Entered@21.5, exited@22. Friday closed 21.7 with 8 trading days to go before next div. During this period I used my cash to trade the rising market and came ahead, even if MSTY was at 23 today. So all good.
So basically you would have made 2x more just holding msty since the previous dividend or 10x more just holding since Jan... This is false economy.
Sorry, I must not explain myself well... Even if MSTY is at 23 by next div I'm still ahead, selling when I did and trading the market for the past couple of weeks. Right now it's at 21.7 and sliding.
Unless MSTR is just resting, there does seem to be a problem. As @demoncore has said previously MSTR is losing its volatility and thus the vol-linked dividend on MSTY. It seems like you are better off using this strategy on securities where the volatility is increasing like COIN or HOOD. I looked at the return of MSTR vs. IBIT and if you go back to Jan 2024 when IBIT first started MSTR is still up 4.6X vs. IBIT but its excess returns have all but dissipated. Its basically a 1:1 return now vs. IBIT. MSTR IBIT returns 18m 778 170 15m 237 87 12m 138 74 9m 98 76 6m 8.8 10.4 3m 33.2 34.1 1m 14.7 13.1 1w -2.6 -0.8 It's been a dog for quite awhile now.It seems it never really recovered from the blow off top on Nov 21, 2024. Since Nov 21, 2024 MSTR has unperformed IBIT by 28%, -1.7% vs. 26.5%.
Just announced! YMAX YieldMax® Universe Fund of Option Income ETFs Weekly YMAX $0.1838 ___________________________________________ Just announced! CONY YieldMax® COIN Option Income Strategy ETF Every 4 weeks $0.7951 ____________________________________________ MSTY on deck! Should I start a YMAX topic? A CONY topic? Can we have a Yieldmax category @Baron?
Come on people...stay in your lane. I mathed out future divs on my sheet long before any of you chimed in. Of course divs will drop when IV drops. I was trolling @johnarb for months that MSTR was not as volatile compared to previous runs...dilution being the main issues, and bitcoin fatigue being the other.