I have one (100lb) in my basement but it doesn't have a stand. I just got a steel cable and looped it over my main support beam on the ceiling. First time it was too low as well so I just held it up and tightened the cable some more. I also have some thick tape under the sides of the cable where it rubs on the beam so it doesn't wear out the wood too much
you could probably jack it up but ...



