TSYY: Aggressive Strategy Should Continue To Erode Capital (Rating Downgrade)

2026-03-18 10:32:34 ET

Overview

I've covered a plethora of option ETFs with varying strategies over the last month. A common issue in the sector is the promise of a massive distribution rate that is simply unsustainable. These option ETFs write synthetic calls and harness the volatility of a single stock to generate large option premiums. The GraniteShares YieldBOOST TSLA ETF ( TSYY ) is probably one the most extreme examples of this strategy. When I previously covered TSYY, I issued a hold rating because the fund had the potential to be utilized by income investors but there were severe risks. However, I believe I was too optimistic with my prior rating. Since that last coverage, the share price has eroded by more than 53% and the total return undercuts the S&P 500 Index ( SPX ) over the same time frame....

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