1. Tesla's stock has dropped over 40% from its peak, indicating caution and a potential opportunity to overweight Nasdaq 100 later. 2. The author recommends JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) due to its covered-call strategy, which outperforms QQQ with higher income returns amidst elevated volatility. 3. JEPQ benefits from selling options in a high-volatility environment, offering a rising dividend yield near 10%, making it a favorable entry point.