The S&P 500 is mentioned as an underlying index that does not inherently provide income, necessitating strategies like covered calls.
Source Post
1 (NEW) ETF BETTER than TSPY & TDAQ for Long-Term Monthly Income? (TMGN ETF Review)
Aug 10, 2026
This video reviews the new TMGN ETF from Tap Alpha, which aims to provide monthly income and capital appreciation by holding the Magnificent 10 companies (Magnificent 7 plus Broadcom, AMD, and Palantir) and employing daily covered calls. The ETF is highlighted for owning real equities, participating in upside, and potentially offering tax-efficient income delivery through return of capital, utilizing a new CBOE index option on the MAG 10 with tax-advantaged 60/40 treatment.
Linked Mentions
Tickers discussed in this post
Pepsi is used as a comparison to Nvidia, representing a less volatile stock.
Palantir is mentioned as one of the three additional companies in the Magnificent 10 index, included in the TMGN ETF.
AMD is mentioned as one of the three additional companies in the Magnificent 10 index, included in the TMGN ETF.
Broadcom is mentioned as one of the three additional companies in the Magnificent 10 index, included in the TMGN ETF.
Tesla is mentioned as one of the Magnificent 7 companies included in the TMGN ETF's underlying holdings.
Meta is mentioned as one of the Magnificent 7 companies included in the TMGN ETF's underlying holdings.
Alphabet is mentioned as one of the Magnificent 7 companies included in the TMGN ETF's underlying holdings.
Amazon is mentioned as one of the Magnificent 7 companies included in the TMGN ETF's underlying holdings.
Apple is mentioned as one of the Magnificent 7 companies included in the TMGN ETF's underlying holdings.
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