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VCAR Is Now TESL As Simplify Unveils New Ticker for The Simplify Volt TSLA Revolution ETF
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Fund is actively managed to capture potential of Tesla’s stock price movements with options overlay to manage downside risk
January 02, 2025
NEW YORK – Simplify Asset Management (“Simplify”), a leading provider of Exchange Traded Funds (“ETFs”), today unveiled a new ticker for its Simplify Volt TSLA Revolution ETF: TESL.
TESL, which had previously traded with the ticker VCAR, utilizes a dynamic active management approach to capture the potential of Tesla’s stock price movements. The strategy involves a combination of momentum analysis to identify trends in Tesla’s stock price as well as AI-driven sentiment measures to identify short-term opportunities or risks related to Tesla’s business activities. The strategy then adjusts the fund’s exposure to Tesla to one of three strategic postures:
This approach is designed to allow the fund to capture significant potential upside while limiting downside exposure during volatile periods. Simplify also overlays an options strategy on top of the fund’s portfolio to hedge against downside market risks.
“This new ticker better aligns with the fund’s underlying strategy of providing dynamic exposure to Tesla’s stock price movements while implementing an advanced options overlay strategy to manage downside risks,” said David Berns, CIO and Co-Founder of Simplify. “Already one of the more widely followed and held stocks, TSLA is poised to experience even more scrutiny and volatility in the months and years to come, making the TESL approach potentially appealing to investors who may be seeking a more active way to gain exposure to the company.”
ABOUT SIMPLIFY ASSET MANAGEMENT INC
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking.
TESL, which had previously traded with the ticker VCAR, utilizes a dynamic active management approach to capture the potential of Tesla’s stock price movements. The strategy involves a combination of momentum analysis to identify trends in Tesla’s stock price as well as AI-driven sentiment measures to identify short-term opportunities or risks related to Tesla’s business activities. The strategy then adjusts the fund’s exposure to Tesla to one of three strategic postures:
- Aggressive: Providing 150% exposure to Tesla when momentum is strong;
- Bullish: Providing 100% exposure during steady upward trends; and
- Neutral: Providing 80% exposure when conditions are uncertain.
This approach is designed to allow the fund to capture significant potential upside while limiting downside exposure during volatile periods. Simplify also overlays an options strategy on top of the fund’s portfolio to hedge against downside market risks.
“This new ticker better aligns with the fund’s underlying strategy of providing dynamic exposure to Tesla’s stock price movements while implementing an advanced options overlay strategy to manage downside risks,” said David Berns, CIO and Co-Founder of Simplify. “Already one of the more widely followed and held stocks, TSLA is poised to experience even more scrutiny and volatility in the months and years to come, making the TESL approach potentially appealing to investors who may be seeking a more active way to gain exposure to the company.”
ABOUT SIMPLIFY ASSET MANAGEMENT INC
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking.
