One thing is clear: Tesla is not a share for those of a nervous disposition. It moves quickly, often violently, driven by innovation, competition and also the headlines around Elon Musk. Translated, that means huge potential, but also huge uncertainty. This is precisely where a new type of investment comes in, one that does not wait for the next jump in price, but instead takes advantage of what Tesla shares have to offer in abundance: volatility. The YieldETP+ on the Tesla 110% Covered Call Index can become a source of regular earnings from the fluctuations. The product is transparent and rules-based, can be traded on a daily basis and transforms the daily nervousness of the market into a structured revenue stream.
At heart, the product is based on a proven principle: covered calls. The index on which the YieldETP+ is based holds Tesla shares and systematically sells call options every month with a strike price of 110% of the current price of the underlying. These options are deliberately “out of the money”, leaving room for price gains, while the option premium received immediately becomes income. What the market pays for its short-term uncertainty flows back to the investor as a monthly distribution. And it's quite impressive: in December 2025 the YieldETP+ delivered USD 0.483 per certificate.
The mechanism is as simple as it is effective: If the price of the Tesla share treads water or rises moderately, holders of the product win twice over – firstly from the premiums received, and secondly from the price gains up to the defined strike price. Should the share appreciate more strongly, the upward potential above this threshold is limited. If the price falls, the premiums serve at least as a partial buffer. The strategy is redefined month by month. What makes the YieldETP+ special, however, is not just its clever strategy, but also the robust structure. As an exchange-traded product, the paper can be traded every day, making it as flexible as the actual share. At the same time, the “+” suffix mean the ETP is fully collateralised. The securities are managed independently and monitored continuously through a tri-party collateral management system. For investors, this means a high degree of transparency, security and operational efficiency – a professional option strategy in a clearly structured shell.
The character of the product is unambiguous: income before speculation. In an environment in which Tesla does not pay a dividend, the YieldETP+ offers an alternative revenue path. The high volatility of the share, which for many investors constitutes a risk, is deliberately used as a source of returns. It should be noted, though, that, as with every covered call strategy, returns are not guaranteed. Instead, they vary according to market conditions. Nor does the product protect against severe market downturns. For investors who believe in Tesla’s long-term relevance, are willing to accept short-term fluctuations and are looking for a regular revenue stream, however, the YieldETP+ on the Tesla 110% Covered Call Index represents a convincing alternative. A volatile share is no cause for nerves, then, but a structured income component: absorbing fluctuations, collecting premiums, generating revenue.
We look forward to answering all of your questions about our products and how they are traded. Please don't hesitate to get in touch! Phone: 058 800 11 11, email info@leonteq.com or contact us here.