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Hedge Update - Trade Alert (Patreon)

Published:
2023-08-01 14:22:31
Imported:
2023-08

Content

August Sept working like clockwork so far.

Thin volume, items going no bid, low volatility..... welcome to summer slumber.

I have a lot of cash and ready to deploy soon....

RE HEDGES

I am hedged on CLSK and MSTR

Re the CLSK calls are currently trading at less than half of what I sold them for (70c to 75c).  I bought half back today (July 13th I sold the Jan 2024 $10 calls for $1.49)

IADSS is a killer

The MSTR Aug $430 calls are in profit but not enough as yet.

Stay tuned.

Comments

Anonymous

Hi James. I thought you had sold $400 calls against your MSTR position. Did you roll up to $430 and how much did it cost you? I have been trying to learn while following your trades. Thanks.

Anonymous

Hi James, why did you only buy half the CLSK options back, what is your play for the other half you did not sell.

Anonymous
>>114281102

Here's my interpretation, hope this helps: James didn't buy half in terms of quantity, he bought the same number of calls back for half the price of what he sold them for previously. - July 13 he sold the Jan 2024 calls for $1.49. - Aug 1 he bought the Jan 2024 calls again for .70 to .75 cents. So James has a profit of $1.49 - $0.70 = $0.79 while maintaining the right to buy the shares at $10 strike price by Jan 2024