When you buy MSTY you are just buying an instrument that trades options on MSTR and gives you a cut of the profits that’s about it.
right, but none of that matters if you look at the chart of total return over time, compared to MSTR
You can talk about what's going on under the hood (which is dog shit), but at the end of the day, the only thing that matters is the price action and the dividend payouts.
and if constantly drops or goes up anywhere from $10-40 swings in a day so is a perfect candidate to trade volatility on which is what this fund does.
Yeah, theoretically. But in practice, MSTY is dog shit. Again, you have all these magical ideas in your head of what MSTY does and how effective it is in implementing the covered call strategy
That's great. And it doesn't matter at all. Look at its actual performance.
I do wish more of the weekly sold calls were 10%+ OTM and would generate more premium, hopefully that gets tweaked
No, they won't do that. It's a yieldmax fund, so they sell at the money to generate huge yields.
Again, yieldmax is retarded. They are probably the worst out of all the companies that sell CCF style products
You don't need to take my word for it, or imagine ideas in your head of what's going on under the hood. Just look at comparison charts, comparing yieldmax to other CCFs. Yieldmax is dog shit
I feel like you're kinda just... fascinated with this idea of covered calls. And that's great. But it doesn't work in practice, and you should know that.
But you're retarded, so you let this fancy idea get in the way of real world results.
I’ll continue to hold my MSTY in an IRA and collect tax free divvies, simple as.
You would be far better off buying MSTR instead. Because yieldmax is dog shit, but MSTY is dog shit squared.
You are paying them for the privilege of making LESS money than just buying MSTR. I don't even like MSTR