Seeking Alpha - Get $50 OFF + 7 Day Free Trial https://seekingalpha.me/ViktoriyaMedia High dividend income ETFs have become extremely popular over the past 2 to 3 years, and are a primary focus for income investors and retirees. But it's very important to try and identify dividend traps. More and more ETFs are coming out with new and more creative ways to achieve extremely high yields with the use of options. And these ETFs have very attractive yields which can fool a lot of investors. But one thing you have to remember is that these strategies are only beneficial on a diverse set of stocks or an index, like the s&p500 or the Nasdaq 100. This is strictly because if you use this strategy on a single stock then you become susceptible to a number of different risks, solely surrounding the company, which can quickly deplete your portfolio and destroy the overall performance of the fund. This brings me to TSLY, which is the yield Max Tesla option income strategy ETF. This ETF has suffered major losses and i wanted to go over what investors can do to minimize losses and recover their funds, while also taking advantage of tax loss harvesting. ✅Market Research Platforms✅ Koyfin - Advanced platform for researching global stocks, ETFs, Mutual Funds & more: Get 20% OFF: https://www.koyfin.com/affiliate/vikt... ✅Investing/Trading Platforms✅ Moomoo - Get up to 60 FREE stocks & 8.1% APY on idle CASH: https://j.moomoo.com/00Aq4o WeBull - EARN 5% APY on CASH NOW! https://a.webull.com/i/ViktoriyaMedia ⚠️⚠️⚠️ Disclaimer: I am not a financial advisor. Viktoriya Moskalyuk does not provide investing, tax, legal or accounting advice. This video is for entertainment and educational purposes only and should not be considered as financial advice. I am solely sharing my personal experience and opinions. I highly encourage you to do your own research- there is a risk of losing money in the market. You should consult your own tax, legal and financial/investment advisors before engaging in any transactions. 🚨Thumbnails are NEVER a direct quote from any public figure. It is a form of art and is strategically used for audience engagement. DO not rely on the “quote” as a real statement from a public figure. 🚨Advertiser Disclosure: The links provided on this channel are from affiliate partners, which means that if you make a purchase through my affiliate link, I may earn a small commission at no cost to you. 📚BOOKS TO READ📚 THE OPTION WHEEL STRATEGY: https://amzn.to/4046nFf COVERED CALLS for BEGINNERS: https://amzn.to/42IsXoX Investing for Dummies: Original - https://amzn.to/3Ju9bVc 9-in-1 Books- https://amzn.to/3FGu3r3