Larry Berman CFA, CMT, CTAHamilton Enhanced Canadian Equity DayMAX ETFCDAY-NEWEAK BUYApr 06, 2026

At his firm they can do their own, so he wouldn't use it. That said, the zero-day strategies (where they write options every day) have their pluses and minuses. Generate lots of capital gains by way of distributions, but give up a lot of upside potential. Specifically for income seekers and those wanting tax-efficient income.

If that's who you are, then they're probably appropriate for some part of your income portfolio. If you're a long-term capital gains investor, these aren't for you -- you'll likely underperform in the long run.