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Owned by Joey

Investing JustJoey style

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Financial education on budgeting, credit, stock and crypto investing. Learn simple strategies for building wealth and improving your financial life.

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372 contributions to Investing JustJoey style
Happy 4th July weekend! 250 years of America
Here is my crew. Enjoy the celebration of this country. I know I will
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Happy 4th July weekend! 250 years of America
Trade I'm in today.
MSTX I bought 900 shares at 7.38 Sold 9 CC (covered calls) at 8.5 strike. Made $45/contract Expiration date July 10th (10 days away). I made $404 from $6,643 total in trade. That's 6% return from the option premium. I plan to hold these till expiration. When we sell options and take them till expiration, the premium is 100% guaranteed. What the price of the stock does after is not a guarantee. So if MSTX is at or above $8.5/share by next Friday I will $1,007 plus $404 premium which is 21.2% return. This is best case scenario. The share price can drop a fair amount but I am ok with my buy in price. I also pulled $150 out from the last trade into my bank account and I'm pull 25% of the premium out too. I have $1,250 more in the market and pulled out $250.
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I have a large position in MSTX
I took profits on 800 shares of MSTX I bought on June 25th and the 26th. Made $1121.72. I have no plans to sell the other 1500 shares I am holding anytime soon. My average is 9.43/share. 2x leverage products I don't recommend to everybody. You can't go wrong with Shares of MSTR. Also we have some MSTR news, they raised the dividend by 50 basis points on STRC to 12%. They also have put into place repurchasing programs, drastically strengthening the company credibility. MSTR is a good price under $250, great price under $200, steal under $150, under $100 I'd start selling non vital organs to buy this here. IMO
I have a large position in MSTX
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[attachments]
STRC
I'll help you understand what this product is.
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STRC
MSTR
Nothing has changed with the thesis on this company. No reason for the large price decline other than fear and uncertainty mixed with a crypto bear market. MSTR is a perfect example of a solid company that is misunderstood. Not too mention their STRC product had a large amount of people do a carry trade that was highly leveraged. Once the price fell it caused margin call, which in turn caused increased selling which leads to even more price drops. That is why STRC fell so far away from par at 100. So that caused even more fear for MSTR because their product looks horrible currently. It's the perfect storm of bad sentiment... but there is silver lining. We can buy shares on the cheap and take huge advantage of the next run up. I can't predict the future but I personally have ZERO worry that MSTR will get to new all time highs. That is 5x from here. 5x is well worth waiting and buying this fear! Keep stacking and I'll keep bringing the info you actually need to hear. BMNR same thing this price is a steel!
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Joey Shaw
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@joey-shaw-5796
I’m JustJoey you gotta get to know me

Active 2h ago
Joined Apr 12, 2025
Ohio