MSTY Covered Call Called Away: Was It a Costly Mistake? 🤔💸 #MSTY #CoveredCalls #YieldMax #nvdy

In this video, I break down the details of a recent covered call I sold on MSTY that got called away on the ex-dividend date. Was this a costly mistake or a strategic move? 🤔 I also discuss how I reinvested the proceeds into other high-yield ETFs to maximize my portfolio's growth and dividend potential.

Whether you're learning about covered calls or exploring ways to reinvest for better returns, this video offers valuable insights into navigating options and dividend strategies with YieldMax ETFs.

📊 Key Points Covered:

What happens when a covered call is exercised.
Do you still get the dividend if shares are called away?
My thought process on selling covered calls and managing risks.
How I leveraged the gains to buy into other ETFs for long-term growth.
⚠️ Disclaimer: I’m not a financial advisor. This video is for entertainment purposes only. Always consult a professional before making financial decisions.

Hashtags:
#MSTY #YieldMax #CoveredCalls #DividendInvesting #HighYieldETFs #PassiveIncome #OptionsTrading #ETFInvesting #PortfolioGrowth #FinancialFreedom #InvestSmart #ReinvestingDividends #StockMarketTips #IncomeStrategy #WealthBuilding #nvdy #cony #msty #gme #rklb

Join this channel to get access to perks:

Buy purchasing anything below I earn a small affilliate comision. These are products I use daily.
My microphone:
My Drone:
My Laptop:
My Phone:
How I start every morning with Greens Plus:

[HealthandWealth-]

Support me by joining this channels memberships to get access to perks:

[STF]

Should have bought MSTY back this afternoon at $35!!

[charlesebarnes]

I sold all my MSTY after the last dividend when RH margin requirements doubled. It hampered my credit spreads on the SPY. I went into CONY after, then CONY increased margin to 35% from 30%.

[DuhIdiotMoney]

The North does not want Flagg. My deeply biased opinion as a Heels fan is, it'll be surprising if he even achieves decent starter status in the Association.

[henrim]

Back in October, I bought MSTU at $60 and sold Nov 15 $70 CC and pocketed $1, 500 in premium. Well ... MSTU flew above my strike price all the way to $300 today. Imagine how I feel. Thankfully I had other shares, but not that many more.

[TheOriginalKev]

Yeah, same situation here. I got notified that my shares were called away at 11pm on declaration day. Rule is that you must still own the shares at the close of the declaration day which is 4pm est. Maybe the notification time does not directly indicate the execution of the call. We will see, good luck.

[johndoe-uzgk]

I did a deep itm put for Dec. 20. Down right now, but I'm confident for next month

[PIIforever]

Hey Mike! I really enjoy your show. We’re not too far apart, I’m in Georgetown. I understood your 6 pillars of wealth, not sure I understand this move? Unless you really wanted to get out of MSTY?

[legoguyver]

A hedge gun shorted MSTR which caused the underlying to crash and then MSTY crashed big.

[kenj]

For all of us that didn't sell a covered call and just hold our MSTY shares, we thank you for selling a covered call and causing the crypto market to LOL

[LucasVanDuyn]

It was a very “stupid” day on the market. MSTY went down 6.03 and then when the market closed, the extended hours on msty was up by around 1.65

[Dougsellshouston]

This is reason I never did a covered call on msty, I would end it the very minute my calls got taken… 200.00 not worth losing the 1000.00 in dividends

[RichardAkin-qjxt]

If you did a Covered Call for MSTY as the seller you should have control of closing the position early not them. I never heard of that happening before!! If you buy shares before a funds ex-date and hold the shares at least until the next ex-date you will be guaranteed the dividend payment for that month.

[bad_financial_decisions-vl]

I am definitely not an expert, but I've had more luck with puts. I spent $500 moving my MSTY covered calls from $31 to $41. But between the premium and the last distribution those shares are completely paid for now 🥳.


I really like the leveraged MSTR's MSTX because I can write the strikes further out and still get decent premiums.

[dawnputs]

i got my msty called away also 33 and 35 sold some puts to collect some premium 900

[HumbledAnimeEnthusiast]

The length of this current MSTR bubble, and it’s eventual pop has me very nervous on the repercussions for MSTY long term.

[WoodUCreate]

You could have just bought out the covered call and kept the shares. You basically had appreciation, so you weren't losing anything at that time. Of course if you wanted to use the money for other things, that's a different thing. I bought another 600 shares on Margin just to get the quick appreciation yesterday. You even had the money from selling the CC (I see you bought rocket labs), you should have been ok since it just barely beat the option price.

[UrbanArtCentral]

I only have 100 shares and had a long covered call with a strike price of 37 which i received a tiny premium for, and boy, was I in cold sweat when the price reached 44. But I still have it thankfully.

[roberttorrance]

I made 4 covered calls on 4 nov for 8 Nov. All of them were called ! Dumbass me forgot about the election effect and they all went past the strike price by cob Wednesday 6 Nov. Got to consider event impacts (including ex dates) in my calls going forward 😇🙏

[LucasVanDuyn]

If anyone is investing in MSTR or MSTY for their presumed dividends, because there are places online where I seen MSTR paying a dividend of $10 and some places I don’t see any dividend payout, then my advice is besides doing covered calls, KEEP BUILDING UP and raise the dividend consistently and don’t worry too much on the dips in the market.