Should You Buy TSLY With It’s 62% Distribution Yield?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) has a distribution rate of 62.14% as of November 17, 2023. That makes it a possible investment for those seeking to maximize their current income, above all else. TSLY achieves that distribution rate via a covered call-writing

Ticker

Type

Qty/Par Value

Exec Price

Imp Vol

Delta

Price (11-6)

change

TSLA 240119C00190

B

710

37.3

50.44%

0.7837

38.45

-0.3

TSLA 240119P00190

SS

710

6.51

50.36%

-0.2193

6.81

-0.21

TSLA 231110C00225

SS

710

2.06

49.13%

0.3024

2.34

-0.91

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