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.