It is similar to his past pick JEPI. Still open for at least a few months. He is looking for low investor sentiment and a late market rally after capitulation to indicate the later stages of the downturn before switching back to straight equities.
Generates income from covered calls, which helps in this bumpy environment. Dampens the overall volatility of your portfolio. Not a big weight, just a tactical sleeve until markets get better.
It is similar to his past pick JEPI. Still open for at least a few months. He is looking for low investor sentiment and a late market rally after capitulation to indicate the later stages of the downturn before switching back to straight equities.