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[@HermesLux](/creator/twitter/HermesLux)
"After the first two months of its existence $MSTW is still the worst performer dividends included against $MSTR (-1.28%) $MSTY (-6.28%) and $BTC (-20.62%). I've been saying that we need to see how MSTW performs in a MSTR bullish move to conclude whether MSTW is a good investment. I am inclined to think that MSTW will outperform all three in a bull market. We'll be finding out very soon by EoY"  
[X Link](https://x.com/HermesLux/status/1971548569367695573) [@HermesLux](/creator/x/HermesLux) 2025-09-26T12:13Z 13.3K followers, 6670 engagements


"I really like that $MSTW is buying short duration leveraged XX delta long calls every week but they could improve their ETF return by selling XX DTE XX deltas. I don't see how $MSTY will be able to beat this ETF's total return but the weekly payout is a proprietary formula that don't have access to. Time will tell which fund is better overall"  
[X Link](https://x.com/HermesLux/status/1956884270992998573) [@HermesLux](/creator/x/HermesLux) 2025-08-17T01:02Z 13.3K followers, 7436 engagements


"The next $MSTY div is scheduled to be announced on 8/27 payable on 8/29. There's a very real possibility we could see its first monthly dividend $1/share (5.8%). I'm estimating $MSTW's next weekly dividend announcement this FRI to be about $0.86/share (2.34%)"  
[X Link](https://x.com/HermesLux/status/1957849671549829238) [@HermesLux](/creator/x/HermesLux) 2025-08-19T16:58Z 13.3K followers, 2757 engagements


"MSTR buys another XXX BTC; now holds 638985 BTC. $MSTR ATM = $0M / XXX% $STRK ATM = $17.3M / XX% $STRF ATM = $34.0M / XX% $STRD ATM = $16.9M / XX% $STRC ATM = $0.0M / XXX% Total ATM = $68.2M / 100%"  
[X Link](https://x.com/HermesLux/status/1967561281759584288) [@HermesLux](/creator/x/HermesLux) 2025-09-15T12:08Z 13.3K followers, 37.8K engagements


"I don't think the shorts are paying attention here. As soon as metaplanet announces their $X billion purchase the stock price will jump nearly XX% based on net asset value alone"  
[X Link](https://x.com/HermesLux/status/1968772910765560132) [@HermesLux](/creator/x/HermesLux) 2025-09-18T20:23Z 13.3K followers, 40.7K engagements


"MSTR buys another XXX BTC; now holds 639835 BTC. $MSTR ATM = $80.6M / XX% $STRK ATM = $0M / XXX% $STRF ATM = $19.4M / XX% $STRD ATM = $0.0M / XXX% $STRC ATM = $0.0M / XXX% Total ATM = $100.0M / 100%"  
[X Link](https://x.com/HermesLux/status/1970097266363883589) [@HermesLux](/creator/x/HermesLux) 2025-09-22T12:06Z 13.3K followers, 8896 engagements


"Owning $MSTR shares and selling XX DTE 10-delta covered calls is more profitable than owning $MSTY. But if you don't want to sell covered calls yourself then consider owning $MSTW which is still more profitable than owning MSTY"  
[X Link](https://x.com/HermesLux/status/1970506011783098599) [@HermesLux](/creator/x/HermesLux) 2025-09-23T15:10Z 13.3K followers, 15.1K engagements


"I'm initiating an OUTPERFORM rating on the following tickers over the next XX months: $MSTR $MTPLF $MSTW $ASST $NAKA $MARA $IREN $SQNS $STRD $STRF $STRK"  
[X Link](https://x.com/HermesLux/status/1970552169326600383) [@HermesLux](/creator/x/HermesLux) 2025-09-23T18:13Z 13.3K followers, 12.8K engagements


"MSTR buys another XXX BTC; now holds 640031 BTC. $MSTR ATM = $116.4M / XX% $STRK ATM = $0M / XXX% $STRF ATM = $11.3M / X% $STRD ATM = $0.4M / XXX% $STRC ATM = $0.0M / XXX% Total ATM = $128.1M / 100%"  
[X Link](https://x.com/HermesLux/status/1972643538522214876) [@HermesLux](/creator/x/HermesLux) 2025-09-29T12:44Z 13.3K followers, 9656 engagements


"I didn't realize $ASST would drop XX% when I wrote this X days ago but here we are. $SMLR essentially flat in the same time"  
[X Link](https://x.com/HermesLux/status/1972697393733718516) [@HermesLux](/creator/x/HermesLux) 2025-09-29T16:18Z 13.3K followers, 6095 engagements


"Josh would like to see Bitcoin close at $117777.77 today but don't ask why"  
[X Link](https://x.com/HermesLux/status/1973349980783124934) [@HermesLux](/creator/x/HermesLux) 2025-10-01T11:31Z 13.3K followers, 38.1K engagements


"The premium we get for selling options increases for two reasons: (1) Implied Volatility increases (2) the stock price increases Example: If we leave the delta (10) the same for the calculation: (A) a stock trading at $350/share will have a call option premium of $357/contract at the $XXX strike (10); XX IV. (A.2) if the stock trading at $350/share increases its IV to XXX from XX the new XX is the $XXX strike yielding $470/contract. (B) if the same stock trades at $500/share it will have a call option premium of $530/contract at the $XXX strike; XX IV. (B.2) if the stock trading at $500/share"  
[X Link](https://x.com/HermesLux/status/1973397294323061086) [@HermesLux](/creator/x/HermesLux) 2025-10-01T14:39Z 13.3K followers, 4075 engagements


"MSTR drops XX% while Bitcoin remains flat but at least BPS increases. This is why I sell covered calls. I am more concerned about implied volatility. The stock will eventually recover"  
[X Link](https://x.com/HermesLux/status/1973884765402247560) [@HermesLux](/creator/x/HermesLux) 2025-10-02T22:56Z 13.3K followers, 8524 engagements


"The benefits of Bitcoin-derived implied volatility"  
[X Link](https://x.com/HermesLux/status/1973897008235876397) [@HermesLux](/creator/x/HermesLux) 2025-10-02T23:44Z 13.3K followers, 4962 engagements


"Limit up on open. Metaplanet $MTPLF 3350"  
[X Link](https://x.com/HermesLux/status/1974989358995489041) [@HermesLux](/creator/x/HermesLux) 2025-10-06T00:05Z 13.3K followers, 19K engagements


