Nice. I'm cautiously optimistic. There is nothing out there to compare it to that I know of. No fund has all the options tools at their exposal that I'm aware of. It's looking good in the past couple of months. I want to really see how it performs when battle tested on a steep down market post 10/15.
Thanks for the video. I Love Ulty due to diversity and changes depends on market conditions (I suppose that). I have 1500 shares correspond to 45% of my portfolio
Use some of MSTY dividend to buy some ULTY. I think it will do well long run. Good review of ULTY, very helpful. As for KLIP, I would avoid as it deals with Chinese stocks. It hasn't done well at all. MSTY will make you rich in the long run.
Just got into ULTY. I believe YM has figured it out. It will recover the NAV. Next couple of payouts. 3000 shares @ 10.19 Last Friday. I'll turn of the drip, and just let it ride.
I hope so. The good thing I like about drip is that it pretty much buys it within a day or so from the ex dividend date depending on your broker. It automates it without thinking about it.
Thanks, yes ULTY has improved its performance and I'm rooting for it, but unfortunately it looks like it is still not able to recover from its latest payout. It closed on Nov 13 at $10.68 and payed out $0.83 but so far it has only recovered around 35 percent of that distribution and with only two more sessions until ex div date it doesn't look like it will make it. 😒
100% return is crazy. It's a recipe for huge loss of nav and reverse splits. Would be interesting if someone created one that retains minimum nav. They already decide the payout so why not use some of the profit (or lack theroff) to retain stable nav in net negative months?
Agreed! I'm kind of playing it by ear and leggings my way in if they keep proving themselves. I do wish they would recover a bit more. Say 80% would be a nice start imo.
I think the only way to play ULTY is to buy on the ex div date If you would’ve bought on each of the last three extra dates in September, your average price would be $10 so you would be slightly up on your position and you would’ve collected two distributions already
I just dont get how this fund should struggle ? It has all the options strategy, amazing diversity ,markets are in a tear half of the fund is crypto based and we are now in the biggest bull run record highs of bitcoin and it paid only 70 cents and the nav still hasnt recovered it makes no sense , im not sure what to buy next i have 5000 shares of ulty should i buy more or go for cony or msty? which are killing it , both are in ulty as well yet ,, , im confused
I hear you loud and clear. I also was a bit unhappy with the fund not coming back to around 10.68 or at least $10.50 prior to last ex dividend given the market conditions. Jay mentioned in a recent interview that the managers place in some loss mitigation such as collars. I imagine this can cost some of the premium and / or upside, I imagine. He also made a good point about implied volatility that has decreased recently relatively. There is a different risk to reward profile for going into the more strictly synthetic covered call/call credit spreads to this. All said, a 90+% is not bad as well imo granted if the funds remains within a range. There is nothing that I know out there to compare this to. I'm still planning on buying more shares today. We'll see next month. 😏
Bought 100 shares of ulty for the first time. I really like the collar approach and they're performing well finally.
Nice. I'm cautiously optimistic. There is nothing out there to compare it to that I know of. No fund has all the options tools at their exposal that I'm aware of. It's looking good in the past couple of months. I want to really see how it performs when battle tested on a steep down market post 10/15.
Thanks for the video. I Love Ulty due to diversity and changes depends on market conditions (I suppose that). I have 1500 shares correspond to 45% of my portfolio
Another great video,thanks
You bet!
Use some of MSTY dividend to buy some ULTY. I think it will do well long run. Good review of ULTY, very helpful. As for KLIP, I would avoid as it deals with Chinese stocks. It hasn't done well at all. MSTY will make you rich in the long run.
I also did the same. I used the dividends of MSTY and bought ULTY since MSTY is up. I agree with you about KLIP.
Just got into ULTY. I believe YM has figured it out. It will recover the NAV. Next couple of payouts. 3000 shares @ 10.19 Last Friday. I'll turn of the drip, and just let it ride.
I hope so. The good thing I like about drip is that it pretty much buys it within a day or so from the ex dividend date depending on your broker. It automates it without thinking about it.
Thanks, yes ULTY has improved its performance and I'm rooting for it, but unfortunately it looks like it is still not able to recover from its latest payout. It closed on Nov 13 at $10.68 and payed out $0.83 but so far it has only recovered around 35 percent of that distribution and with only two more sessions until ex div date it doesn't look like it will make it. 😒
100% return is crazy. It's a recipe for huge loss of nav and reverse splits.
Would be interesting if someone created one that retains minimum nav. They already decide the payout so why not use some of the profit (or lack theroff) to retain stable nav in net negative months?
Agreed! I'm kind of playing it by ear and leggings my way in if they keep proving themselves. I do wish they would recover a bit more. Say 80% would be a nice start imo.
Buying more.
Nice. I'm looking to buying more on the ex date date. 📅
I appreciate it brother
Thank you!
I think the only way to play ULTY is to buy on the ex div date
If you would’ve bought on each of the last three extra dates in September, your average price would be $10 so you would be slightly up on your position and you would’ve collected two distributions already
Agreed. The ex dividend date is an oppurtunistic time. It helps keep my yield on cost close to the yield or hopefully better.
I got 727 shares in my main account. I’m going to up my position more over the next few months
Same. Will keep adding over time if it keeps proving itself.
I just dont get how this fund should struggle ? It has all the options strategy, amazing diversity ,markets are in a tear half of the fund is crypto based and we are now in the biggest bull run record highs of bitcoin and it paid only 70 cents and the nav still hasnt recovered it makes no sense , im not sure what to buy next i have 5000 shares of ulty should i buy more or go for cony or msty? which are killing it , both are in ulty as well yet ,, , im confused
I hear you loud and clear. I also was a bit unhappy with the fund not coming back to around 10.68 or at least $10.50 prior to last ex dividend given the market conditions. Jay mentioned in a recent interview that the managers place in some loss mitigation such as collars. I imagine this can cost some of the premium and / or upside, I imagine. He also made a good point about implied volatility that has decreased recently relatively. There is a different risk to reward profile for going into the more strictly synthetic covered call/call credit spreads to this. All said, a 90+% is not bad as well imo granted if the funds remains within a range. There is nothing that I know out there to compare this to. I'm still planning on buying more shares today. We'll see next month. 😏
Why ULTY no go up?
Lol! That would be great!