Calgary, August 12, 2025 – YieldMax’s TSLA Option Income Strategy ETF (TSLY) saw notable trading activity on August 11, 2025, with one put option and seven call option positions that were closed. YieldMax then proceeded to sell two new call spreads set to expire at the end of this week on August 15, 2025.
Table of Contents
TSLY Option Trades – August 11, 2025
Bought-to-close (“BC”) Options
| Ticker/Options Chain | Expiry Date | Strike Price | Quantity | Execute Price | Premium Earnings/(Cost) |
|---|---|---|---|---|---|
| TSLA | 25/08/15 | 330.00 | 6000 | 16.08 | (9648000) |
| TSLA | 25/08/15 | 330.00 | 2000 | 15.53 | (3106000) |
| TSLA | 25/08/15 | 342.50 | 1000 | 7.75 | (775000) |
| 2TSLA | 25/09/19 | 29.50 | 1000 | 4.42 | (442000) |
Note: 2TSLA is a Cboe Mini-Tesla Index put option that trades at 1/10th of TSLA’s value.
Sold-to-close (“S”) Options
| Ticker/Options Chain | Expiry Date | Strike Price | Quantity | Execute Price | Premium Earnings/(Cost) |
|---|---|---|---|---|---|
| TSLA | 25/08/15 | 350.00 | 6000 | 5.15 | 3090000 |
| TSLA | 25/08/15 | 350.00 | 2000 | 4.5 | 900000 |
| TSLA | 25/08/15 | 367.50 | 1000 | 1.2 | 120000 |
| TSLA | 25/09/19 | 295.00 | 1000 | 54 | 5400000 |
New Short Positions (“SS”)
| Ticker/Options Chain | Expiry Date | Strike Price | Quantity | Execute Price | Premium Earnings/(Cost) |
|---|---|---|---|---|---|
| TSLA | 25/08/15 | 355.00 | 6000 | 3.67 | 2202000 |
| TSLA | 25/08/15 | 352.50 | 2000 | 3.74 | 748000 |
New Long Positions (“B”)
| Ticker/Options Chain | Expiry Date | Strike Price | Quantity | Execute Price | Premium Earnings/(Cost) |
|---|---|---|---|---|---|
| TSLA | 25/08/15 | 375.00 | 6000 | 0.89 | (534000) |
| TSLA | 25/08/15 | 370.00 | 2000 | 0.96 | (192000) |
TSLY Options Trade Analysis
On August 11, 2025, Tesla stock (TSLA) opened at a price of $335.00, about 1.62% higher than its previous close of $329.65 on August 8, 2025. In response, YieldMax closed multiple positions that were close to being assigned and spent about $13.97M closing out positions that were near TSLA’s trading price. These are the option trades noted under bought-to-close (“BC”).
To help offset costs, YieldMax was also able to sell some of the call options it previously owned. These are the options noted under sell-to-close (“S”).
Finally, YieldMax opened multiple new call spread positions, all set to expire by the end of this week, to generate more option premium and readjust option positions to TSLA’s new stock prices.
The first call spread includes a short call position with a strike price of 355 and a long call position at 375. Compared to TSLA’s price range of 335 to 340 on August 11, the short position is approximately 4-6% out-of-the-money (“OTM”) while the long position is approximately 10-12% OTM.
YieldMax sold a total of 6000 contracts for this particular call spread and generated a net premium of about $1.67M.
The second call spread is slightly closer to the money with an initial short position at 352.5 and a long position at 370, or approximately 3-5% and 8-10% OTM, respectively.
YieldMax only sold 2000 contracts in this call spread trade and generated a net premium of $556K.
Overall, however, YieldMax incurred major trading costs on August 11, 2025, with a net loss of over $2.2M. Much of this stemmed from closing short call positions that had fallen in-the-money (“ITM”).
Related Analysis On TSLY ETF
- “TSLY VS. CRSH: Both Long And Short Tesla Income ETFs Disappoint” – Jack Bowman | July 15, 2025
- “TSLY ETF: Hold As Tesla Stock Consolidates (Technical Analysis)” – Sensor Unlimited | July 15, 2025
- “TSLY: Back To Normal, Back To A Sell (Downgrade)” – Jack Bowman | June 20, 2025
TSLY Performance Snapshot
- Last Close Price: $7.90
- Annualized Yield (TTM): 118.34%
- Last Dividend: $0.3005 on August 8, 2025
- Assets Under Management: $1.18 billion
*At the time of writing: August 12, 2025. Source: Seeking Alpha
TSLY Options Data Source
Options activity data sourced from the YieldMax ETFs intraday CSV file as of August 11, 2025, 9 PM EST. We download data directly from the YieldMax TSLY website page.
Financial and Affiliate Disclosures
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Options and securities trading carry a high risk of loss and are not suitable for all investors.
At the time of publication, the author does not hold positions in any of the securities mentioned.
Market data and yields are subject to change without notice. Some links on this site may be affiliate links, meaning we may earn a commission if you purchase through them, at no extra cost to you.
Author: Kevin Shan
Publisher: Guru Audit
Location: Calgary, Alberta, Canada