Anyone sell call spreads against Zebra’s or hedged synthetics?

I see what they’re doing on the Yieldmax..etf’s

No protection if the stock gets crushed .. not that impressed ..

So I was thinking buy 2 .80 delta and sell 1 .50 delta and buy a shorter term .55 delta / a strike down to hedge and sell some OTM call spreads?

Or Buy call / sell put and add a lower put (synthetic) and then add some short call spreads for some yield?

Thoughts