I found one way to eke out a little more on iShares TIPS. I sell OTM covered calls. I recently sold Jan 118 covered calls for $0.30. It's not much, but it's 3% added to any distribution or CG that occur. BTW: I keep the TIPS and other bond investments in my tax deferred accounts so there's no CG tax.
Interesting. I have been selling covered calls on my dividend stocks, but for some reason had never looked at doing it with TIP. Using your nontaxable account is the way to go -- it really simplifies the tax situation on those options trades. Thanks.