"$STRC is going to be a major game changer"  
[X Link](https://x.com/HermesLux/status/1975171833490989560) [@HermesLux](/creator/x/HermesLux) 2025-10-06T12:10Z 13.3K followers, 40.1K engagements


"Predictions Is it possible to predict the future Most people would say no. Does human consciousness play a larger role in the events that come to pass Perhaps. Is it possible to predict the price of Bitcoin at any give point in time months or years in advance I think we all know this answer. There is an idea that is discussed among learned professors of human consciousness that the brain is not predicting the future as much as it is creating it. Human consciousness may predict future events through precognition a phenomenon where individuals access non-local information beyond linear time."  
[X Link](https://x.com/HermesLux/status/1975388118250308078) [@HermesLux](/creator/x/HermesLux) 2025-10-07T02:30Z 13.3K followers, 5128 engagements


"In Schwab you can short sell $STRC at market use the funds to buy $MSTR or $IBIT to capture the yield on the spread difference after paying out the monthly dividends on STRC and with no real adverse impacts on portfolio liquidation risk. You effectively get to do the same thing as @Strategy wherein you borrow by selling STRC paying out 10%/year and use the funds to buy whatever you want. The caveat is that the shares may be hard to borrow for shorting but for now it seems to work. I put a limit order in at $XXXXX just to verify it does in fact work"  
[X Link](https://x.com/HermesLux/status/1975538927495782767) [@HermesLux](/creator/x/HermesLux) 2025-10-07T12:29Z 13.3K followers, 29.6K engagements


"I can't quite put my finger on it but it seems like it might be one of those profitable covered call days:"  
[X Link](https://x.com/HermesLux/status/1975579693375189212) [@HermesLux](/creator/x/HermesLux) 2025-10-07T15:11Z 13.3K followers, 126.4K engagements


"BTCTCs IV / IV percentiles"  
[X Link](https://x.com/HermesLux/status/1975582879431467385) [@HermesLux](/creator/x/HermesLux) 2025-10-07T15:23Z 13.3K followers, 2998 engagements


"The mind of a new MSTR Covered Call seller: ➡MSTR trading at $325: "I'm going to start selling covered calls today" ➡1 week later -- MSTR trading at $300: "I'm a genius Time to roll out" ➡1 week later -- MSTR trading at $280: "This is the easiest money I ever made. Time to roll out again" ➡1 week later -- MSTR trading at $330: "OMG I'm going to lose my shares" ➡1 week later -- MSTR trading at $360: "I'm never selling covered calls again." ➡1 week later -- MSTR trading at $400: "I'm pissed I'm going to lose my shares. may as well take the loss. I'll close out tomorrow." ➡The next day -- MSTR"  
[X Link](https://x.com/HermesLux/status/1975590046871830907) [@HermesLux](/creator/x/HermesLux) 2025-10-07T15:52Z 13.3K followers, 13.8K engagements


"Dylan's words are both accurate and helpful here. If you don't like where the train is going then you should get off at the next station--No hard feelings. Some people just aren't cut out for generational wealth and the ride it takes to get there"  
[X Link](https://x.com/HermesLux/status/1975673512816681003) [@HermesLux](/creator/x/HermesLux) 2025-10-07T21:24Z 13.3K followers, 38.3K engagements


"SpaceX holds 8285 BTC"  
[X Link](https://x.com/HermesLux/status/1975693627889225993) [@HermesLux](/creator/x/HermesLux) 2025-10-07T22:44Z 13.3K followers, 17.7K engagements


"I didn't realize just how many people were upset about Metaplanet selling equity for Bitcoin below 3x mnav. I always viewed this guidance as overly optimistic knowing very well that they were going to have to sell equity well below 3x mnav; selling any equity over 1x mnav to buy Bitcoin is a winning trade in my opinion"  
[X Link](https://x.com/HermesLux/status/1975722443797930063) [@HermesLux](/creator/x/HermesLux) 2025-10-08T00:38Z 13.3K followers, 22.3K engagements


"Sometimes being right isn't as fun"  
[X Link](https://x.com/HermesLux/status/1975748070697566699) [@HermesLux](/creator/x/HermesLux) 2025-10-08T02:20Z 13.3K followers, 4449 engagements


"Today is a good day to make money"  
[X Link](https://x.com/HermesLux/status/1975917737756217457) [@HermesLux](/creator/x/HermesLux) 2025-10-08T13:34Z 13.3K followers, 3686 engagements


"Bitcoin is up XXX% month-to-date"  
[X Link](https://x.com/HermesLux/status/1975949441816514818) [@HermesLux](/creator/x/HermesLux) 2025-10-08T15:40Z 13.3K followers, 2308 engagements


"MTPLF mNAV = XXXX MSTR mNAV = 1.38"  
[X Link](https://x.com/HermesLux/status/1975951712784642406) [@HermesLux](/creator/x/HermesLux) 2025-10-08T15:49Z 13.3K followers, 42.9K engagements


"Today $NVDA is up the equivalent of 740806 BTC"  
[X Link](https://x.com/HermesLux/status/1975988373715042716) [@HermesLux](/creator/x/HermesLux) 2025-10-08T18:15Z 13.3K followers, 8217 engagements


"So you own XXX shares or a multiple of XXX shares of MSTR and you sold your first XX deltas last week; what now The stock is running and your XX deltas are now XX deltas-- ➡Roll up and out closely matching the deltas (20 for 20) which will be at a higher strike for a credit. The stock is about flat and your XX deltas are now 9-11 deltas-- ➡Roll out to the same strike or up and out closely matching the deltas (9 for 10) which will be at the same or higher strike for a credit. Don't roll to a strike lower than the XX. The stock is falling and your XX deltas are now X deltas-- ➡If you have more"  
[X Link](https://x.com/HermesLux/status/1975991818962509859) [@HermesLux](/creator/x/HermesLux) 2025-10-08T18:28Z 13.3K followers, 20.3K engagements


"But AI is def not in a bubble"  
[X Link](https://x.com/HermesLux/status/1975992314028777707) [@HermesLux](/creator/x/HermesLux) 2025-10-08T18:30Z 13.3K followers, 3752 engagements


