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The YouTuber advises avoiding JPY for most investors, noting it operates almost identically to QQQY by selling daily put options on the S&P 500. This strategy is expected to result in a declining share price over time, as the fund may need to draw from its principal to sustain high dividend payouts. Additionally, the dividends are taxed as ordinary income, which can be disadvantageous for higher-income investors.
“My fear here is that if this ETF is going to try to keep up with those daily those double- digigit dividend yields it's going to have to continuously dig into its cash to pay for it that's going to mean that the share price continuously goes nowhere but down even if the NASDAQ Rises.”