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I bought more BTC by way of Proxy as per my plan a few months ago

MSTR was at $323 and the ARB cloud popped out of the cloud. This is a long term play. The position size is TRIPLE the size of my last buy... the lower it goes the harder I go. 

I bought the Jan 2025 320 calls and sold the 330 puts same date to expiry

Net debit $18.10 and break even for MSTR is to hit $338 by Jan 2025. 


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Anonymous

Amazing how quickly the numbers change. Just picked up this alert after finishing work. The same trade is now 28.65!!

Anonymous

?? I just checked, It's at 202.5 Net debit the strangle vs 198.3 when James bought

Anonymous

James what are your thoughts on block (square) it’s down big time is it worth it to pick up some ????

Anonymous

What about CleanSpark? It’s down $2 from when you purchased last James

Anonymous

Hi James, newbie question. For a target price of $500 by Jan 2025. What's the demerit of choosing 330 Call and 340 Put for a debit of $6.9 with similar max loss and same return. Not sure if I missed something obvious.