"Boring days are still good days for covered calls"  
[X Link](https://x.com/HermesLux/status/1976000857096253800) [@HermesLux](/creator/x/HermesLux) 2025-10-08T19:04Z 13.3K followers, 5273 engagements


"mNAV The idea that ticker sentiment should push mNAV well over two is an idea that has merit. However for this merit to be realized a proof of concept is required. To date no company not even @Strategy has provided a proof of concept to reassure markets and shareholders that valuing mNAV is a credible metric worth considering in the valuation of companies or the prices of their stocks. I believe this will change. As soon as the first Bitcoin treasury company provides a proof of concept a proof of work if you will that holding Bitcoin as an asset on the balance sheet of the company provides"  
[X Link](https://x.com/HermesLux/status/1976025599312384329) [@HermesLux](/creator/x/HermesLux) 2025-10-08T20:43Z 13.3K followers, 37.9K engagements


""The internet is just a passing fad." "Theres no chance that the iPhone is going to get any significant market share." Steve Ballmer former Microsoft CEO 2007 "Television wont last because people will soon get tired of staring at a plywood box every night." Darryl Zanuck 20th Century Fox 1946 "The Americans have need of the telephone but we do not. We have plenty of messenger boys." Sir William Preece British Post Office 1878 "This telephone has too many shortcomings to be seriously considered as a means of communication." Western Union internal memo 1876 "The idea of a personal communicator"  
[X Link](https://x.com/HermesLux/status/1976028251329044695) [@HermesLux](/creator/x/HermesLux) 2025-10-08T20:53Z 13.3K followers, 7503 engagements


"@romanrytov @Strategy I think the prefs are going to have to get rated by the credit rating agencies before they can gain any significantly meaningful traction. Before this happens I think mstr will have to get added to the S&P XXX. That's just my guess"  
[X Link](https://x.com/HermesLux/status/1976039104157786334) [@HermesLux](/creator/x/HermesLux) 2025-10-08T21:36Z 13.3K followers, XXX engagements


"BTCTCs: M&A When companies go through a merge or acquisition the company getting acquired goes up in value and the company doing the acquiring goes down in value in terms of real dollars along with the share price of the stock. The idea behind this is that over time this acquisition will result in additional income to the acquiring company. There are countless examples of this. When a Bitcoin treasury company acquires Bitcoin it works very similar to another business acquisition. The difference is that Bitcoin does not produce income inherently thus shareholders should expect a delay in the"  
[X Link](https://x.com/HermesLux/status/1976246994965283069) [@HermesLux](/creator/x/HermesLux) 2025-10-09T11:22Z 13.3K followers, 5527 engagements


"MTPLF mNAV = XXXX MSTR mNAV = 1.37"  
[X Link](https://x.com/HermesLux/status/1976283258192355555) [@HermesLux](/creator/x/HermesLux) 2025-10-09T13:47Z 13.3K followers, 17.4K engagements


"Selling smart covered calls and managing them correctly is like being the unflappable casino house pocketing the profits off degen bets from eager gamblers betting on incredibly low odds of a payout while you pocket the vig XXXX out of a 100"  
[X Link](https://x.com/HermesLux/status/1976326812214206847) [@HermesLux](/creator/x/HermesLux) 2025-10-09T16:40Z 13.3K followers, 3679 engagements


"Previously @Saylor famously said "There is no second best" so he decided to make one: $STRC"  
[X Link](https://x.com/HermesLux/status/1976332716707844369) [@HermesLux](/creator/x/HermesLux) 2025-10-09T17:03Z 13.3K followers, 12.1K engagements


"In the past XX days $NVDA is up the equivalent of 864576 BTC assuming a BTC price of $120000"  
[X Link](https://x.com/HermesLux/status/1976338682367107431) [@HermesLux](/creator/x/HermesLux) 2025-10-09T17:27Z 13.3K followers, 5675 engagements


"By rolling XX DTE XX deltas every week the expiration date never arrives and assignment is virtually non-existent"  
[X Link](https://x.com/HermesLux/status/1976360023983870328) [@HermesLux](/creator/x/HermesLux) 2025-10-09T18:52Z 13.3K followers, 10.2K engagements


"I've seen this exact same pattern X days in a row now. Batches of roughly $XXX million in multiple billions in Bitcoin being transferred from unknown wallets to unknown wallets obviously some major institutional transferring happening perhaps the ETFs or some other unknown entity"  
[X Link](https://x.com/HermesLux/status/1976381742844887076) [@HermesLux](/creator/x/HermesLux) 2025-10-09T20:18Z 13.3K followers, 3721 engagements


"MSTW announces a weekly dividend of $0.836939/share. This represents a XXXX% return on today's closing price of 30.28"  
[X Link](https://x.com/HermesLux/status/1976449768332329254) [@HermesLux](/creator/x/HermesLux) 2025-10-10T00:48Z 13.3K followers, 5371 engagements


"I'm vexed that the US would so easily buy $20B in Argentinian peso rather than buy BTC. I like Milei and what he stands for but I mean come on"  
[X Link](https://x.com/HermesLux/status/1976476849208427009) [@HermesLux](/creator/x/HermesLux) 2025-10-10T02:36Z 13.3K followers, 8838 engagements


"This is an extremely rational and logical thought from Josh. If we know anything from history it's that the markets are never rational. They are efficient; and they seek to remove any edge. The bottom is in"  
[X Link](https://x.com/HermesLux/status/1976648723573899676) [@HermesLux](/creator/x/HermesLux) 2025-10-10T13:59Z 13.3K followers, 12.9K engagements


"Covered calls are on fire today"  
[X Link](https://x.com/HermesLux/status/1976715111822684301) [@HermesLux](/creator/x/HermesLux) 2025-10-10T18:23Z 13.3K followers, 3951 engagements


"NVDA is down 1188461 BTC today at a BTC price of 117000"  
[X Link](https://x.com/HermesLux/status/1976728990074519792) [@HermesLux](/creator/x/HermesLux) 2025-10-10T19:18Z 13.3K followers, 2418 engagements


"Probably a good time to buy Bitcoin"  
[X Link](https://x.com/HermesLux/status/1976729899890323916) [@HermesLux](/creator/x/HermesLux) 2025-10-10T19:21Z 13.3K followers, 5416 engagements


