Nuveen Equity Premium Opportunity Fund (NYSE:JSN)

fooluser17 (94.65) Submitted: 12/15/2011 11:32:09 AM : Start Price: $11.95 JSN Score: +4.82

I like this stock, but with a very low beta and falling dividend it would be more of a pick for stability within my real portfolio. Despite the falling dividend, they've paid consistently on their declared dividend and it's pretty high as a % right now. I'd put a small amount into this one and see where it goes.

BoomerBull (63.55) Submitted: 12/23/2010 4:04:21 PM : Start Price: $11.44 JSN Score: +2.04

First JSN is not an ETF as another CAPS user indicated. It's a closed-end fund (CEF). In some respects it is like and ETF in that it can be bought or sold anytime throughout the day. Unlike an ETF, or at least most ETFs, it is an actively managed fund. Also unlike and ETF, it has a fixed number of shares. Now, CEFs can sell at a premium or a discount to net asset value. As of this writing JSN sells at a 52-week average discount of 1.34% and a current discount of a 5.6%, which is better. JSN does not use leverage like most CEFs, so it is more conservative and less volatile. It's portfolio is chock full of large-cap industry leaders. It makes quarterly distributions to shareholders, currently returning 9.9%. That's a hefty return. It does that by selling calls on equity holdings that increase total return. All this is good, but it tempers performance in rapidly rising markets. But that works in your favor in declining markets. A "buy equity/write option" strategy is a conservative approach to wealth gains.

So why would I rate it underperform if I think it will actually rise in share price and the discount will shrink? I expect it to rise slowly but to also slightly underperform the S&P over time. But I also expect it to drop less when the S&P finally turns negative. I own JSN and like it for reducing the volatility and risk of my overall portfolio.

HanumanTMK (32.46) Submitted: 5/31/2009 3:29:40 PM : Start Price: $8.19 JSN Score: +1.57

We're cheaper than our component parts here, with a huge dividend. What's not to like?

NevadaBuilder (92.69) Submitted: 11/25/2008 1:54:49 AM : Start Price: $6.85 JSN Score: +17.11

hi div

Knifecatcher1 (50.08) Submitted: 1/3/2008 11:12:24 AM : Start Price: $10.35 JSN Score: +18.79

Nuveen Equity Premium Opportunity is an ETF recommended in a recent WSJ article:
http://online.wsj.com/article/SB119715291450118441.html?mod=yahoo_hs&ru=yahoo

JSN's objective from the web site: "... primary investment objective is to provide a high level of current income and gains from net index option premiums. The fund's secondary investment objective is to seek capital appreciation ... ". "...weighting of 75% of the S&P 500 Index price movement, and 25% of the NASDAQ 100 Index ..." "... add to its common stock dividend income by selling call options ..."

JSN sells at an 11% discount to the value of its underlying securities (as of 1-3-2008). Dividend yield, bolstered by selling options, is ~ 10.90%. Low fees of 0.56%.

Top holdings are Apple, Exxon Mobil, Microsoft, GE, AT&T, Cisco, Citigroup (already heavily discounted), Intel, Bank of America, Google.

In the current uncertain market, a discounted ETF holding mega-cap growth stocks and a near- 11% cash payout looks very attractive to me. I think it will be the market and give a much smoother ride.

Disclosure: I own JSN shares in my portfolio.

alhubb (46.73) Submitted: 4/19/2007 5:05:20 PM : Start Price: $11.11 JSN Score: +12.00

with almost 10% dividends, why not