Leverage Shares 2X Long TSLA Daily ETF (TSLG) Covered Calls

The Leverage Shares 2X Long TSLA Daily ETF is an actively managed exchange-traded fund that seeks to provide 200% of the daily performance of Tesla, Inc. common stock. The fund utilizes financial derivatives, primarily swap agreements with various counterparties, to achieve its double-leveraged daily objective. It is designed as a short-term tactical tool for sophisticated traders and investors looking to magnify their bullish exposure to the price movements of the global EV leader.

You can sell covered calls on Leverage Shares 2X Long TSLA Daily ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for TSLG (prices last updated Fri 4:16 PM ET):

Leverage Shares 2X Long TSLA Daily ETF (TSLG) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
7.57 +0.50 7.53 7.54 43.5M - 0.0
Covered Calls For Leverage Shares 2X Long TSLA Daily ETF (TSLG)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 8 0.00 7.54 0.0% 0.0%
Mar 20 8 0.15 7.39 2.0% 17.0%
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Extended Business Description

Leverage Shares 2X Long TSLA Daily ETF is a high-octane investment vehicle engineered for active traders who want to amplify the daily price action of Tesla. Launched by Themes Management Company under the Leverage Shares brand, TSLG provides a way to capture 2x the daily volatility and momentum of the electric vehicle and robotics pioneer without the need for personal margin accounts.

Core Strategy and Operations

  1. Leveraged Daily Objective: The fund aims to deliver daily investment results, before fees and expenses, of 200% of the daily performance of Tesla common stock. To achieve this 2x target, the fund primarily engages in synthetic swap agreements with major financial institutions (such as Marex, Cantor, and Clear Street). It also holds a significant portion of its assets in cash equivalents and U.S. Treasury obligations to serve as collateral for its derivative positions.
  2. Daily Reset and Compounding: Like other leveraged daily ETFs, TSLG resets its leverage at the end of every trading session. Because of this mechanism, the fund's performance over periods longer than a single day is the result of compounding each day’s returns. In volatile or sideways markets, the fund is susceptible to "volatility decay," which can cause its value to decline even if the underlying stock remains relatively flat over time.
  3. Competitive Cost Structure: As of 2026, the fund is known for its highly competitive expense ratio of 0.75%. This is notably lower than many of its peers in the single-stock leveraged space, making it a cost-efficient choice for intraday and swing traders looking to manage their total carry costs.

Competitive Landscape

TSLG competes directly in the crowded market for bullish Tesla products. Its most prominent rivals include the Direxion Daily TSLA Bull 2X Shares and the GraniteShares 2x Long TSLA Daily ETF, both of which also target a 200% daily multiple. It also competes with the T-Rex 2X Long Tesla Daily Target ETF. For investors seeking income rather than pure capital appreciation, the YieldMax TSLA Option Income Strategy ETF is a common alternative. On the inverse side, traders often look to the Direxion Daily TSLA Bear 1X Shares to hedge their long positions.

Strategic Outlook and Innovation

Management focuses on maintaining high liquidity and tight tracking of Tesla’s daily percentage changes. As the electric vehicle industry navigates shifts toward autonomous driving, AI-integrated software, and energy storage, TSLG is positioned as a primary tool for "momentum harvesting" during periods of high news-driven volatility. The fund is non-diversified and carries substantial risk; because it is triple-exposed to a single equity's volatility, a sharp decline in Tesla's stock can result in a significant and rapid loss of principal. It is intended for experienced participants who monitor their exposure daily and have a high risk tolerance for the inherent swings of the clean energy hardware sector.