"Between the MSTR ATM program and Trump's tariffs this is a covered call market"  
[X Link](https://x.com/HermesLux/status/1976730270029025458) [@HermesLux](/creator/x/HermesLux) 2025-10-10T19:23Z 13.3K followers, 5481 engagements


"This is why"  
[X Link](https://x.com/HermesLux/status/1976759320273408215) [@HermesLux](/creator/x/HermesLux) 2025-10-10T21:18Z 13.3K followers, 18.9K engagements


"Hard bounce incoming"  
[X Link](https://x.com/HermesLux/status/1976760398515667103) [@HermesLux](/creator/x/HermesLux) 2025-10-10T21:23Z 13.3K followers, 7429 engagements


"That's funny"  
[X Link](https://x.com/HermesLux/status/1976770644835811641) [@HermesLux](/creator/x/HermesLux) 2025-10-10T22:03Z 13.3K followers, 8972 engagements


"We should probably get our powder ready for when Bitcoin falls back under $109k. Could be soon"  
[X Link](https://x.com/HermesLux/status/1976821616752706006) [@HermesLux](/creator/x/HermesLux) 2025-10-11T01:26Z 13.3K followers, 13.6K engagements


"$192M profit in just a few days. This has to be one of the most profitable short term trades ever"  
[X Link](https://x.com/HermesLux/status/1976839750125601205) [@HermesLux](/creator/x/HermesLux) 2025-10-11T02:38Z 13.3K followers, 16.3K engagements


"Great news for the military. Trump figured out a way to pay the salaries of military members while the government is shutdown"  
[X Link](https://x.com/HermesLux/status/1977081663663530093) [@HermesLux](/creator/x/HermesLux) 2025-10-11T18:39Z 13.3K followers, 5936 engagements


"First order filled @ $109900. Three to go"  
[X Link](https://x.com/HermesLux/status/1977131662082556285) [@HermesLux](/creator/x/HermesLux) 2025-10-11T21:58Z 13.3K followers, 10.2K engagements


"Intellectually deficient people think the issue is the lack of taxes when in reality the issue is how much tax the government inflicts on its citizens thereby suppressing wages and wealth across the board. We know well what socialist and communist countries look like in today's modern economy but we haven't seen what a free market economy looked like since the age of the Renaissance and prior to the first Central Bank. If the majority of politicians were really good people they would be fighting to get rid of central banks and taxes but they aren't; they're just ignorant at best and corrupt"  
[X Link](https://x.com/HermesLux/status/1977379040714469763) [@HermesLux](/creator/x/HermesLux) 2025-10-12T14:21Z 13.3K followers, 8622 engagements


"Climbing back up"  
[X Link](https://x.com/HermesLux/status/1977471427142963511) [@HermesLux](/creator/x/HermesLux) 2025-10-12T20:28Z 13.3K followers, 5606 engagements


"What's going on here @PunterJeff"  
[X Link](https://x.com/HermesLux/status/1977786610943996401) [@HermesLux](/creator/x/HermesLux) 2025-10-13T17:20Z 13.3K followers, 25.4K engagements


"This is funny Pio. Just had an idea for you. With "Letterkenny" in mind write a skit with recurring characters but focused on Bitcoin and the crypto industry. It could be amazing and there's so much material in the crypto industry you could use. I'll post a couple clips below"  
[X Link](https://x.com/HermesLux/status/1977883307036594608) [@HermesLux](/creator/x/HermesLux) 2025-10-13T23:45Z 13.3K followers, 1286 engagements


"How a typical interview goes with @saylo: Interviewer: For the audience can you just provide a basic explanation and perhaps an analogy for Bitcoin and how it works @saylor: (quick deep sigh) uh yah imagine if you will a fuselage of a spacecraft an intricately engineered exoskeletal cocoon serving as a decentralized structural ledger analogous to Bitcoins blockchain orchestrating the containment of volatile payloads and life-sustaining atmospheric protocols under extreme extraterrestrial conditions. Its multifaceted composite lattice interwoven with thermal-resistant cryptographic alloys"  
[X Link](https://x.com/HermesLux/status/1977891820861542528) [@HermesLux](/creator/x/HermesLux) 2025-10-14T00:18Z 13.3K followers, 19.7K engagements


"I'm buying more today"  
[X Link](https://x.com/HermesLux/status/1978045916881002860) [@HermesLux](/creator/x/HermesLux) 2025-10-14T10:31Z 13.3K followers, 47.7K engagements


"MTPLF mNAV = XXXX MSTR mNAV = 1.49"  
[X Link](https://x.com/HermesLux/status/1978046307202924801) [@HermesLux](/creator/x/HermesLux) 2025-10-14T10:32Z 13.3K followers, 20.1K engagements


"Directional probabilities from grok that a company that owns over 30000 Bitcoin and trades less than its market value of those bitcoin: XX% probability the stock will go up: Given the significant discount to Bitcoin holdings and a pristine balance sheet market revaluation or activist intervention is likely to drive appreciation over time supported by analyst price targets substantially above current levels (e.g. average 12-month targets around 1900-2500 JPY from a current XXX JPY). XX% probability the stock will go down: Short-term technical indicators suggest a sell signal and recent 12%"  
[X Link](https://x.com/HermesLux/status/1978058127481229756) [@HermesLux](/creator/x/HermesLux) 2025-10-14T11:19Z 13.3K followers, 7919 engagements


"Bought more $STRC this morning"  
[X Link](https://x.com/HermesLux/status/1978077341717762326) [@HermesLux](/creator/x/HermesLux) 2025-10-14T12:36Z 13.3K followers, 5683 engagements


"I placed an order for more $MTPLF at $XXXX. It filled at open"  
[X Link](https://x.com/HermesLux/status/1978091341096620149) [@HermesLux](/creator/x/HermesLux) 2025-10-14T13:31Z 13.3K followers, 13.1K engagements


"Jane Street"  
[X Link](https://x.com/HermesLux/status/1978144279051616367) [@HermesLux](/creator/x/HermesLux) 2025-10-14T17:02Z 13.3K followers, 4655 engagements


"BTC to $125k+ by XX OCT"  
[X Link](https://x.com/HermesLux/status/1978152797112500502) [@HermesLux](/creator/x/HermesLux) 2025-10-14T17:35Z 13.3K followers, 20.8K engagements


