Welcome to the club! You will be collecting 20k this month...that's over 200k per year! Has bitcoin or MSTR ever given you those kind of returns? Had you purchased MSTY instead of your calls, you would have received 250k in dividends already...by July expiry that's probably another 150k totaling 400k! Had you bought bitcoin back in February @ 50k you would have received 5, and would have made 250k, but this was during a huge rally! What happens during a 6 month or 1 year downturn? Bitcoin is dead money while hodling. Remember I created a high yield strategy with my hulk system, which is like dividends on steroids. Coincidentally all these high yield etf's popped up afterwards doing essentially the same thing.
I got a good entry to msty, in addition to the $20k dividend, another $15k in m2m profits But... since inception compared to mstr same date/time, mstr has outperformed msty, no matter how you slice it, even if you did dividend reinvestment on msty But... mstr and and msty are not competitor, but more a preference, of low volatility, with limited upside and downside, vs, high volatility and higher upside and downside, low risk-reward asset and high risk reward Hence, why I have both... for the next 3 months and will close out msty most likely before my June 2025 mstr calls Tbh, I'm looking forward to doing the msty methodologies myself, market timing and more controls, via mstr CC's... Forget about bitcoin, it's not for you
Yeah it tracks bitcoin as well, not 1:1 but would see substantial capital gains if bitcoin rally's. It will also act as a hedge to your call position to offput time decay. Bitcoin not for me??? I was hodling bitcoin when all of you were still trying to figure out how to open your first hot wallet lol. The problem with bitcoin now is the rallys don't overcome the downtime. Over roughly the last year 1 bitcoin put into a MSTY would have collected 60k-70k in dividends. Bitcoin has returned 35k. I've done the math, and a bitcoin tracking dividend portfolio can return higher than a 1 bitcoin beta depending...mine is currently tracking at about 1.07 beta without reinvesting. Not to mention an unrealized capital gains tax on crypto is almost a certainty imo, and I don't want to be holding the bag when that happens. It could possibly be the "catalyst" for the next 80% drawdown. Yes I do the same with MARA monthlys and about 8 other high IV stocks... Sell to Open Uncovered MARA 01/31/25 20.00 PUT: US 5 5 0 4.05 4.05 Dec 31, 2024 02:45 PM ET Filled
Did he even read the MSTY prospectus? He doesn't seem to understand the strategy which is high yield returns at all costs! Who cares if price blows through your call strike? The point is collecting the higher premium at the lower strike, not capital gains. Where is he getting the data?
No, I don't know what I'm doing, But it's fun. I call Options, Bingo for Seniors. I have been rolling and rolling these, generating income on every roll. What I'm currently sitting on:
I assume from the Yield Max website or official channels This dude publishes a great spreadsheet on msty which I hope would be fairly accurate