Stock price when the opinion was issued
The closer you write your option to the money, the higher your premium will be. That's the basic definition of an options strategy. But you're going to get no capital gain. It's a very tax-efficient strategy. If you're looking for high income and no growth, some of these ETFs are really good choices. Overall, he likes these strategies as ways to get income from the markets.
Believes they write only a part of the underlying at the money. Some of the ETFs have a bit of leverage, so you need to investigate. Again, don't just look at the yield and jump on it. In some markets the yield will help. In others, it will really hurt your total return as opposed to owning something without the options embedded.
Investor is holding HDIV, ZWC, SMAX, and ZEB. By holding all of these, it looks as though you're diversified but you're just duplicating a lot of the strategies.
Likes HDIV a lot for yield-seeking investors. A nice strategy, and you probably don't need a whole lot beyond that.