"CORRECTION: $130k by Halloween"  
[X Link](https://x.com/HermesLux/status/1978155327020298413) [@HermesLux](/creator/x/HermesLux) 2025-10-14T17:45Z 13.3K followers, 13.7K engagements


"I can't say for sure but in hindsight the XX deltas may also have worked out; the XX deltas would not have"  
[X Link](https://x.com/HermesLux/status/1978172000246857810) [@HermesLux](/creator/x/HermesLux) 2025-10-14T18:52Z 13.3K followers, 4947 engagements


"@LeadingReport @grok what are these rules and why dont they want to sign"  
[X Link](https://x.com/HermesLux/status/1978186587511964068) [@HermesLux](/creator/x/HermesLux) 2025-10-14T19:50Z 13.3K followers, 12.6K engagements


"@LeadingReport That violates the US Constitution. Individual States can authorize illegals to vote in local elections but they are not allowed to vote in federal elections. This is a significant problem"  
[X Link](https://x.com/HermesLux/status/1978201169534025865) [@HermesLux](/creator/x/HermesLux) 2025-10-14T20:48Z 13.3K followers, 5749 engagements


"I'm going to use the fact below to state that BTC will touch $133875 not too long after the Fed cuts rates on 10/29/25. This number is XXXX% higher than the BTC ATH"  
[X Link](https://x.com/HermesLux/status/1978229897597210820) [@HermesLux](/creator/x/HermesLux) 2025-10-14T22:42Z 13.3K followers, 12.6K engagements


"@gerovich Send it"  
[X Link](https://x.com/HermesLux/status/1978249384450986413) [@HermesLux](/creator/x/HermesLux) 2025-10-14T23:59Z 13.3K followers, 4969 engagements


"Beware of cooking oil crashes. They may be few in number but they are sudden"  
[X Link](https://x.com/HermesLux/status/1978257249383371045) [@HermesLux](/creator/x/HermesLux) 2025-10-15T00:30Z 13.3K followers, 5160 engagements


"MTPLF mNAV = XXXX MSTR mNAV = 1.40"  
[X Link](https://x.com/HermesLux/status/1978259490454589670) [@HermesLux](/creator/x/HermesLux) 2025-10-15T00:39Z 13.3K followers, 50.8K engagements


"You know what's never happened before in Bitcoin history BTC ETFs + BTCTCs + a pro BTC administration + a multi-year Fed Rate lowering cycle"  
[X Link](https://x.com/HermesLux/status/1978268621827629256) [@HermesLux](/creator/x/HermesLux) 2025-10-15T01:16Z 13.3K followers, 9178 engagements


"A work in progress"  
[X Link](https://x.com/HermesLux/status/1978279357169680781) [@HermesLux](/creator/x/HermesLux) 2025-10-15T01:58Z 13.3K followers, 11.5K engagements


"Are you tired of winning yet"  
[X Link](https://x.com/HermesLux/status/1978285597954290113) [@HermesLux](/creator/x/HermesLux) 2025-10-15T02:23Z 13.3K followers, 10.6K engagements


"Now that Metaplanet $MTPLF is trading around 1x mNAV we can reason that further compression is either unlikely or would not be sustained very long. The ticker's primary downward catalyst is now mostly the price of BTC. Once the prefs come out we should expect to see mNAV expansion once again perhaps sooner. My mNAV target for Metaplanet is the same as MSTR currently 1.44x. MSTR is the benchmark for all other BTCTCs to track"  
[X Link](https://x.com/HermesLux/status/1978470879198666862) [@HermesLux](/creator/x/HermesLux) 2025-10-15T14:39Z 13.3K followers, 14.4K engagements


"MSTR is now up XX% YoY"  
[X Link](https://x.com/HermesLux/status/1978490465394577634) [@HermesLux](/creator/x/HermesLux) 2025-10-15T15:57Z 13.3K followers, 12.2K engagements


"MSTR is flat/down YTD"  
[X Link](https://x.com/HermesLux/status/1978490684265972027) [@HermesLux](/creator/x/HermesLux) 2025-10-15T15:58Z 13.3K followers, 6594 engagements


"BTC appreciation Phase X and the credit rating agency rating the prefs; no dates for any of these. $MSTR"  
[X Link](https://x.com/HermesLux/status/1978500311221182710) [@HermesLux](/creator/x/HermesLux) 2025-10-15T16:36Z 13.3K followers, 6333 engagements


"I don't view S&P inclusion as a major catalyst for $MSTR suddenly soaring to new highs. I realize I differ from others on this issue; hence why I sell covered calls the way I do. History decides who is correct; not analysts"  
[X Link](https://x.com/HermesLux/status/1978504839618265408) [@HermesLux](/creator/x/HermesLux) 2025-10-15T16:54Z 13.3K followers, 8246 engagements


"It's just like Christmas but without any green"  
[X Link](https://x.com/HermesLux/status/1978510569209524490) [@HermesLux](/creator/x/HermesLux) 2025-10-15T17:17Z 13.3K followers, 9394 engagements


"If I owned a bank I'd be doing something similar but taking all the deposits and dumping them into $STRC and pocketing the spread difference"  
[X Link](https://x.com/HermesLux/status/1978511770013642889) [@HermesLux](/creator/x/HermesLux) 2025-10-15T17:22Z 13.3K followers, 23.1K engagements


"Hey @saylor I got another idea for a credit product; Offer CDs at X% with a $XXX minimum. Also will you be announcing the "Strategy Bank" vision at the next earnings on 10/30 It's going to take a while anyways so you may as well give the shareholders a sneak peak of what the future could look like for @Strategy"  
[X Link](https://x.com/HermesLux/status/1978514249333809270) [@HermesLux](/creator/x/HermesLux) 2025-10-15T17:32Z 13.3K followers, 28.5K engagements


"Bank with @Strategy"  
[X Link](https://x.com/HermesLux/status/1978523042956353873) [@HermesLux](/creator/x/HermesLux) 2025-10-15T18:07Z 13.3K followers, 13.5K engagements


"If you're upset about this price action just remember when you buy Bitcoin yourself your checking account balance goes down. In time your assets will appreciate and when they do you can generate income on those assets if invested and managed properly"  
[X Link](https://x.com/HermesLux/status/1978559190793625680) [@HermesLux](/creator/x/HermesLux) 2025-10-15T20:30Z 13.3K followers, 6446 engagements


