Stock price when the opinion was issued
Main thing is it's not leveraged. Holds all the big, household names. Dividends are small on US stocks, so most of the premium you're getting is from the covered calls which are capital gains. Hasn't come back from April because it doesn't have all the super-charged tech stocks. Yield is around 6-6.5%.
Weaker Canadian dollar is better for the forestry industry, but how much is priced in right now? This one gives exposure to all 10 economic sectors, covered call overlay and a great way to get yield into your portfolio. But he is reducing his exposure to the Canadian/US dollar exchange rate.