a waiver through September 30, 2027; CRSH 1.05%.
• Selling puts means taking the leveraged ETF's drop below the strike while gains stop at the premium collected. Volatility on that wrapper runs multiples of Tesla's own.graniteshares.com
• Payouts can include return of capital, per the prospectus. With a 2024 launch and lower-half standing in its Tesla-income peer group, it is among the less seasoned choices here.graniteshares.com

Full TSLP profile⁠

Full TSYY profile⁠