IA Trade Alert (Patreon)
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Hi Team
Four trading days back, I sold the $700 calls on MSTR, and people thought I was out of my mind to do this before the spot etf announcement. They couldn't comprehend my reasoning and considered it a foolish move.
However, as usual, the arb model, the options pricing and the IADDS mean reversion chart were perfect.
I sold the $700 calls on MSTR 4 trading days ago.
Today's FUD was my trigger to buy them back
I bought these calls back today in the $24 and $25 range pocketing $18 credit. PS $18 pays for my initial capital outlay for nearly 67% of my SL's on MSTR. Basically I am playing with the tables money.
Note also I telegraphed my game plan. I am still bullish on the Spot ETF.....but the pricing of these calls was NUTS :D