SMCY
YieldMax SMCI Option Income Strategy ETF
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\> My question is, (besides diversification) why wouldn’t everyone drop every penny they have in this for the div? Because it is a poor investment. The past 12 months SMCY would have lost you about 9%, while SMCI is only down about .3%. Stock dividends are not free money. If you have 100k invested, and get a 1k dividend, now you have 99k invested. You gained nothing.
The risk is you're giving up the money you'd have if you just invested in the NASDAQ 100 directly, rather than a fund that's selling options from holdings within that index. Very easy to see: https://totalrealreturns.com/s/JEPQ,QQQM Same concept with SMCY versus SMCI.
Could be a cheap entry point but it makes me nervous. I'm in SMCY and I'll be drowning my sorrows over the WE
Well I learned 4 lessons: 1) Diversify (I was mostly in 2 funds) 2) Diversify (It was two YieldMax funds, SMCY and MSTY) 3) Preserve Capital (I should have sold when it was 20% down, I held instead and rode it down...) 4) Don't use (much) margin. I was greedy and over-leveraged myself...then BOTH dropped 50%). And yes, Saylor is insane ...
Cheap calls on SMCY, MSTU, SPCE, and WEN
I own 900 thousand shares of ICON. They are doing a 1-40 reverse split on Tuesday April 1. This would mean my 900 thousand shares at 10 cents each will be 22,500 shares at 40 times the closing price Monday evening. Previously they were paying 9cents/share quarter as dividends, which times 40 should bring it to $3.40/share per quarter. That means my check in June should still be about $76,500 - the same that I originally calculated it to be before the reverse split. I am going to take my remaining $127,000 and purchase as many shares of ICON as I can tomorrow. A side note. I have 6,000 shares of SMCY which pays about $1.30/share every month. Next check is due April 11. If it is at least $7,000 - I do believe I can retire on this amount.
SMCY You can get 20000 shares and this past dividend you would have had income of nearly $40,000 from it. But those shares on the 12th, ex dividend date the 13th, payment the 14th
SMCI-fam, I hope you also made SMCX and SMCY plays! 
$SMCI $SMCY and $SMCI Calls. Broke Loose today, Upcoming Catalyst Feb 10 and giant catalyst Feb 24/25th.
SMCI held it's head above water this long. They'll be fine. This is all going to go through and it'll just fucking pop off for a few weeks once it does. Even if earnings, when the do come out, are anything close to what they were reporting when trading at $120/share it's gonna fly. I don't have SMCI but I do have SMCY so there is some bias. To me, it feels like a META situation. Not literally, but in the sense of just a massive multi-billion dollar company being too big to fail and given leniency to get their shit together, which they will. Then in a year everyone goes "damn, I should've bought the dip."
My last comment on SMCI. Feel free to yell and scream again, just make sure if you do, that you own up to being regarded, and post your loss porn. Accounting firms do NOT make a noisy retreat because of a difference of opinion, they would ON LY do it if something were illegal or had the appearance of being illegal. If they announced that they were leaving the way that they did, without a valid reason for doing so, it would be considered tortious business interference. EY would face a lawsuit they had no way of getting away from. It would be tantamount to professional suicide as well, as NO other company would want to work with an accounting firm that was a little whiny bitch. One major reason an accounting firm (or other professional firm) would want to make a noisy retreat, would be if they felt they would be considered complicit with the fraud if they continued. There is NO fucking way that this was a simple disagreement over what color crayons to use on the financial documents. As I see it, there are two choices; either EY committed tortious business interference and risked their reputation and future because of some friction with their client, or SMCI was doing something that EY was concerned with, and they were forced to walk away in a manner that would protect their firm, it's reputation, and avoid taking on legal liability. Between the two companies, I'm pretty sure I know who I would trust. Here's your warning. I sold my entire position of SMCY within an hour of the news breaking (thanks to a fellow regard who posted it). There are so many other plays out there, I think you should ask yourself if this is the hill you would like to die on to be "right"..
What happens to an ETF like SMCY when SMCI gets delisted. Seems like free money for the right play.
I broke even today, which is a fucking miracle. Tomorrow I am going to try not to get fucked in the ass again. Shout out to SMCI, I hope they nail your asses to the wall. Thank you to LLY, MSTY, and RDTE for making up for the $20,000 or so loss I would have had from SMCY.
Thankfully I sold 50% of my SMCY position yesterday. At least I saved myself $10K.
I'm not sure what to do today.. I bought 2,000 shares of BITO on Margin, bought 1DTE SPY calls, and am full port on MSTY, SMCY, YMAX, and other regarded YieldMax stuff that I bought at the last dip. My name is Ivan, I am a recovering Ghey Bear, and I have no idea what to do when my portfolio turns deep green.