"You wouldn't need to sell Bitcoin when you can take a loan against it"  
[X Link](https://x.com/HermesLux/status/1978563835922395328) [@HermesLux](/creator/x/HermesLux) 2025-10-15T20:49Z 13.3K followers, 5098 engagements


"Properly executed and managed MSTR covered calls (or cash secured puts) buying real estate for rental income"  
[X Link](https://x.com/HermesLux/status/1978564385665691993) [@HermesLux](/creator/x/HermesLux) 2025-10-15T20:51Z 13.3K followers, 7799 engagements


"It's coming isn't it"  
[X Link](https://x.com/HermesLux/status/1978566231411110188) [@HermesLux](/creator/x/HermesLux) 2025-10-15T20:58Z 13.3K followers, 20.9K engagements


"MTPLF mNAV = XXXX MSTR mNAV = 1.40"  
[X Link](https://x.com/HermesLux/status/1978647733004128301) [@HermesLux](/creator/x/HermesLux) 2025-10-16T02:22Z 13.3K followers, 16.6K engagements


"MSTR surges back over $XXX pre-market"  
[X Link](https://x.com/HermesLux/status/1978790859291152664) [@HermesLux](/creator/x/HermesLux) 2025-10-16T11:51Z 13.3K followers, 24.6K engagements


"@EdwardMcKernan i'm inclined to think by the end of October"  
[X Link](https://x.com/HermesLux/status/1978795864681300353) [@HermesLux](/creator/x/HermesLux) 2025-10-16T12:11Z 13.3K followers, XXX engagements


"I wish I could use AI to find and organize past conversations I've had"  
[X Link](https://x.com/HermesLux/status/1978802152249135194) [@HermesLux](/creator/x/HermesLux) 2025-10-16T12:36Z 13.3K followers, 2243 engagements


"Regional Banks continue to tumble on "broader credit concerns". If only they had a Strategy ank"  
[X Link](https://x.com/HermesLux/status/1978839288545468590) [@HermesLux](/creator/x/HermesLux) 2025-10-16T15:03Z 13.3K followers, 4403 engagements


"There is blood in the streets"  
[X Link](https://x.com/HermesLux/status/1978865352550285646) [@HermesLux](/creator/x/HermesLux) 2025-10-16T16:47Z 13.3K followers, 29.1K engagements


"FL = The Sunshine & Bitcoin State"  
[X Link](https://x.com/HermesLux/status/1978870109046239624) [@HermesLux](/creator/x/HermesLux) 2025-10-16T17:06Z 13.3K followers, 8082 engagements


"@Alpha_Profits @sunny051488 we'll see after the first week. but if it goes higher the ticker price goes lower and lower without chance of recovery"  
[X Link](https://x.com/HermesLux/status/1978874519243887039) [@HermesLux](/creator/x/HermesLux) 2025-10-16T17:23Z 13.3K followers, XXX engagements


"looking forward to be done with coinbase"  
[X Link](https://x.com/HermesLux/status/1978898856973684861) [@HermesLux](/creator/x/HermesLux) 2025-10-16T19:00Z 13.3K followers, 15.1K engagements


"@Welovefinanceha By selling all your Bitcoin"  
[X Link](https://x.com/HermesLux/status/1979004070833615091) [@HermesLux](/creator/x/HermesLux) 2025-10-17T01:58Z 13.3K followers, XXX engagements


"@BillAckman @ZohranKMamdani Leaders are consistent"  
[X Link](https://x.com/HermesLux/status/1979011148398616934) [@HermesLux](/creator/x/HermesLux) 2025-10-17T02:26Z 13.3K followers, XXX engagements


"Well that didn't last long. MTPLF mNAV now = XXXX So the price just went up"  
[X Link](https://x.com/HermesLux/status/1979013101241377256) [@HermesLux](/creator/x/HermesLux) 2025-10-17T02:34Z 13.3K followers, 12.9K engagements


"Did you buy any Bitcoin today"  
[X Link](https://x.com/HermesLux/status/1979015588287492167) [@HermesLux](/creator/x/HermesLux) 2025-10-17T02:44Z 13.3K followers, 9080 engagements


"Bought more MTPLF today with the MSTR covered call premiums"  
[X Link](https://x.com/HermesLux/status/1979189196716720222) [@HermesLux](/creator/x/HermesLux) 2025-10-17T14:14Z 13.3K followers, 7536 engagements


"@JesseKobernick Preferred shares are a measure of the common so by increasing the amount of preferred shares in circulation without adding any additional Bitcoin to the balance sheet the preferred shares would get diluted"  
[X Link](https://x.com/HermesLux/status/1979286858455732429) [@HermesLux](/creator/x/HermesLux) 2025-10-17T20:42Z 13.3K followers, XXX engagements


"$MSTW vs $MSTY vs $MSTR vs $BTC 25-day update"  
[X Link](https://x.com/HermesLux/status/1957484491431190915) [@HermesLux](/creator/x/HermesLux) 2025-08-18T16:47Z 13.3K followers, 6142 engagements


"Metaplanet's Project Nova -- A "Theory" Project Nova is most likely a Bitcoin-focused prime brokerage service tailored for institutional and high-net-worth clients in Japan and globally. This would position Metaplanet as a comprehensive financial infrastructure providerhandling custody execution lending OTC trading and derivativeswhile addressing the market inefficiencies they've encountered in their massive Bitcoin acquisitions. @gerovich's Goldman Sachs derivatives experience directly translates to building a prime brokeroffering bundled services like secure custody (reducing third-party"  
[X Link](https://x.com/HermesLux/status/1973953670820548628) [@HermesLux](/creator/x/HermesLux) 2025-10-03T03:30Z 13.3K followers, 79.2K engagements


"@grok @chcbearsfan Grok how much principle would you have remaining on that same $94000 invested in MSTY"  
[X Link](https://x.com/HermesLux/status/1974190719285014691) [@HermesLux](/creator/x/HermesLux) 2025-10-03T19:12Z 13.3K followers, XXX engagements


