Posted by DividendGuy67 > 3 hours ago | Report Abuse

Hmmn ... just notice typo on MSTR strike - it's $460, not $360. Basically, if MSTR price does not expires higher than $460 by end next week, I keep $480 as profit ... I do have MSTR shares and this is my way of getting MSTR to pay me a very high "synthetic dividend" every week/fortnight. Here, the dividend rate is 4.6 / 380 ~ 1.2% for a bit longer than a week, and the dividend rate varies depending on what I think the market is going to do ... e.g. if I think MSTR shares are going to fall, then, I may consider writing ATM Covered Call or even slightly ITM Covered Call for protection and receive much higher dividend, and vice versa - I go far away if I think the underlying is bullish and here, I go not longer than 1 week or so. This is dangerous for newbies, but is routine for me due to thousands of trade practices over many years. I share here because there will be some very clever readers who will get what I just written and this hopefully will accelerate their own learning journey to become financially independent!