IA Trade Alert (Patreon)
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Another huge move in MSTR - trade price was at $401
Normally I notice that a big move in MSTR results in a move in BTC later - it is as if someone knows someone is going to buy and they front run by buying MSTR
Either way I added more hedge to my position. I am doing it in tranches.
First Tranche has a breakeven of $428 before Aug 18, 2023 I did this last week.
This second tranche has a breakeven of $459 before Aug 25, 2023 - I sold the Aug 23 calls for $28.90 - only 44 days away.
The higher it goes, the more I hedge.
I will roll up the first tranche if the price goes above 428 and the second tranche if price goes above 459.
Per the Arb Cloud - MSTR is way above the cloud.