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Hey everybody, as you know last yesterday I did hedge 1/3 of my MSTR position. I sold the $600 calls for $44.. 

Stock at the time was $577

Since then MSTR shot up to 627 up $50 - while the option I sold against 1/3rd of my bag is now $69 a $25 dollar rise. 

Per the ARB Cloud MSTR still above 

My underlying has gone up $50 while my hedge only $25. I have not covered yet - my plan was to wait to see if it his $644 and then I will consider it. At that time the position has intrinsic value for what I sold it for and time value depletes. 


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Anonymous

thank you James for keeping us in the loop. good Education

Anonymous

James thank you for all of your hard work, I have to point out that you need to update your MSTR share count. On page 29 of their 4Q report it stated there were 14,904.000 Class A and 1,964,000 Class B. Also according to the SEC FORM 4’s he has been filing daily Michael is exercising ESOP Derivative options and selling the shares, it looks like he has executed about 130,000 options therefore adding to the share count