Transcription
You know how I always say that I'm not Nostradamus and I don't try to predict stocks and all that kind of thing? Well, yesterday, I am Nostradamus! I picked this stock, luckily. Look, I don't know whether the stock's going down or anything else; I play probabilities, so I don't try to guess. So, everybody that comments and tells me that MicroStrategy is going to go to 500 because it's listed on the QQQ or Bitcoin's going to crash, look, I don't care what you say. You guys are all noise.
What I do care about is probabilities. So, yesterday, at about when the stock was around here, 430, I was telling you that I'm not rolling my position up. Why? Because if I roll my position up, I lose all that in-the-money amount as cushion. Okay? And sure enough, as soon as I shut off the recording and we produced the video and sent it out to you guys, the stock dropped from, you know, what looks like the high of 437, which was not when I made it; it was like 429 or 430, and it dropped all the way down to here, right? Which is like 406, and then it closed at, you know, 410 or something like that. This morning, it went all the way down to 394.
Now, I have the 400 contracts, right? I have the 400 shorts. So, let me show you. Take a look here; you're seeing that I have these 400 that are short. Now, the juice has gone up to the highest spot because they're at the money right now. So, I've still got to wait for $1,337 worth of juice to come to me because it's right around 400. This stock is what, at 402 right now? It's going all over the place, right? So, I'm just kind of chilling, and I'm just waiting for Friday. When Friday comes, that 13's going to go to 12 and 11 and 10, 9, 8, 7, 6, 5, blast off, right? And I'm going to collect all that juice unless I decide to roll it earlier, which right now I can't because it's a lot of juice to buy back.
Right? That's like 7 times 1300; that sounds like about nine grand, something like that, to buy that. Why would I spend nine grand when all I got to do is wait three days? If I wait three days, I get the nine grand. Now, the risk is it goes under 400, but so what? Like, I've got the 250s that go out to June. Are you getting this? Right? I don't care about what happens this week because I'm just in this for collecting that juice.
And I get a couple of people are like, "Could you stop saying juice?" I like the fact that it's called juice. Is that a better word than extrinsic value? It sounds like a bunch of lawyers are writing all these words. I like juice because juice is a fun word, so I'm not going to stop saying it until all you guys understand that that's why we're trading this. If everybody that watches my videos goes, "I get it now; I understand it's all about the juice," then I'm going to go, "Well, I guess I'll start calling it extrinsic and be really proper." All right? But I'm not going to be proper for now because right now you're seeing that stock go from 430 all the way to 400. Now it's at 402, and right now, it's going to cost me a bunch of money to buy that juice back.
Now, if you remember right, I got 3137 per contract when I sold it last week. Okay? Well, this is a lot better than that. Look at the P&L open; it's $110,000. It's already come to me. I think I was expecting like 20-something thousand to come to me this week, so I'm just going to wait. Now, if this thing starts to go up and it's at 430 by Thursday or Friday, I might just take the early roll and move it out.
A lot of you are asking me, "Well, what happens if you get exercised?" Look, I'm not going to get exercised, guys. I mean, maybe I will, but it's such a rare thing to get exercised. If you are of the old mindset of trading covered calls, you think I'm going to get exercised. You're like, "Oh, it's above your strike price; you're going to get exercised." It just doesn't happen. This stock doesn't pay a dividend, which does increase your chances of exercise. This stock, you know, if they wanted to buy the stock from me, they wouldn't have bought the calls and paid me all the juice, right?
I think we're missing that. Like, why would you exercise the stock when you can just go control it with the calls? And that's what we're in this for. So, it's like you're mixing, you know, whoever's not getting this is mixing that up. So, I'm just trying to show you this is where the stock is right now. It's 9:49; it's at 402. Thankfully, I didn't roll up yesterday. Rolling up in a red market is a tough thing to do.
Now, I'm probably going to roll up my Teslas later because that thing just keeps taking off, and I got no juice. Let me just show you, and this is the MicroStrategy video, but I'll just show you this Tesla position. Look at how much juice is left in that—71 cents per share. That's, you know, $71 a contract or whatever it is, right? So, if I were to buy that back, yeah, I've already made—look at all the juice I made on this. I got $24.35 when I sold it. Maybe it was out of the money when I sold it, but if not, it was some in-the-money amount.
I actually think I got like $9 or $10 worth of juice because it was in the money, but now it's only worth 75, right? So, I'm going to roll that one, but I wouldn't roll this one with all that money left in there. I'm just going to wait for that to come to me because time is going to make that come to me. Time is my delivery man, right? That comes to me now, no matter what. I don't care if the stock goes down, goes up, or goes sideways; I'm getting all that $14 that you see on the screen by the arrow there. I'm getting that on Friday.
I hope you're starting to get this. This is a weird new funky way of thinking, and there are a lot of things that you do after you do the trade. That's why I'm just doing a little quick snippet every day—not every day, but every other day or so, whatever—just to kind of give you, "Hey, look, there's something weird going on. This is what I'm thinking. This is why I'm not doing anything on the 400 MicroStrategy call." I was Nostradamus; I got lucky, right? But I don't try to be Nostradamus. I don't try to pick the stocks and where they're going and all that kind of stuff because I have no idea, and neither do you. So, don't act like you know where MicroStrategy is going because you don't, and neither does Michael Saylor.
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