Trade Update: MSTR Hedge (Patreon)

From my trade on SEPTEMBER 9 AT 12:51 PM I sold the 260 Calls out to October 2022 for over $30..- avg trade was about $30.5 per contract.  I had a hard time filling all my contracts. 

Either way, my best practice is to buy half back when price goes down by 50%.  I have not done that this time. This position is up over 60% and I expect it to fall further as they issue stock and also as time value expires. 

Note when I entered the trade I entered it because IADSS said MSTR looked very overbought at $260 so I sold the $260 calls for OCT and I had a feeling BTC was going to drop.  NOTE I WAS NOT AWARE AT THE TIME OF THE TRADE THAT THEY WERE GOING TO SELL 500M IN STOCK.  

This helped make the timing of the trade impeccable.     

Will let you know when I cover.