Key Points
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Apple is the author’s largest holding, making up 27% of their ROTH IRA.
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The author is writing call options on Apple shares to generate income, with $280 calls expiring in May 2026.
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The JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ) aims to provide monthly distributable income, with a 11.3% income yield over the past year.
The author owns over 100 shares of Apple (NASDAQ: AAPL) and is implementing a strategy of selling call options to create passive income. This involves writing options against their shares, with the potential to keep the premium if shares remain below the strike price (set at $280 for May 2026). They also reinvest this income into other dividend-paying stocks to reduce their exposure to Apple.
The JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ) employs a disciplined options overlay strategy by writing out-of-the-money call options on the Nasdaq-100 index. This fund has an average annualized total return of 16.4% since inception in 2022 and charges a 0.35% expense ratio.
