Core Insights - The investment strategy for long-term compound returns has evolved, with new options available for investors beyond traditional S&P 500 ETFs [3] - High-yield income can now be captured through option-overlay ETFs, which maintain index stock exposure while selling options to generate premium income, leading to frequent distributions that often exceed traditional dividends [4] Investment Products - The NEOS S&P 500 High Income ETF (BATS: SPYI) offers a blend of stability and high income, currently trading near $53 with a dividend yield of 11.61% and managing $7.1 billion in assets [6] - SPYI's strategy is tax-efficient, as it utilizes SPX Index options classified under Section 1256 contracts, providing a favorable 60/40 long-term and short-term capital gains treatment [7] - Option-overlay ETFs like SPYI and QQQI are transforming income-focused compounding by converting market volatility into double-digit cash flow, while JEPQ offers an institutional-grade alternative with a yield exceeding 10% [8] Holdings and Market Focus - The top holdings of these ETFs closely resemble the S&P 500, with major technology companies such as NVIDIA, Apple, Microsoft, and Alphabet making up nearly 20% of the portfolio [9]