Tax Efficiency in Option-Income ETFs

JEPI vs SPYI comparison quantifies Section 1256 tax advantage for SPYI (37% ordinary vs blended capital gains). JEPQ tax drag quantified ($12,800/year on $500k) and new data shows only 5.1% qualified dividends. QQQI cost basis erosion via ROC. ROCQ noted as better alternative. Tax treatment becomes key differentiator for taxable accounts.