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General Markets Talk

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Jimmy the Ghost said:
Has anybody had a look at MSTY ?

It’s a fund that exists by selling covered calls on MSTR. I don’t care for MSTR as an asset, but the premium from selling these calls turns into a near 10% monthly dividend …. Yes, you read that right.

stockanalysis.com

MSTY Dividend History, Dates & Yield

Get the latest dividend data for MSTY (YieldMax MSTR Option Income Strategy ETF), including dividend history, yield, key dates, growth and other metrics.
stockanalysis.com stockanalysis.com

MSTY has an annual dividend of $30.25 per share, with a yield of 128.59%. The dividend is paid every month and the last ex-dividend date was May 8, 2025.

Current share price is around $23.00

Of course this is highly volatile, and in fact, it only exists because because the underlying asset is extremely volatile - after all, MSTR holds btc as its primary asset.
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Covered calls work great in bull markets, ok in flat markets... and can be diabolical in bear markets.

It does work a bit better in the US where there is far more liquidity and much smaller spreads than in Oz.
 
Mofra said:
Covered calls work great in bull markets, ok in flat markets... and can be diabolical in bear markets.

It does work a bit better in the US where there is far more liquidity and much smaller spreads than in Oz.
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Yep - I definitely wouldn’t do it here with oz stocks

I used grok over the past few days while travelling to write myself a python program to sell weekly covered calls based on my current holdings. I won’t be able to test it till I get home in 1 month.

I have designed it to only sell the calls if the strike prices are above my purchase price.

I will start with a low vol stock first.

But I will try the msty approach too
 
ALX may be worth a watch for the dividend strippers.
Infrastructure so counts as a semi-defensive play (noting ongoing market uncertainty).
 

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Jimmy the Ghost said:
Getting worse - one of our biggest export markets is in deep trouble


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Iron ore yields are front page news on the AFR too.
US dipped overnight but in the current environment that's no indicator of trend. VIX may have bottomed for the near future though.
 
Mofra said:
Iron ore yields are front page news on the AFR too.
US dipped overnight but in the current environment that's no indicator of trend. VIX may have bottomed for the near future though.
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Vix is very interesting - Given JGB and US bond yields are moving up.

I know they are not empirically correlated ofc.
 
Nvidia results out after Wednesday market close US time. Will make for an interesting response either way
 
Mofra said:
Nvidia results out after Wednesday market close US time. Will make for an interesting response either way
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Need to see if the US politicians have been buying… they seem to be the ones who know in advance

Edit - found them, but they may not be current


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US Court ruling re: tariffs certainly set the cat asking the pigeons.

Not sure I'm comfortable adding to any position now except a little more Gold. Larger investment firms predicting $3500, $4000 (USD) gold prices.
 
Probably should be more patient but topped up on PLS @ $1.25
Mofra said:
US Court ruling re: tariffs certainly set the cat asking the pigeons.

Not sure I'm comfortable adding to any position now except a little more Gold. Larger investment firms predicting $3500, $4000 (USD) gold prices.
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After it being such a meh position for like 4 years it's great to finally be right and absolutely clean up on Gold.
 
Think the defining area on the US500 is around 5745.

If it sinks below there, then 5600-5625 is in play.

6000 seems to be pretty firm resistance.

I'm inclined to think we get to 5745 before going higher.

I've put in a US500 6025/5615 short strangle expiring 30/6/25 - decay means high chance (71%) of profit by expiring, assuming I don't sell first (which I probably will).
 

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Mofra said:
Not sure I'm comfortable adding to any position now except a little more Gold. Larger investment firms predicting $3500, $4000 (USD) gold prices.
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I'm kind of surprised the greenies haven't really gone after gold mining. I mean after pillaging the earth for it what's actually used in industry, something like 10%? The rest sits in vaults or on people's bodies as decoration lol.
 
Mofra said:
US Court ruling re: tariffs certainly set the cat asking the pigeons.

Not sure I'm comfortable adding to any position now except a little more Gold. Larger investment firms predicting $3500, $4000 (USD) gold prices.
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Hard to no how the Supreme Court rules on the Tarifs, there biggest risk is they give a narrow ruling that provides no comfort to the market.
 
Kram said:
I'm kind of surprised the greenies haven't really gone after gold mining. I mean after pillaging the earth for it what's actually used in industry, something like 10%? The rest sits in vaults or on people's bodies as decoration lol.
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Agreed, if you’re going live that outraged life (while ignoring the benefits), I’d assume gold is first in the firing line.

It’s likely a combination of the location of the mines and the size, less footprint / careless location.
 
sabre_ac said:
Agreed, if you’re going live that outraged life (while ignoring the benefits), I’d assume gold is first in the firing line.

It’s likely a combination of the location of the mines and the size, less footprint / careless location.
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The carbon footprint and the overall tonnage is much much much lower, although depending on the leeching it can be pretty damaging.
Processed commodities vs bulk commodities it's the processing that's messy. Hence Lynas put their plant in a very politically- friendly part of Malaysia.

Lihir (RIP) in PNG used to run all their electrics off geothermal, quite a bit of the IP went to NZ for their grid.
 
MVF smashed, potential ST play for those inclined to back a rebound story.

I'm still wary of the markets. US has been flat with just the Mag-7 driving recent gains.
 

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US senators buying up defence stock the past two days

Long oil in play?
 
OOO

It's the West Texas price, but I do like my ETFs.
 

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