MSTYYieldMaxOption-Income

as of Oct 12, 2026

Holdings

Options

AUM

$1.2B

Total Wt

0.0%

Net Flow 6d

+9.6%

Positionsas of 2026-10-12

86% covered14% uncovered100% held synthetically

Share of the $1.16B stock book with a call written against it, by value. Uncovered stock keeps all of its upside and pays no premium.

1 stocks14 option legs92% in T-bills & cash

1 positions

MSTR*all synthetic · 14 legs

7,596,500

$152.79

$1.16B

100.8%

—

86%

-0.2%

10/16/26 152.5 CWritten call4 DTE · opened 10/9 · ITM by 0.2%opened 10/9

-2,500

$5.90

-$1.48M

-0.13%

-0.2%

10/16/26 155 CWritten call4 DTE · opened 10/9 · 1.4% upside roomopened 10/9

-7,000

$4.70

-$3.29M

-0.29%

+1.4%

10/16/26 157.5 CWritten call4 DTE · opened 10/9 · 3.1% upside roomopened 10/9

-36,425

$3.65

-$13.30M

-1.16%

+3.1%

10/16/26 160 CWritten call4 DTE · opened 10/8 · 4.7% upside roomopened 10/8

-19,540

$2.82

-$5.51M

-0.48%

+4.7%

10/16/26 162.5 CLong call4 DTE · opened 10/9opened 10/9

+14,000

$2.10

$2.94M

0.26%

10/16/26 165 CLong call4 DTE · opened 10/9opened 10/9

+38,325

$1.66

$6.36M

0.55%

10/16/26 167.5 CLong call4 DTE · opened 10/12opened 10/12

+11,140

$1.20

$1.34M

0.12%

10/16/26 170 CLong call4 DTE · opened 10/12opened 10/12

+2,000

$0.99

$197.0K

0.02%

10/16/26 95 CSynthetic stock4 DTE

+900

$59.45

$5.35M

0.46%

10/16/26 95.01 PSynthetic stock4 DTE

-900

$0.04

-$3.2K

-0.00%

11/20/26 135 CSynthetic stock39 DTE

+40,450

$24.85

$100.52M

8.73%

11/20/26 135.01 PSynthetic stock39 DTE

-40,450

$4.82

-$19.49M

-1.69%

12/18/26 150.01 CSynthetic stock67 DTE · opened 10/9opened 10/9

+34,615

$19.82

$68.59M

5.96%

12/18/26 150.01 PSynthetic stock67 DTE · opened 10/9opened 10/9

-34,615

$14.11

-$48.84M

-4.24%

Treasury bills & notes5 lines

$717.96M

62.4%

Cash & money market2 lines

$339.66M

29.5%

* Includes synthetic shares — a long call and short put at the same strike and expiry, which behaves like owning 100 shares per contract. Market value shows the stock exposure, not the option premium.

Option ActivityFri, Sep 25 – Mon, Oct 12

22 expired · 15 opened · 10 spreads · 6 added · 5 reduced · 4 flipped · 4 synthetics · 3 other pairs · 3 rolls · 2 closed

Mon, Oct 12vs Fri, Oct 99 trades

AddedMSTR

165C 10/16/26 · long

165C 10/16/26 +32,325 (6,000 → 38,325)

32,325 ct

AddedMSTR

157.5C 10/16/26 · written

157.5C 10/16/26 -28,925 (-7,500 → -36,425)

28,925 ct

FlippedMSTR

160C 10/16/26 · written

160C 10/16/26 -24,540 (5,000 → -19,540)

24,540 ct

OpenedMSTR

167.5C 10/16/26 · long

167.5C 10/16/26 +11,140 (0 → 11,140)

11,140 ct

SpreadMSTR

10/09/26 160/167.5 call spread · credit · closed

160C 10/09/26 +9,400 (-9,400 → 0)167.5C 10/09/26 -9,400 (9,400 → 0)

9,400 ct

AddedMSTR

162.5C 10/16/26 · long

162.5C 10/16/26 +8,000 (6,000 → 14,000)

