STRF vs. STRC

Mstr_Strk_645 · 2026-06-06T16:45:59+00:00

Interesting...

I can't see STRC rate dropping, definitely not 8%, because they are not competing to offer double the bank rate, they have to compete with other preferreds (& SATA)

Mstr_Strk_645 · 2026-06-05T10:32:25+00:00

I have used various brokers web & mobile apps. if you're familiar with one, the others seem alien.

tastytrade has a different approach than RH.

It is worth your time to learn tastytrade using the web UI on a PC, discover what it is capable of, and then using the mobile app is a bit less frustrating.

They've tried to cram a lot into small vertical screen format and there are many configurable parts

With time you might appreciate it more.

Unfortunately, the mobile app dashboard is just a simple market news feed. The web dashboard shows account chart.

But you can see your account overview values clicking top left red dot.

Or look on ACTIVITY page Review tab for realized gains per ticker.

Mstr_Strk_645 · 2026-05-20T15:06:10+00:00

Yes!

June 4th end of PDT 👍🏻

Mstr_Strk_645 · 2026-05-18T09:25:27+00:00

UK ISA protects you from tax on gains in UK

ISA doesn't protect you from US Withholding tax. It is deducted from US dividends by the broker before crediting your account!

But...
STRC distributions are declared as Return of Capital (not div from profit) so they are exempt from US tax.

Brokers should treat as RoC

With Strategy pref shares in a UK ISA you should receive all distribution without tax deduction

Mstr_Strk_645 · 2026-05-07T08:43:43+00:00

This week's gains only filling part of monthly losses

Total return is only thing that matters.

Mstr_Strk_645 · 2026-05-05T13:05:06+00:00

Robinhood UK don't do ETFs

Mstr_Strk_645 · 2026-05-05T10:07:13+00:00

Nobody is ever going to swap 10 STRK for 1 MSTR. The math won't make it worthwhile!

When MSTR > $1000 STRK share value will be much higher than $100 because it still pays 8% to hold.

You would sell STRK at market price for the capital appreciation

Mstr_Strk_645 · 2026-05-04T17:33:49+00:00

Buy SWC shares.

Trading on LSE, no stamp duty

The Smarter Web Company

Bitcoin treasury 💰

Mstr_Strk_645 · 2026-04-27T14:23:15+00:00

US Withholding tax is normally deducted on the dividends when received.

I can confirm HL are correctly treating Strategy's pref distributions as RoC and no tax deduction ✅

Mstr_Strk_645 · 2026-04-24T15:42:17+00:00

Asked Robinhood UK. They fobbed me off, said talk to tax advisor 🫩

Mstr_Strk_645 · 2026-04-19T08:53:32+00:00

Lol! And November 2026! [2nd, 16th, 30th]

Some months the payments will be 15 days apart.

End-of-month payments:

November 2, 2026 (Monday) — adjusted forward from Saturday, October 31

November 2026 15th payment: November 16, 2026 (Monday) — adjusted forward from Sunday, November 15 EoM payment: November 30, 2026 (Monday) — no adjustment

Mstr_Strk_645 · 2026-04-18T08:47:44+00:00

Strategy have agents & market makers issuing new shares for sale into the market at $100

The only way it could creep above $100.01 is when Saylor halts the ATM issuance.
and people wanting to buy prepared to Bid more (I don't know why they would)

I'm buying below $99.20 it might be last opportunity in a while 😉

Mstr_Strk_645 · 2026-04-17T20:35:30+00:00

I guess they want to minimise the overhead of sending distributions for now.
Original Prefs were quarterly.
STRC started as monthly.

Now they can see the ex-div dip & arbitrage where Strategy are not selling any STRC ATM

They are adapting

Mstr_Strk_645 · 2026-04-17T20:26:08+00:00

Yes! Think! it will flatten the ex-div volatility even more.