"MSTR will recover; short-term degen MSTR option lotto tickets probably won't. This is why we sell the XX DTE XX delta covered calls and roll weekly to match deltas for a credit"  
[X Link](https://x.com/HermesLux/status/1975645096444883319) [@HermesLux](/creator/x/HermesLux) 2025-10-07T19:31Z 13.3K followers, 16K engagements


"I don't do videos but I did do this tutorial to explain how I would go about selling covered calls on $MSTR if I used Robinhood"  
[X Link](https://x.com/HermesLux/status/1976256630502408648) [@HermesLux](/creator/x/HermesLux) 2025-10-09T12:01Z 13.3K followers, 18.9K engagements


"I am not exiting $MSTR as long as the IV remains high. The absolute perfect trade for Covered Call sellers is a stock that maintains a high IV while remaining flat. MSTR is now flat since 11/11/2024"  
[X Link](https://x.com/HermesLux/status/1976316907272745399) [@HermesLux](/creator/x/HermesLux) 2025-10-09T16:00Z 13.3K followers, 17.8K engagements


"MTPLF mNAV = XXXX MSTR mNAV = 1.36"  
[X Link](https://x.com/HermesLux/status/1976677808211743085) [@HermesLux](/creator/x/HermesLux) 2025-10-10T15:54Z 13.3K followers, 116.4K engagements


"$ASST is sitting at $700M market cap after hours. That's like a weekly ATM for @saylor"  
[X Link](https://x.com/HermesLux/status/1976849855676137805) [@HermesLux](/creator/x/HermesLux) 2025-10-11T03:18Z 13.3K followers, 4301 engagements


"MSTR buys another XXX BTC; now holds 640250 BTC. $MSTR ATM = $0M / X% $STRK ATM = $1.7M / XXX% $STRF ATM = $19.8M / XXXX% $STRD ATM = $5.8M / XXXX% $STRC ATM = $0.0M / XXX% Total ATM = $27.3M / 100%"  
[X Link](https://x.com/HermesLux/status/1977710350507130956) [@HermesLux](/creator/x/HermesLux) 2025-10-13T12:17Z 13.3K followers, 17.7K engagements


"Here's the video that we did. Huge thanks to @piovincenzo_ and team for putting this together for us. Would love to know what you all think"  
[X Link](https://x.com/HermesLux/status/1977745576872571348) [@HermesLux](/creator/x/HermesLux) 2025-10-13T14:37Z 13.3K followers, 19.5K engagements


"To be clear in the XX DTE XX Delta strategy that I discuss frequently "10 Delta" is only the entry point of the strategy. The management of it is a system that takes some getting used to if you are not familiar with rolling short calls. There are many variations that you could employ similar to what I discuss but the strategy itself is not simply selling XX Deltas every week because doing that every week for a credit is not possible. Thus XX is just the entrance point and a focal point to be used in the management of rolling weekly to a new XX DTE target"  
[X Link](https://x.com/HermesLux/status/1977834360821719118) [@HermesLux](/creator/x/HermesLux) 2025-10-13T20:30Z 13.3K followers, 12.5K engagements


"@piovincenzo_"  
[X Link](https://x.com/HermesLux/status/1977883599064961075) [@HermesLux](/creator/x/HermesLux) 2025-10-13T23:46Z 13.3K followers, XXX engagements


"I don't think we aren't talking about the same strategy. I'm selling XX DTEs for a X% per month ROI in premiums with a 40-60% minimum upside appreciation. If you're selling 5-7 DTE XX deltas you can generate similar monthly but your upside is severely capped to about XX% based on current IV"  
[X Link](https://x.com/HermesLux/status/1977919826765980063) [@HermesLux](/creator/x/HermesLux) 2025-10-14T02:10Z 13.3K followers, XXX engagements


"If you had sold a XX DTE XX delta covered call on $MSTR on ANY of the XXX trading days so far this year ALL of them would have expired worthless and in your favor. Your share count would be the same as it was on 1/1/2025"  
[X Link](https://x.com/HermesLux/status/1978168911536288227) [@HermesLux](/creator/x/HermesLux) 2025-10-14T18:39Z 13.3K followers, 15.6K engagements


"At what point does a BTC rating no longer matter BTC rating: How many times over a company's Bitcoin treasury covers its debt"  
[X Link](https://x.com/HermesLux/status/1978265805570654518) [@HermesLux](/creator/x/HermesLux) 2025-10-15T01:04Z 13.3K followers, 33.1K engagements


"You can now buy both $NAKA ($337M) and $ASST ($678M) for about $1B. Two PIPEs for $1B"  
[X Link](https://x.com/HermesLux/status/1978480025927061530) [@HermesLux](/creator/x/HermesLux) 2025-10-15T15:16Z 13.3K followers, 4305 engagements


"Are we tired of wining yet team"  
[X Link](https://x.com/HermesLux/status/1978490929716596744) [@HermesLux](/creator/x/HermesLux) 2025-10-15T15:59Z 13.3K followers, 22.7K engagements


"MSTR "catalysts" from the past year"  
[X Link](https://x.com/HermesLux/status/1978496381279990188) [@HermesLux](/creator/x/HermesLux) 2025-10-15T16:21Z 13.3K followers, 18.6K engagements


"Anyone trading $MSTY anymore"  
[X Link](https://x.com/HermesLux/status/1978870560672154032) [@HermesLux](/creator/x/HermesLux) 2025-10-16T17:08Z 13.3K followers, 9558 engagements


"MTPLF mNAV = XXXX MSTR mNAV = 1.38"  
[X Link](https://x.com/HermesLux/status/1978985238391845204) [@HermesLux](/creator/x/HermesLux) 2025-10-17T00:43Z 13.3K followers, 94.8K engagements


"Metaplanet has now turned itself into a takeover target offering buyers a XX% discount to BTC spot price. Who wouldn't want to buy Bitcoin at XX% off"  
[X Link](https://x.com/HermesLux/status/1978986661150064908) [@HermesLux](/creator/x/HermesLux) 2025-10-17T00:49Z 13.3K followers, 62K engagements


"I'm looking forward to buying more tomorrow"  
[X Link](https://x.com/HermesLux/status/1978987945873863134) [@HermesLux](/creator/x/HermesLux) 2025-10-17T00:54Z 13.3K followers, 24.7K engagements


