Thinking of replacing stock portion of golden butterfly with NUSI.
NUSI pays out a generous yield of 7%ish while having reduced drawdowns by doing collars on the NASDAQ 100. It did amazing during the drops in March (low ulcer index). It even seems very tax efficient even with the latest return being ROC instead of a distribution. The upside looks a bit capped, but the downside seems also capped and is a more then fair tradeoff. I am extremely bullish on big tech going forward as they have multiple money printing machines at their disposal, but having a CAPE above 30 also makes me believe there is still potential for downside if the government does not keep up the intervention.