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Eventually got a partial fill on some CLSK Contracts - CLSK Price at the time was $3.30

NOTE: I could've bought it a lot cheaper over the last couple of weeks but I wanted to enter the position using my margin and a synthetic long. That is where I sell a Put to Buy a Call. I had no luck in getting Fills until today 

I sold the CLSK JAN 17 2025 2.5 Put

I bought the CLSK JAN 17 2025 2.5 Call

Net Debit $1.30.

This means my breakeven is for CLSK to hit $3.80 over the next 646 Days!  I call this a no brainer :D

Last Bull Run CLSK hit $40

I think we can easily hit $12 to $20 this bull run

NOT FINANCIAL ADVICE MY GOALS ARE NOT YOUR GOALS

Comments

Anonymous

So could be another proxy option for BTC in a pension fund I guess. I might buy a small chunk and just hold for a couple of years. Thanks for the info and the leg work in looking into this James. Realise this isn't financial advice.

Anonymous

Another name for this is the "poor man's covered call" correct?

Anonymous

Hey James! Thanks for sharing your trades in real time. I am so grateful for the opportunity to be able to see how you find your trades. Quick question: why did you pick this time specifically to go into CLSK? Was it just because there was actually volume on the 2025 options?

Anonymous

Love these trade alerts. It's what I'm here for. Not financial advice obviously

Anonymous

Thanks James!

Anonymous

CLSK very volatile yesterday & all year for that matter. MARA & RIOT flying so far this year with little down? Looking forward to James next video on the Miners

Anonymous

I'm trying to replicate the graph, but not successful. I'm at timeframe 2d and tight.

Anonymous

Does the SL strategy have a higher return than just entering a regular soot long or is it just more capital efficient?

Anonymous

Let’s say you have 10,000 to put on clsk. How does the math work to use that same cash for a synthetic long vs just stacking it all on a regular long

Anonymous

Nice trade James! Finally a partial fill. 👏😅

Anonymous

Legend

Anonymous

I have the $2.50 jan 2025 calls also about a month ago for $2, going well so will be very happy if the stock is at $20 in 2025😝

Anonymous

Is the contract size of equity options in the US always 100 shares? Thank you.

Anonymous

That didn't take long.

Anonymous

Not at all. Bought same day. Break Even at 3.60. That's already up and over. Indeed no-brainer.

Anonymous

Good morning , not sure if I am missing something, put if you sold a contract for $2.5 and bought another for $2.5 how could the net debt be $1.30. wouldnt wouldnt the credit cancel the debit

Anonymous

Sold the $2.50 Jan 2025 put at a premium of $1.10 and bought the $2.50 Jan 17, 2025 call at a premium of $2.40, hence the total premium paid by the investor is (2.40-$1.10= $1.30). By adding the total premium of $1.30 to the costs of the call at $2.50 (2.50+1.30 =$3.80), you get $3.80, meaning that the investor breaks even at $3.80. With CLSK closing at $4.13 on the last trading day, the trade is already making money

Anonymous

Thank you Vernon, totally makes sense for some reason I thought the $2.50 as the premium and not the strike. I guess I should have looked at the options chain. Thanks again

Anonymous

I can get in now at $5. break even 6.60... is this good?

Anonymous

is this a sell to open? uncovered? or do you have to own the stock?

Anonymous

should we be buying mara or riot?