Azoria TSLA Convexity ETF(CBOE:TSLV)

TSLV provides exposure to Tesla stock (TSLA) through direct investments in shares, options, or swaps. The funds investment strategy aims to increase upside potential when the shares appreciate, while limiting downside risk. The exposure is actively managed, using a flexible approach such as buying at-the-money call options and selling at-the-money put options, or buying deep in-the-money calls, depending on market factors. Up to 20% of assets may be invested in out-of-the-money call options to capture potential upside, with maturities ranging from one to 24 months (average six months). Option selection considers volatility premiums, expiration values, and relevant company or industry developments.