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HI Team

On Sept 9 I added the third leg to the stool - by selling the Oct 260 MSTR Calls.  They expire today. Avg price was about $30.50. 

My plan as I have hinted at was to let them expire worthless - means I pocket the $30. 

Reduces the breakeven on the Synthetic Long to about $185. 

I plan to wash rinse and repeat and sell again on the next MSTR spike. That being said, we must keep a close eye on the Fed. 

S&P 500 3500 bottom looks like it was a bottom on Oct 13th as the markets are sniffing out the slow in hikes and ultimate pivot.


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Anonymous

The 260 October MicroStrategy calls are very valuable right now

Anonymous (edited)

Comment edits

2023-01-22 19:57:55 Thanks for the advice 'exec-upgrade' I have never really understood options...when people talk about them my brain for some reason seems to shut down. I understand that you are using leverage, James makes it sound so easy...rinse & repeat !! I wish James could put a presentation together and try to explain it as if he were talking to a 9 year old!! Plenty of visuals and examples and the do's & do nots. But to be fair, I think the poor lad works hard enough as it is!!!
2022-10-27 07:30:53 Thanks for the advice 'exec-upgrade' I have never really understood options...when people talk about them my brain for some reason seems to shut down. I understand that you are using leverage, James makes it sound so easy...rinse & repeat !! I wish James could put a presentation together and try to explain it as if he were talking to a 9 year old!! Plenty of visuals and examples and the do's & do nots. But to be fair, I think the poor lad works hard enough as it is!!!

Thanks for the advice 'exec-upgrade' I have never really understood options...when people talk about them my brain for some reason seems to shut down. I understand that you are using leverage, James makes it sound so easy...rinse & repeat !! I wish James could put a presentation together and try to explain it as if he were talking to a 9 year old!! Plenty of visuals and examples and the do's & do nots. But to be fair, I think the poor lad works hard enough as it is!!!