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My objectives differ from yours, and I want to emphasize that this isn't financial advice. I'm simply openly and transparently sharing my real-time actions.

As I stated before. I am adding MSTR and not Bitcoin at this level as I can use options as leverage and also to manage risk

I bought the dip from Layer Out - 27,700 is a first layer of support and it is exactly within $200 of where the selling stopped.

if we go to 25800 then I go in 3x HARD on MSTR

I bought MSTR at 352 - buying $350 calls and selling 360 puts for a net debit of $12. My breakeven is for MSTR to be above $362 by Jan 2025 :D

This is the value of the $30 calls I sold - 2 diff strikes

Comments

Anonymous

You can search for "Synthetic Long Options Explained" i'm sure professor youtube already has a million of 'em!

Anonymous

Options still not on my menu, but did buy a few shares on the dip.

Anonymous

This trade is mostly out of the realm for most...need a ton of margin and just owing 100 sh of MSTR to make all this work is way outa my league. 17K just to put on that call option leg on your 100 sh of MSTR..

Anonymous

But we appreciate all James shares so transparently..:)

Anonymous

Elon musk sold all of his bitcoin.

Anonymous

he bought mstr with it

Anonymous

Cant follow James on his options but nevertheless love learning.

Anonymous

Can you PLEASE create a 3 part options series in which you actually put orders in to buy long dated deep in the money call options for MSTR or TSLA: 1) Understanding Risks & Rewards 2) Formulating entry / exit timing & pricing 3) Illustrative Trade Execution