We explore the free dividend fallacy and how it applies to option income strategies. We break down the return drivers of covered call ETFs and examine the long-term performance record and volatility. Finally, we explain why it's better to own a single stock than a single-stock covered call ETF, such as MSTY, NVDY, or TSLY, offered by YieldMax.Show Notes<a href="https://www.ivey.uwo.ca/media/3778037/hartzmark_2017.pdf" rel="noopener noreferrer" target="_blank">The Dividend Disconnect - Samuel M. Hartzmark and David H. Solomon</a><a href="https://mebfaber.com/2026/04/30/sam-hartzmark-on-dividends/" rel="noopener noreferrer" target="_blank">Sam Hartzmark on Dividends - Meb Faber Research</a><a href="https://www.bloomberg.com/graphics/2025-gen-z-dividend-investing-etfs/" rel="noopener noreferrer" target="_blank">The New American Hustle: Dividends Over Day Jobs - Denitsa Tsekova and Vildana Hajric - Bloomberg</a><a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2444999" rel="noopener noreferrer" target="_blank">Covered Calls Uncovered - Roni Israelov and Lars N. Nielsen - Financial Analysts Journal</a><a href="https://www.researchgate.net/publication/228143266_Volatility_Risk_Premiums_Embedded_in_Individual_Equity_Options_Some_New_Insights" rel="noopener noreferrer" target="_blank">Volatility Risk Premiums Embedded in Individual Equity Options: Some New Insights - Nikunj Kapadia and Gurdip singh Bakshi</a>Sponsors<a href="https://moneyfortherestofus.com/quiz/" rel="noopener noreferrer" target="_blank">Take the Money for the Rest of Us book quiz to see which investing book is best for you.</a><a href="https://joindeleteme.com/david20" rel="noopener noreferrer" target="_blank">Delete Me – Use code David20 to get 20% off</a>Investment MentionedInvesco S&P 500 BuyWrite ETF (PBP)JPMorgan Equity Premium Income ETF (JEPI)WisdomTree Equity Premium Income Fund (WTPI)YieldMax TSLA Option Income Strategy ETF (TSLY)Tesla (TSLA)YieldMax NVDA Option Income Strategy ETF (NVDY)NVIDIA (NVDA )YieldMax MSTR Option Income Strategy ETF (MSTY)Strategy (MSTR)Related Episodes<a href="https://moneyfortherestofus.com/471-covered-call-etfs/" rel="noopener noreferrer" target="_blank">471: Unlocking Income—A Comprehensive Guide to Investing in Covered Call ETFs</a><a href="https://moneyfortherestofus.com/466-does-dividend-investing-still-work/" rel="noopener noreferrer" target="_blank">466: Does Dividend Investing Still Work?</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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Don't Fall Into the Dividend Trap. How Investors Misunderstand Covered Call ETFs

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