- Investors are struggling to generate income in the current environment, but this fund provides a solution to that.
- The fund uses a covered call-writing strategy, which is one of the safest strategies to generate income.
- The fund is heavily exposed to the big tech companies but less so than the S&P 500 index is, so it is probably reasonably safe.
- The 6.8% yield appears to be sustainable as the fund is generating more than enough money to cover it.
- The fund appears a bit expensive right now based on its historical pricing, so it makes sense to wait for a correction.
For further details see:
EOI: Generate A Solid Income With This Option CEF