PowerSh S&P500 BuyWrite ETF (PBP)

(Past Top Pick, July 17, 2017, Up 5%) It owns the S&P 500 and writes covered calls on it. It typically underpforms the S&P in a rising market and does better in a flat/down market. It's a low-risk ETF and pays a monthly income, but
they're U.S. gains, so that's not good for tax-paying Canadians. This is okay if you want U.S. income.

A pure and simple Covered Call on the S&P 500 Index. You are getting dividends plus option premiums. It will be less volatile than the S&P 500. You are going to be subjected to withholding tax on the dividends. This is one you could hold for a long time.

This is writing Covered Calls on the S&P 500. Options market prices risk. The underlying financial markets prices returns. If they are both efficient, you bring 2 markets together, which should always produce alpha, a higher return than you should get for the risk taken. Long-term history on this proves that point and you now have an ETF that proves that. If you want to be in the US market, this is not a bad way to play it.