IA Trade Alert (Patreon)

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.