IA Trade Alert - Bought back a chunk of my MSTR Naked Puts (Patreon)
Published:
2021-09-20 16:45:24
Edited:
2021-09-20 16:45:27
Imported:
2022-04
Content
Hi Team
to free up a bunch of margin (6 digits) I did something I rarely do. I bought back a chunk of my Jan 2023 $290 MSTR Puts for about $6. I sold them for about $110 a while back so my profit is $104 per contract BUT the gain is sadly subject to short term capital gains. The make puts were part of one of my many Synthetic Longs on MSTR
I am still holding the MSTR $300 calls for Jan 2023