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Opinions Larry Berman CFA, CMT, CTA
CI TECH GIANTS COVERED CALL ETFTXF.TOWEAK BUYNov 03, 2014
Larry Berman CFA, CMT, CTAStock price when the opinion was issued
As of Jun 16, 2026. Market Open.
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(Note the shortish timeframe.) Still provides ~10% income yield, so he's happy to hold and see how markets shake out. Some of the mega-cap names haven't performed well over the past 6 months, so this is at a good entry point. If those names lead the next leg higher, then you get not only your income but also some capital gains as well.
Cole Kachur
Depends on your risk tolerance. These are volatile stocks. If he's going to take on the risk of owning some very highly priced stocks, he wants the full value of the upside and not capped by covered calls. The premiums are very rich, but that's not what he wants for his clients.
In general, he likes tech ETFs because they've driven 30% of the gains in the market. And AI will be into everything -- even his dog's vet has adopted it.
It holds the Mag 7 with a covered call. It uses more leverage than other covered call ETF, so there's a little more fluctuation. It pays around 10-11% in distributions, and he sees more upside.
Cole Kachur
It is a beta ETF so they try to improve on the index they follow. They write a covered call at the money on a quarter of the portfolio. You get some growth potential. He thinks technology is expensive so covered calls are the way to get income. He prefers energy. ZEO-T or ISX-T)