YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Jumps 4.5% – Time to Buy?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY – Get Free Report)’s stock price shot up 4.5% during mid-day trading on Friday. The company traded as high as $22.44 and last traded at $22.25. 611,690 shares were traded during trading, a decline of 8% from the average daily volume of 662,598 shares. The stock had previously closed at $21.30.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm has a 50 day moving average of $22.00 and a 200-day moving average of $26.44.

About YieldMax TSLA Option Income Strategy ETF

(Get Free Report)

The YieldMax TSLA Option Income Strategy ETF (TSLY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Tesla stock (TSLA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.

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