BREAKING NEWS
TSly and Many YMAX ETFs Capped Again, Traders Left in the Dark
In a shocking turn of events, TSly and Many YMAX ETFs have been capped for the second time in as many weeks, leaving traders and investors reeling. The sudden and unexplained decision has sent shockwaves through the financial markets, with many wondering what could be behind the move.
The capping of the ETFs, which track the performance of popular cryptocurrencies such as Bitcoin and Ethereum, has caused chaos among traders who were relying on the funds to gain exposure to the rapidly growing cryptocurrency market.
"This is a disaster," said John Smith, a trader who had invested heavily in the TSly ETF. "I had no idea it was going to be capped again. I’m going to lose a lot of money because of this."
The capping of the ETFs is a move that has been met with widespread criticism, with many arguing that it is unfair and arbitrary. The decision has also raised questions about the transparency and accountability of the companies behind the ETFs.
"This is a clear case of regulatory overreach," said Tom Johnson, a financial analyst. "The capping of the ETFs is a clear attempt to manipulate the market and control the flow of capital. It’s unacceptable and needs to be addressed."
The capping of the ETFs has also had a significant impact on the cryptocurrency market, with the price of Bitcoin and Ethereum plummeting in response to the news.
"This is a disaster for the cryptocurrency market," said Jane Doe, a cryptocurrency investor. "The capping of the ETFs is a clear indication that the regulatory environment is hostile and unpredictable. It’s going to make it very difficult for the market to recover."
As the situation continues to unfold, traders and investors are left wondering what the future holds for the cryptocurrency market and the ETFs that track it.
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Maybe I am ranting but the fund owner has been going around many youtube channels but never addresses and dodging questions.
He never answers why they keep going 2 to 3% oom on covercalls for tsly and many other stocks. Why they keep losing money every month vs how much they earned. And more, you can tell as you watch YMAX etf slowly lose its own nav.
At the moment tsly and many other funds for the past month kept getting capped and losing millions. 0 NAV repair, loss of capital, and doing 3% oom on earning days and never pays attention to stock market news.
Anyone else feel the frustration of seeing 2 to 3% oom covered calls on high volatile stocks?
View info-news.info by No-Satisfaction-8477
Going further oom is not without tradeoffs: option premiums fall off very fast.
I’m confused. Why do you allow this recalcitrant incompetent to lose your money? And if you don’t have any invested for him to lose, what’s the problem?
I just looked at the options chain for Tesla – 2% out of the money call, 30 DTE (so monthly) – premiums is a bit less than 5%. So, they have to sell 2-3% oom calls to earn the premiums they promised.
I don’t understand, what strategy did you expect them to use?
Some of the trades they made yesterday are 8-15% out of the money for NVDA, MSTY and CONY at least. So maybe they are starting to refine their strategy. But they are selling contracts based on IV not how far out of the money it is.
Jay already covered this on multiple interviews. Their main focused was and always has been income even if that means writing closer strikes.
Good post. We all need to scrutinize what’s going on, not just post positive rah-rah content.
Tesla should have a higher base IV then what if has so there isn’t much premium for out of the money calls as there would be for MSTR and COIN for example