DJIA: Covered Calls, Capped Gains, And An Unreliable Yield

  • DJIA's yield appears attractive but is unreliable, as option income can't consistently fund high payouts, especially during market stagnation or corrections. The ETF's focus on NAV preservation hasn't prevented significant drawdowns, making it unsuitable as a reliable, market-agnostic income plan. DJIA consistently underperforms the Dow Jones, offering limited upside capture and only marginally better drawdown protection, failing to deliver long-term alpha.