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Two Blokes Fri at 2:00 AM -
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Single-stock covered call funds like YieldMax SMCI Option Income Strategy ETF offer high yields but have significant downsides, including capped upside and retained downside risks. SMCY has lost money at a 32% annualized pace since inception, despite a 98.8% distribution rate, due to its structure and market volatility. Investors should avoid SMCY and consider direct ownership of SMCI shares if bullish, as SMCY's structure limits potential total returns.
