Three options-based ETFs paid weekly dividends on Oct. 16, 2025, offering high yields through synthetic stock strategies with significant risks.

The YieldMax AI Option Income Strategy ETF (AIYY), TSLA Option Income Strategy ETF (TSLY), and Short TSLA Option Income Strategy ETF (CRSH) each announced weekly dividends on October 16, 2025, reflecting a broader trend of actively managed, options-based ETFs offering frequent income payouts. AIYY and TSLY use synthetic covered call strategies on AI and TSLA shares, respectively, generating income through option premiums while limiting upside. CRSH employs a synthetic covered put strategy on TSLA, aiming for inverse exposure and income via put premiums. All three funds hold U.S. Treasuries and use options to replicate equity exposure without direct stock ownership. Distributions, often exceeding 100% annual yields, include return of capital, which may reduce net asset value and limit long-term growth. The shift to weekly payouts highlights rising investor interest in high-yield, nontraditional income strategies, though these funds carry concentrated risk, volatility sensitivity, and capped returns.