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It’s Pretty Insane How Much TPAY’s 10% Yield Beats Most Covered Call ETFs
Key takeaways
- The yield does not come from covered calls: TPAY uses FLEX options, cash management, and the ETF in-kind mechanism rather than systematically selling upside through covered calls.
- Return of capital can help retirees: The distributions are currently estimated to be 100% return of capital, which may improve tax efficiency during decumulation, though taxes are deferred rather than eliminated.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and TPAY didn't make the cut.
It’s Pretty Insane How Much TPAY’s 10% Yield Beats Most Covered Call ETFs Tony Dong Thu, June 25, 2026 at 10:24 PM GMT+7 4 min read ^GSPC NVDA Quick Read TPAY keeps pace with the S&P 500 surprisingly well: Since launch, its total return has been remarkably close to SPY while still delivering a sizable monthly payout.
The yield does not come from covered calls: TPAY uses FLEX options, cash management, and the ETF in-kind mechanism rather than systematically selling upside through covered calls.
Return of capital can help retirees: The distributions are currently estimated to be 100% return of capital, which may improve tax efficiency during decumulation, though taxes are deferred rather than eliminated.
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