8,000 ct

PairMSTR

175C 10/09/26 + 152.5C 10/16/26 · equal size, no standard shape

175C 10/09/26 -2,500 (2,500 → 0)152.5C 10/16/26 +2,500 (-5,000 → -2,500)

2,500 ct

RollMSTR

165C 10/09/26155C 10/16/26· written

165C 10/09/26 +2,500 (-2,500 → 0)155C 10/16/26 -2,500 (-4,500 → -7,000)

2,500 ct

OpenedMSTR

170C 10/16/26 · long

170C 10/16/26 +2,000 (0 → 2,000)

2,000 ct

Fri, Oct 9vs Thu, Oct 816 trades

RollMSTR

95.01P 10/16/26150.01P 12/18/26· written

95.01P 10/16/26 +34,615 (-35,515 → -900)FLEX150.01P 12/18/26 -34,615 (0 → -34,615)FLEX

34,615 ct

RollMSTR

95C 10/16/26150.01C 12/18/26· long

95C 10/16/26 -34,615 (35,515 → 900)150.01C 12/18/26 +34,615 (0 → 34,615)FLEX

34,615 ct

ExpiredMSTR

172.5C 10/09/26 · long

172.5C 10/09/26 -19,500 (19,500 → 0)

19,500 ct

ReducedMSTR

165C 10/09/26 · written

165C 10/09/26 +12,000 (-14,500 → -2,500)

12,000 ct

ExpiredMSTR

177.5C 10/09/26 · long

177.5C 10/09/26 -9,975 (9,975 → 0)

9,975 ct

FlippedMSTR

160C 10/16/26 · long

160C 10/16/26 +8,000 (-3,000 → 5,000)

8,000 ct

ExpiredMSTR

170C 10/09/26 · written

170C 10/09/26 +6,975 (-6,975 → 0)

6,975 ct

OpenedMSTR

157.5C 10/16/26 · written

157.5C 10/16/26 -7,500 (0 → -7,500)

7,500 ct

PairMSTR

167.5C 10/09/26 + 162.5C 10/16/26 · equal size, no standard shape

167.5C 10/09/26 +6,000 (3,400 → 9,400)162.5C 10/16/26 +6,000 (0 → 6,000)

6,000 ct

OpenedMSTR

165C 10/16/26 · long

165C 10/16/26 +6,000 (0 → 6,000)

6,000 ct

OpenedMSTR

152.5C 10/16/26 · written

152.5C 10/16/26 -5,000 (0 → -5,000)

5,000 ct

SyntheticMSTR

11/20/26 135 synthetic long (stock exposure) · resized

135C 11/20/26 +5,500 (34,950 → 40,450)135.01P 11/20/26 -5,500 (-34,950 → -40,450)FLEX

5,500 ct

OpenedMSTR

155C 10/16/26 · written

155C 10/16/26 -4,500 (0 → -4,500)

4,500 ct

ExpiredMSTR

162.5C 10/09/26 · written

162.5C 10/09/26 +4,000 (-4,000 → 0)

4,000 ct

ReducedMSTR

160C 10/09/26 · written

160C 10/09/26 +3,500 (-12,900 → -9,400)

3,500 ct

PairMSTR

175C 10/09/26 + 167.5C 10/16/26 · equal size, no standard shape

175C 10/09/26 -3,000 (5,500 → 2,500)167.5C 10/16/26 -3,000 (3,000 → 0)

3,000 ct

Thu, Oct 8vs Wed, Oct 75 trades

FlippedMSTR

175C 10/09/26 · long

175C 10/09/26 +13,840 (-8,340 → 5,500)

13,840 ct

ClosedMSTR

182.5C 10/09/26 · long

182.5C 10/09/26 -9,840 (9,840 → 0)

9,840 ct

ClosedMSTR

180C 10/09/26 · long

180C 10/09/26 -4,000 (4,000 → 0)

4,000 ct

SpreadMSTR

10/16/26 160/167.5 call spread · credit · opened

160C 10/16/26 -3,000 (0 → -3,000)167.5C 10/16/26 +3,000 (0 → 3,000)

