I'm struggling to understand why you'd sell covered calls on a volatile stock with massive upside potential especially as a long-term strategy. Sure, you generate income. But it's even worse when the stock is volatile and just moves sideways. (Which could be the new norm as bitcoin matures). TSLA one of the most volatile stocks in the market. YieldMax has been running a TSLA covered call ETF (TSLY) since November 2022. Since then, Tesla is up 30%, but the ETF has actually delivered negative annualized returns. Even Apple is up 50% since launch has only returned around 10% annually through its covered call ETF, which is less than the S&P 500. I just don’t see how this is a viable long-term strategy when you’re capping upside.