I don't think so, you reached down?

What did you reach for with your left hand after the save?

No one knows where housing is going to be either, or how much M2 money supply is going to increase and devalue the dollar. Gotta put the money somewhere, keep it in cash and your guaranteed a loss in buying power.

Kill Tony, George Saliba, chess videos when it’s time for a nap, random fix it videos for whatever just broke, review videos.

There are definitely trade offs that could generate more return. I have a pmcc portfolio, I’m engaged with it everyday and it does fine. I want less volatility in this and don’t want much uncertainty that has to be actively managed.

Thanks, my top consideration for adjustments right now is that I am too heavy on IBIT (especially bc of the MSTR position) and SMCI. I think I'm going to reduce position 1 down to 1k ibit and 800 SMCI in position 2.

I do have a shorter duration cc strategy in a different account and to be honest, I don't want that kind of activity and income volatility out of this. I want it as passive and income reliable as possible. Essentially, a high yielding 1 year CD with a balance of upside and downside to the NAV.

I like it, thanks for sharing. Doesn't having the strike low increase the odds of the shares being called near the end when dividend snipers come looking? Can't say I've done all the math, but I've avoided writing near the money calls in the past on dividend stocks because of this.

Thanks for the feedback, here's why I'm comfortable with the position:

I own enough outside of this account that if it skyrockets I will not be mourning the loss of opportunity past the 50% upside I sold off.

As for going to 100, that would mean BOTH 1) the market forces MSTR into a 1x mnav. Below 1 mnav is not a concern of mine, I'll be buying much more if the market is giving a discount to their btc holdings and 2) bitcoin would have to have a significant correction (51k based on today's metrics). It could happen, but the tradeoff seems balanced and tolerable given it's only about 10% of the $250,000 (after deducting the premium I get right away).

I'm open to criticism if you think my logic is flawed.

Yeah I have an active account writing cc's, that's not where this money is headed.

I need the income coming in and shorter duration calls mean too many opportunities for a losing position or bag holding situation where I can't write because the strike would have to be too low. This is my attempt at a sort of a middle ground between real estate and cd's. Bump up the risk, then diversify and grab return right away to mitigate it.

Selling off the super big upside on positions 1,2, 3 and 5 in return for the guaranteed income. Position 4 is a more modest upside but lowers my risk because amazon is not as volatile. Position 6 is active to try and squeeze out some higher returns.

To be honest, position 6 is the one I'm questioning because it has the potential to be dead money if SMCI drops down significantly. Then I won't be able to extract the $24,000/yr I need without selling off shares (since starting cash in the account is only $14,000) or writing Position 6 at strikes below my cost basis.

Cool and your welcome.

Then you need exactly what he’s doing. Contact him on FB

OP either is Evan Wade or should reach out to him.

Correct, not a full quarter.

It was the 4 yard bullet passes at the receivers shoes.

And if mstr doesn’t go up, the dividend will help it hold value. If rates go down, strk could actually go up even if mstr goes down.

The convert option MSTR has when less than 25% remains is just administrative. I'll explain; When 75% of the shares are converted by STRK holders, then it means all STRK holders should have converted but some investors don't look at their investments very often. There are some people who could own STRK for years after they should've converted. This feature is simply so MSTR can force a conversion on those investors and close out the offering. Less than 25% doesn't mean actually 25%. In an event with majority converting, most likely it would be 1-3% of holders that didn't convert.

Personally, I don't think this will happen. I doubt we will ever see mass conversions. The 10:1 conversion feature is actually an unlimited call option. And just like an option contract, if the underlying security goes up in value, so will STRK. Meaning, if MSTR goes to 1,000 then STRK will likely be well over 100. And you wouldn't convert since STRK is worth more than 1/10th of MSTR. There is value in holding a perpetual 10:1 call option, that value would be premium in an option. It will be an increase to share price on this preferred. Example: A 3:1 call option contract that expires and becomes worthless in 5 months, costs about $6 per share today. I have no idea what a 10:1 option that lasts forever is worth, but I promise you if MSTR goes up then the 3:1 5 month contract will go up. And since the value of converting goes up when share price rises, then STRK will go up as well.

The conversion is available if less than 25% of the offering is left (if more than 75% of strk has has been called by holders then mstr can call the rest to close out the offering) or if some special tax law change provides an advantage.

You phrased it in your original post as if they can and will call them simply because the price of mstr is over $1,000. That's not accurate. What's more is that MSTR has significantly less motivation to call them if MSTR is over $1,000. The dividend become peanuts when the stock price goes up that much.

I've read those, I don't see where it says MSTR has a call option on STRK. Do you?

Can you point to something that says MSTR has a call option on these?

Funny, I’m also taking numbing injections for every game.

2+4 is 6 (first digit), 7 and 8 are going to give me an extra 1 to carry over so 7 is the first and the 5 that's left from 7+8=15 after I carried that 1 is the second digit. 75

But they still have to be connected? I thought the whole idea is that they don't need to be connected.

AD doesn’t deserve this, but the Mavs sure do.

Did I miss a rule change? Clock kept running after Saquon and Hurts both ran out of bounds on this drive.