3,000 ct

SyntheticMSTR

11/20/26 135 synthetic long (stock exposure) · resized

135C 11/20/26 +3,000 (31,950 → 34,950)135.01P 11/20/26 -3,000 (-31,950 → -34,950)FLEX

3,000 ct

Show 7 earlier days

Wed, Oct 7vs Tue, Oct 62 trades

SpreadMSTR

10/09/26 160/167.5 call spread · credit · resized

160C 10/09/26 +1,000 (-13,900 → -12,900)167.5C 10/09/26 -1,000 (4,400 → 3,400)

1,000 ct

SyntheticMSTR

10/16/26 95 synthetic long (stock exposure) · resized

95C 10/16/26 -700 (36,215 → 35,515)95.01P 10/16/26 +700 (-36,215 → -35,515)FLEX

700 ct

Tue, Oct 6vs Fri, Oct 216 trades

ExpiredMSTR

162.5C 10/02/26 · written

162.5C 10/02/26 +26,815 (-26,815 → 0)

26,815 ct

ExpiredMSTR

165C 10/02/26 · written

165C 10/02/26 +25,400 (-25,400 → 0)

25,400 ct

ExpiredMSTR

170C 10/02/26 · long

170C 10/02/26 -20,875 (20,875 → 0)

20,875 ct

AddedMSTR

172.5C 10/09/26 · long

172.5C 10/09/26 +17,500 (2,000 → 19,500)

17,500 ct

ExpiredMSTR

172.5C 10/02/26 · long

172.5C 10/02/26 -14,500 (14,500 → 0)

14,500 ct

OpenedMSTR

160C 10/09/26 · written

160C 10/09/26 -13,900 (0 → -13,900)

13,900 ct

AddedMSTR

165C 10/09/26 · written

165C 10/09/26 -12,500 (-2,000 → -14,500)

12,500 ct

ExpiredMSTR

175C 10/02/26 · long

175C 10/02/26 -10,500 (10,500 → 0)

10,500 ct

OpenedMSTR

182.5C 10/09/26 · long

182.5C 10/09/26 +9,840 (0 → 9,840)

9,840 ct

OpenedMSTR

177.5C 10/09/26 · long

177.5C 10/09/26 +9,975 (0 → 9,975)

9,975 ct

OpenedMSTR

175C 10/09/26 · written

175C 10/09/26 -8,340 (0 → -8,340)

8,340 ct

OpenedMSTR

170C 10/09/26 · written

170C 10/09/26 -6,975 (0 → -6,975)

6,975 ct

ExpiredMSTR

167.5C 10/02/26 · long

167.5C 10/02/26 -6,340 (6,340 → 0)

6,340 ct

OpenedMSTR

167.5C 10/09/26 · long

167.5C 10/09/26 +4,400 (0 → 4,400)

4,400 ct

SpreadMSTR

10/09/26 162.5/180 call spread · credit · opened

162.5C 10/09/26 -4,000 (0 → -4,000)180C 10/09/26 +4,000 (0 → 4,000)

4,000 ct

SyntheticMSTR

10/16/26 95 synthetic long (stock exposure) · resized

95C 10/16/26 -3,500 (39,715 → 36,215)95.01P 10/16/26 +3,500 (-39,715 → -36,215)FLEX

3,500 ct

Fri, Oct 2vs Thu, Oct 15 trades

FlippedMSTR

167.5C 10/02/26 · long

167.5C 10/02/26 +10,840 (-4,500 → 6,340)

10,840 ct

ReducedMSTR

170C 10/02/26 · long

170C 10/02/26 -8,840 (29,715 → 20,875)

8,840 ct

ReducedMSTR

172.5C 10/02/26 · long

172.5C 10/02/26 -4,500 (19,000 → 14,500)

4,500 ct

ReducedMSTR

165C 10/02/26 · written

165C 10/02/26 +2,500 (-27,900 → -25,400)

