1. JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is a high-yield monthly dividend ETF designed for maximum income with higher volatility compared to its sister ETF, JEPI. 2. JEPQ captures up to 85% of the Nasdaq's gains but leaves some potential profits on the table due to its capped upside. 3. Investors should be aware of the high tax implications, with 30% to 50% of gains potentially going to taxes, making it suitable for tax-advantaged accounts like Roth IRAs.