MSTY nice enough payday. Bought some in pre-market after the 3.74% dip after close (for next month's divy). That small % dip, pointed towards the smaller payday. It would have been nicer if it was more, but.. and this is a MixALot-sized butt...MSTR needs to GET the F up off the mat. Hopefully earnings will look good for MSTR today AH, with potential BTC unrealized gains and all. Be prepared for a rough ride come October. Global Liquidity is falling off.
MSTY I see some posts about "why buy MSTY, if it goes down, you're underwater". Yes. that is true. Here's my observation, and experience, both trading it and holding it. Yes its a covered call ETF, and they degrade in share price compared to their reference index. There's no way to hold share value for USOI, for instance, unless we get a bear market for WTI that takes oil to $40 a bbl and then goes up to around $100 bbl, making your USOI shares relatively safe for a year or so. In MSTy's case, MSTR has far outperformed BTC, so, buy low and sell high, or hold, when high and your shares are safe, and you make Phat Divies. Someone who bought MSTY on Sept 6, 24, for $19 is STILL safe, and made huge Phat Divies. Someone holding the bag at $46.50 is obviously challenged, but if you do the math on total returns, might break even or make a wee profit. My problem with MSTY now is: MSTR has decoupled from BTC and also, does not have the wild daily volatility it had before April 2025 earnings. I used to literally buy MSTY in the $20-$25 range and dividend capture it: buy low, get dividend, sell high and de-risk EVERYthing. WHILE the price was laddering down in 2025! Volatility and BTC tracking for MSTR was the key. Keeping an eye on Global Liquidity helped me have confidence BTC would go up. But MSTR has not followed suit, like it had, and it started after buying shares for $25...Now, I am holding at $18-21 and have half my shares at $25, which I would gladly dump if they break even. Also, BTC itself may not enjoy the 400% runups it used to. Makes HODL for MSTY a less-safe proposition due to share price erosion of covered call strategies.
MSTY So, for MSTY, we are trending down, slowly, towards EX day. On ex day, in pre-market, MSTY usually starts premarket 5--8% down from the previous day's close (that's how it pays us). I plan to add more shares at premarket open, hoping to get into the $19 range, or lower, if possible. Yes, I know one does not get paid divies on shares bought on EX, They are to be held for the next month. Will try to sell my $25 shares, if and when they break even. Keep the cheap ones, which are currently not under water.
MSTY Look at a month candle chart. Earlier this month, it was a healthy, fat, green candle, but now...the very thin spinning -top candle that July is forming, due to the selloff of MSTR, I think we will be lucky to get $1.30 a share for Jul 31 EX announce. Maybe $1.20. I think this is a MSTR selloff into earnings, which is also on July 31. Which, unless there's a run up before the 31st, will not boost this dividend.