2,500 ct

SpreadMSTR

10/09/26 165/172.5 call spread · credit · opened

165C 10/09/26 -2,000 (0 → -2,000)172.5C 10/09/26 +2,000 (0 → 2,000)

2,000 ct

Thu, Oct 1vs Wed, Sep 301 trade

SpreadMSTR

10/02/26 167.5/170 call spread · credit · resized

167.5C 10/02/26 +5,000 (-9,500 → -4,500)170C 10/02/26 -5,000 (34,715 → 29,715)

5,000 ct

Wed, Sep 30vs Tue, Sep 291 trade

SpreadMSTR

10/02/26 167.5/170 call spread · credit · resized

167.5C 10/02/26 +5,000 (-14,500 → -9,500)170C 10/02/26 -5,000 (39,715 → 34,715)

5,000 ct

Tue, Sep 29vs Mon, Sep 28no option trades

Mon, Sep 28vs Fri, Sep 2519 trades

OpenedMSTR

170C 10/02/26 · long

170C 10/02/26 +39,715 (0 → 39,715)

39,715 ct

OpenedMSTR

165C 10/02/26 · written

165C 10/02/26 -27,900 (0 → -27,900)

27,900 ct

OpenedMSTR

162.5C 10/02/26 · written

162.5C 10/02/26 -26,815 (0 → -26,815)

26,815 ct

SpreadMSTR

09/25/26 172.5/177.5 call spread · credit · closed

172.5C 09/25/26 +15,500 (-15,500 → 0)177.5C 09/25/26 -15,500 (15,500 → 0)

15,500 ct

AddedMSTR

172.5C 10/02/26 · long

172.5C 10/02/26 +15,000 (4,000 → 19,000)

15,000 ct

ExpiredMSTR

155C 09/25/26 · long

155C 09/25/26 -15,999 (15,999 → 0)

15,999 ct

ExpiredMSTR

141C 09/25/26 · long

141C 09/25/26 -11,750 (11,750 → 0)

11,750 ct

SpreadMSTR

09/25/26 142/148 call spread · credit · closed

142C 09/25/26 +10,000 (-10,000 → 0)148C 09/25/26 -10,000 (10,000 → 0)

10,000 ct

ExpiredMSTR

150C 09/25/26 · written

150C 09/25/26 +8,719 (-8,719 → 0)

8,719 ct

ExpiredMSTR

135C 09/25/26 · written

135C 09/25/26 +9,500 (-9,500 → 0)

9,500 ct

ExpiredMSTR

157.5C 09/25/26 · long

157.5C 09/25/26 -7,400 (7,400 → 0)

7,400 ct

ExpiredMSTR

149C 09/25/26 · written

149C 09/25/26 +5,000 (-5,000 → 0)

5,000 ct

ExpiredMSTR

144C 09/25/26 · written

144C 09/25/26 +4,450 (-4,450 → 0)

4,450 ct

ExpiredMSTR

147C 09/25/26 · written

147C 09/25/26 +2,920 (-2,920 → 0)

2,920 ct

ExpiredMSTR

136C 09/25/26 · written

136C 09/25/26 +2,250 (-2,250 → 0)

2,250 ct

ExpiredMSTR

146C 09/25/26 · written

146C 09/25/26 +2,000 (-2,000 → 0)

2,000 ct

ExpiredMSTR

152.5C 09/25/26 · written

152.5C 09/25/26 +1,810 (-1,810 → 0)

1,810 ct

SpreadMSTR

09/25/26 170/175 call spread · credit · closed

170C 09/25/26 +1,500 (-1,500 → 0)175C 09/25/26 -1,500 (1,500 → 0)

1,500 ct

ExpiredMSTR

165C 09/25/26 · long

165C 09/25/26 -1,500 (1,500 → 0)

1,500 ct

Built from contract counts, not weights — a price move can't show up as a trade. Changes of equal size on the same stock are paired: a roll closes one expiry and opens the next, a synthetic (long call + written put at one strike) is stock exposure, not two bets. Negative = written.

Strategy Effectiveness

Analyzing option strategy effectiveness…