IA Trade Alert (Patreon)

Published:

2022-09-09 19:51:18

Imported:

2023-01

Content

Hi Team

9 days ago I entered a Synthetic Long on MicroStrategy which means selling a put to buy a Call.

I used a combination of strikes Jan 2024 210's and Jan 2024 220s for no cost.

Today I sold the 260s out to October 2022 for over $30..

I am essentially in a $40 and $50 spread for a credit of $30.

Theoretically If the cost of the SL was $1 - the return on this trade now would be 3000%

If MSTR shoots to $290 I will roll up - if it dips on fear next week I will buy em back cheap.