I've never owned covered call ETFs like QQQI, SPYI, JEPQ, etc, but mostly pure index funds.
The concerns I have about covered call ETFs is:
a) They generate significant taxes even when I don't want/need the distributions. If I need cash, I can always sell shares at my own pace.
b) Total return in the long-run will be lower than the underlying indexes.
For those of you who invest in covered call ETFs, am I missing something? Why do you guys prefer these ETFs to traditional indexes?