Hey - I just got a chance to look at that part of the video. Yes. - we do induce a level of erosion in that regard. 

However, this is simply because the portfolio managers are human :)

They won’t be able to trade perfectly on the underlying, especially one such as $MSTR

But the goal of the fund is to generate income, based on the high premium options -due to high volatility underlying.

They do indeed generate beautiful income based on this. I always consider that MSTY is a less leveraged version of MSTR itself. So it goes up and down, less than MSTR. 

Overtime, as MSTR goes up, enough, MSTY will be just fine.

Your money will not GROW as much in MSTY, but if you are dropping, and constantly increasing share count. You’ll reach a point in time where - they’ll pay you enough money every month to live off. 

This is a cash flow , income based, investment.

It’s a completely different beast than MSTR.

I currently have a 1:4:5 split BTC/MSTR/MSTY.
YES - I have more MSTY than MSTR, but that’s another STORY - I’d love to discuss more if folks are interested.
#MSTR