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I sold the MSTR Jan 700 calls for over $43 - they expire in 23 days

MSTR was at $665 at the time of the fill  (nearly $666)

MSTR needs to go up $80 from here for me to lose.  It could do that.  But the short squeeze now seems pretty special.

If Spot ETF is approved I will buy them back.

My $190 MSTR Synthethic Long is now a credit position.

TOOLS USED - CONFLUENCE MODEL and MEAN REVERSION From IADSS 

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Comments

Anonymous

Yea this looks like it’s gonna go above $700 tomorrow

Anonymous

I could be wrong but what James is trying to do is take advantage of the locking in the premium over and above the price appreciation. by selling the front month against the leap. I think he feels there is so much premium built in right now that if the price falls or goes sideways that premium will fall enough to warrant selling the near by call.