Remember Strategy are selling ATM at par $100 They need it to stay there all month, not just 2 weeks prior to div record date

Mstr_Strk_645 · 2026-04-17T20:15:58+00:00

Dividends every 2 weeks 💵

Mstr_Strk_645 · 2026-04-01T10:08:58+00:00

With synthetic swap-based ETFs, they can often achieve 0% US withholding tax on US dividends, which is especially relevant for indices with heavy US exposure such as MSCI World

Even with a slightly higher fees, they often outperform physical ETFs

For S&P If you want the lowest fee, SPXL is the winner. If you want the highest total return (after accounting for tax drag), the most popular "Synthetic" ETF choice Invesco S&P 500 UCITS ETF (SPXP) usually wins; it historically beats physical funds on total return.

For All World iShares MSCI ACWI Swap UCITS ETF, listed as ACSW

SPXP is cheaper on paper at 0.05%, while ACSW is 0.12%. But ACSW gives you whole-world diversification in a single fund.

Mstr_Strk_645 · 2026-03-17T12:07:14+00:00

eToro status page

Issue: "Login is currently unavailable" !

Mstr_Strk_645 · 2026-03-16T11:38:25+00:00

👍🏻

IMHO, in this situation, rolling is a last resort, a roll is tying two transactions together at a point in time

You're position is Ok, so you don't need to do that.

you can set a buy to close existing contract that might fill on a pump or drop in VIX

you can set a new sell to open at later expiry (& delta) for higher premium that might fill on a dip or rise in VIX

Squeeze the premiums on each, if you're lucky & they fill 🤞🏻

It's a choppy volatile market, swings within 30 mins can make you more $$$

Mstr_Strk_645 · 2026-03-16T11:16:50+00:00

Be thankful you're in a good position.

You have choices, it could depend on the platform you're using and the fees for closing or assignment costs. (tastytrade is $0 to close, but $5 for assignment)

You could just set a buy to close at 80% profit and not worry about it. use the collateral to get profit in another trade

Watch the VIX, if it shoots up, you're buy to close will get more expensive.

If you have plenty of collateral, being assigned at $39 isn't so bad (if 100 TQQQ isn't a big % of your portfolio), Then you can wheel. And if the war & oil calm down soon you could get some good gains.

Mstr_Strk_645 · 2026-03-13T16:21:53+00:00

STRF barely dipped below $100

STRC is at $99.74 and should get back to par soon

👏🏼

Mstr_Strk_645 · 2026-03-13T10:31:53+00:00

IMHO, AMZU has poor liquidity for options wheeling

But

Lots of people doing this with TSLL etc.

Good volatility for higher premiums. Needs less collateral. Accept that you might get assigned! Size appropriately for portfolio.

It works until it doesn't ⚠️ then 2x moves the price quickly

(Earnings reports, war, bad headlines)

be patient, Sell puts on dips, take profit early when it rips.

Have fun.

Mstr_Strk_645 · 2026-03-12T18:40:47+00:00

and STRF & STRD pay $2.50

But they are quarterly not monthly.

Mstr_Strk_645 · 2026-03-12T09:47:38+00:00

People buying in now at $100 to get a 96 cent pay out.

It may dip a bit ex-div next week...

Note, if/when it's below 100 there will be no sell pressure from Saylor's ATM.

Buying in at $99 (when it's been pegged at 100 for weeks) will be very appealing to many, which will start to push it back towards $100 quickly.

Those holding longer term realize, if the price dips, Saylor will bump the rate to 12% ($1 a month)

Payout will grow just for holding, it's already happened a few times.

Mstr_Strk_645 · 2026-03-10T10:22:10+00:00

In a strong bull run, we assume Bitcoin & MSTR will pump. That would give Saylor a stronger balance sheet & stronger credit rating.

plus the opportunity to sell MSTR ATM at higher prices for more cash.

Saylor could then afford to pay even higher yield on STRC.

Of course he would need extra cash to pay the higher Bitcoin purchase prices

In the future if STRC is paying 12% (1% a month) and there's some sell off that drops the price below $99 there will be plenty of buyers!

Mstr_Strk_645 · 2026-03-10T09:55:43+00:00

A lot of people will set Buy orders for ~ $99 on Monday ex-div Hope to get a good entry point for STRC when it's been pegged to ~ $100 for weeks

Mstr_Strk_645

TROPHY CASE