TSLY vs TSYY

TSLYBYieldMax TSLA Option Income Strategy ETF

TSYYCGraniteShares YieldBOOST TSLA ETF

In short

TSLY One stock, one job: convert Tesla's famous volatility into monthly income. TSLY sells call spreads on TSLA rather than plain covered calls, harvesting premium while keeping a slice of the upside in play.

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

TSLY TSLY seeks to generate weekly income by selling call spreads on Tesla Inc. The strategy aims to harvest option premiums from Tesla's volatility while retaining some participation in its share-price appreciation.

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

• TSLY Sells call spreads on Tesla instead of writing plain covered calls, so some share-price appreciation stays on the table while premium is collected.yieldmaxetfs.com
• Running since 2022, actively traded, and paying on a monthly cadence. The plumbing is well worn by the standards of single-stock income funds.
• Rates as one of the stronger builds on the Tesla-income shelf, where execution quality varies widely between competing wrappers.

• 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

• TSLY You do not own Tesla stock here. Exposure is assembled synthetically with options, and the short calls cap how much of a big TSLA run you keep.
• Income comes from Tesla option premiums, so the size of the payout moves with volatility rather than following a fixed dollar schedule.
• The 1.07% fee is the middle of this cohort, not the floor: TSII runs 0.99%, while TSYY charges 3.11% for its own Tesla income spin.

• 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 TSLY profile⁠

Full TSYY profile⁠