The YouTuber strongly advises against MSTY due to its extremely high risk profile. He highlights that it writes covered calls on MicroStrategy (MSTR), a company he considers highly risky due to its leveraged Bitcoin exposure. This strategy offers capped upside but full downside exposure, making it a dangerous investment despite its high dividend yield.
“So, what I want to say is just do not get enticed when you see companies or ETFs with extremely high dividend yields. And what I've noticed throughout my investing career is the higher the yield, the more sketchy the product probably is and the more skeptical you should be as an investor.” — ▶ 29:00