Відео

They have to pay out 90% or more of their income to shareholders... This is end of the year distribution

Yes very nice.. but next distribution will be in February if they follow last year's schedule

Thanks, fixed .. that text is part of "code" so spell check doesn't pick it up

I don't do it because it makes no sense to me... By that logic, we can as well do total return since Tuesday 2 weeks ago... I wanted to compare since the inception of both

@@dripcalc no but you can do it since the change in the paperwork dont be a dicc when you talk to me

Wow congrats... That's a great price and position 😁😃 Are u selling covered calls on your shares? I think there will be 2nd DECEMBER payment, and no payment at the start of January, as was the case last year. Regardless its about 10 days difference...

Thanks 👍 Thing is - this video is no longer relevant, because a week after i made this, YBIT switched to IBIT options instead of BITO (which is a good thing and a fresh start)

Yes i do ... why?

Most likely because they have to pay 90% of earnings to investors

The January 2023 div was paid february 1 2023

Yes... But i don't track ULTY as It's like 300 positions and 20-30 daily trades... So i just have a few shares and see what happens....

Yes they already switched to IBIT.. So this video is not so relevant any more... But switch happened just last week... I will make a video on it soon

Yea... I like YMAX...

What strikes are you doing? And how far out? BTW, Bitcoin is down from $103K to $99 ... so BITO price also down a bit, and allows for better entry

@@dripcalc got it at 24.5 didn't get assigned oh wells

BITO overnight on Robinhood like $26.5

Unless it starts dropping again... But yea yield is very nice at current price, and NAV seems to have stabilized

NAV is a concern, even stabilised it's still going down

Not sure about king... But i do like it 🙂

Also should say ybit paid $1.22 dec 2nd with a $15 share price, give or take, and BITO is paying .9965 dec 8 at a roughly $25/share. The yield % difference is very different.

You are correct - BITO is not "income strategy ETF" ...

what language is that?

Lower than I expected with the price of BTC been sky rocket

Thx ... Not as much as I expected, but good amount nonetheless. And I did say it could be as low as $0.99 ...

@@dripcalc DIV + Cash-secured PUT + CoverCall is already insane for me in the past couple months for BITO 😁

@@roydencheung8029 there are 2 divs in decemember . exdate 12-23 (?)

Well they already announced - $0.9964 dividend... I guess 2nd December dividend will be alright 😃

Not so thrilled about it when I saw that earlier. It's ok..like they said, "You don't win them all" 🤑🤑🤑

Why? They have average daily volume 24000... I mean i can look, but my data provider doesn't even cover this stock

@dripcalc I think, correct me if I am wrong, but BTCI was trying to do something similar to BITO while capping the distribution to 1-1.25% and with the premium they earned toward buying more BTC holdings.

well it is $0.9964 ... Why do you say 2 is unrealistic?

Is it too low or too high?

Not bad 😁

That is incorrect. Here are the total dividends paid by both funds since YBIT inception, based on $10000 initial investment, and reinvesting dividends: BITO $4,016 YBIT $3,066 So BITO paid about 33% more in dividends per $1 invested ... not per share. See this table www.dripcalc.com/compare-etfs/bito/ybit/#perftable

Cheers... i hope these videos are useful. Do you have BITO or YBIT?

Do you have BITO or YBIT?

COIN will fluctuate up and down, and CONY will follow it... COIN has recovered a little, after going down to $270's ... and as I said in the video ... it may very well go to $400+ ... but i don't think currently fundamentals support that price... so buyer beware ... If BTC goes to $100K, COIN may very well get to $450 ... but i think within a year we may visit $100's again...

wait for correction to buy? COIN or CONY?

@dripcalc I personally bought in Cony at $20 so when it gets there I will probably sell and wait for msty to go down or put it into nvdy or plty.

i like BITX for selling PUTS 😉 ... never held it... it's too expensive here... if it goes back to $30, i will sell more puts.. but yes it is doing great right now!

Yea .. they should... we have about $5 NAV appreciation .. i am thinking $1.5 to $1.75 next payment I'm currently at $5.20 avg cost (after dividends and call options)

@@dripcalc totally agree 👍

YBTC - see the comparison: www.dripcalc.com/compare/bito/ybtc/ It's the same as YBIT in terms of strategy ... what's the point? If have BITO you COLLECT DIVIDENDS and can sell covered calls! With YBIT/YBTC you only earn from covered calls on BITO. But DO NOT collect BITO dividends. With BITO you get both xbty - don't know

BITO at $24 now... Will have a sweet dividend this month. I will make a prediction in a few days. Not an advice - but I'm not buying now... I was buying before elections 😁😎 I will be selling 2027 Covered Calls if or when it gets to $30+ Will make a separate video too about my covered calls strategy on BITO

Trying... But UA-cam does like my long form videos... 4 hours of recording & editing and under 100 views 😭

Distributions are monthly (if they make any money)

Here is my estimate video for October ua-cam.com/video/gQh10isADew/v-deo.html

I am not giving advice but i will not be doing that. I don't want to get locked into low-@$$ strike with measly premiums... For me it is like this - that $100/contract is less than latest dividend for 15 months commitment. I already made mistakes of selling calls early... I am waiting until BITO is $33+ to sell my calls .. yes i am missing in short term... But i have a stark reminder... I have 1 open call that i sold for $27 strike and then had roll ... At the time of rolling (march '24) this $34 call for Jan '25 cost $6... Now its $0.14 But because i was locked in and had to roll - i collected only $0.35 ... At this point i have only 3 calls that i sold on gamble shares ... Will wait... BTC will eventually pump

@@dripcalc Good points. MSTR's recent pump from $130 to $230 is a good reminder to not mess around with options on Bitcoin related ETFs.

Well I'm still going to sell calls.. im just waiting for BITO to run to around $28-30 before i sell long dated far out the money calls. Example - in March '24 a $34 strike call for Jan '25 was around $6... But because is sold calls 2 months prior, i only got $0.5 when I rolled... Don't want to repeat that mistake... So im waiting. NOT FINANCIAL ADVICE 😁