"Metaplanet prefs = 8.6x mNAV (effectively) without dilution of MTPLF. This is Phase 2; and I don't own enough shares. $MTPLF / 3350"  
[X Link](https://x.com/HermesLux/status/1979196048586215713) [@HermesLux](/creator/x/HermesLux) 2025-10-17T14:41Z 13.3K followers, 44.7K engagements


"The tide has turned. MSTR starting to front-run"  
[X Link](https://x.com/HermesLux/status/1979198593270501816) [@HermesLux](/creator/x/HermesLux) 2025-10-17T14:51Z 13.3K followers, 42.3K engagements


"Don't make this mistake"  
[X Link](https://x.com/HermesLux/status/1979216783627210757) [@HermesLux](/creator/x/HermesLux) 2025-10-17T16:03Z 13.3K followers, 4135 engagements


"At 8.6x mNAV Metaplanet will effectively be able to purchase BTC at a XX% discount. The operational cost for the company to do this will be X% per year measured in Yen"  
[X Link](https://x.com/HermesLux/status/1979218860445196551) [@HermesLux](/creator/x/HermesLux) 2025-10-17T16:12Z 13.3K followers, 38.9K engagements


"In July $MSTY had AUM over $5.7B and now only has $3.38B down XXXX% in X months. People are learning and the ETF is dying in real time"  
[X Link](https://x.com/HermesLux/status/1979226355188326849) [@HermesLux](/creator/x/HermesLux) 2025-10-17T16:41Z 13.3K followers, 11K engagements


"@ActuallyClimber Will work very similarly to MSTR"  
[X Link](https://x.com/HermesLux/status/1979239633733988614) [@HermesLux](/creator/x/HermesLux) 2025-10-17T17:34Z 13.3K followers, 1716 engagements


"MSTR is picking up speed on BTC; was +3% now +4%"  
[X Link](https://x.com/HermesLux/status/1979249122881261613) [@HermesLux](/creator/x/HermesLux) 2025-10-17T18:12Z 13.3K followers, 12.5K engagements


"MSTW's weekly dividend payout for this week is $0.39/share or about 1.5%"  
[X Link](https://x.com/HermesLux/status/1979254689720836502) [@HermesLux](/creator/x/HermesLux) 2025-10-17T18:34Z 13.3K followers, 3126 engagements


"There would be much loss of interest on their preferreds because the whole idea is that they are built upon Bitcoin. So by increasingly selling preferred shares to buy back common shares preferreds would be getting diluted in terms of the asset they are purportedly backed by. The BPS of the preferred shares would decrease over time making them ultimately a non-viable product"  
[X Link](https://x.com/HermesLux/status/1979280776374939978) [@HermesLux](/creator/x/HermesLux) 2025-10-17T20:18Z 13.3K followers, 10.4K engagements


"@saylor Indeed"  
[X Link](https://x.com/HermesLux/status/1979287595332059311) [@HermesLux](/creator/x/HermesLux) 2025-10-17T20:45Z 13.3K followers, 13.5K engagements


"@WaterboyWalton @ActuallyClimber All prefs combined are only $6.6B of the $98B enterprise value of $MSTR. Additionally none of the preferred shares have any voting rights whatsoever so the shareholders could vote to change the rules if there was ever a concern so this a non-issue"  
[X Link](https://x.com/HermesLux/status/1979302608310538502) [@HermesLux](/creator/x/HermesLux) 2025-10-17T21:44Z 13.3K followers, XXX engagements


"What I said is effectively correct not in the sense that there is a Bitcoin per share exact for each preferred share but by diluting and endlessly printing preferred stocks without purchasing more Bitcoin each share would become worth less in terms of Bitcoin as a representative of the Enterprise value of the company"  
[X Link](https://x.com/HermesLux/status/1979308122352280005) [@HermesLux](/creator/x/HermesLux) 2025-10-17T22:06Z 13.3K followers, XXX engagements


"@HowlingMad999 Yes and I think it's even better of a buying opportunity now than it was then"  
[X Link](https://x.com/HermesLux/status/1979355451616825575) [@HermesLux](/creator/x/HermesLux) 2025-10-18T01:14Z 13.3K followers, XXX engagements


"@juanbeme @zerohedge I support no federal income taxes. States should fund their own programs. Military and very little else can be funded via tariffs. Push social security and Medicare/Medicaid to the States"  
[X Link](https://x.com/HermesLux/status/1979375107152757101) [@HermesLux](/creator/x/HermesLux) 2025-10-18T02:32Z 13.3K followers, XX engagements


"Strawman Fallacy. This demonstrates that the current administration is doing so well that the other side has to literally create lies just to have something to protest against"  
[X Link](https://x.com/HermesLux/status/1979620248791003472) [@HermesLux](/creator/x/HermesLux) 2025-10-18T18:47Z 13.3K followers, 4234 engagements


"@LiefMagnus Yes. Communism is the political result of low intelligence + high ego + low individual work ethic"  
[X Link](https://x.com/HermesLux/status/1979621813517742421) [@HermesLux](/creator/x/HermesLux) 2025-10-18T18:53Z 13.3K followers, XXX engagements


"If BTC's CAGR is at least XX% then wouldn't it make good financial sense for strategy to offer a XX% dividend perpetual preferred stock"  
[X Link](https://x.com/HermesLux/status/1979749642419028231) [@HermesLux](/creator/x/HermesLux) 2025-10-19T03:21Z 13.3K followers, 17.4K engagements


"@AdamBLiv Yes. Would be great if they announced that offering ICW a phase X plan to generate organic income which they could then claim would pay for the dividend"  
[X Link](https://x.com/HermesLux/status/1979751934534864994) [@HermesLux](/creator/x/HermesLux) 2025-10-19T03:30Z 13.3K followers, XXX engagements


"MTPLF's mNAV is currently at XXXX but this is because BTC has been moving up over the weekend while the markets have been closed. Metaplanet (3350) closed Friday at XXX. Just for fun let's assume we get back to 1x mNAV; this would mean a 3350 price of XXX with MTPLF at $XXXX. If it went to 1.1x mNAV 3350 would trade at XXX with MTPLF at $XXXX. The higher BTC moves up the better"  
[X Link](https://x.com/HermesLux/status/1979977327070081149) [@HermesLux](/creator/x/HermesLux) 2025-10-19T18:25Z 13.3K followers, 16K engagements