I opened $MSTR VERTICAL 240405 CALL 2000.0/CALL 2010.0$  ,MSTR: sold bear call spread on MSTR with strike at $2000/$2010. Expiry on 5th April with is 8 days away. Premium collection is 1.15% due to its high IV. MSTR had a large 1 day 11% from in 28th Mar rejecting its $2000 high. The bear call was priced just at the peak so might for a temporary resistance from going higher. Valuation wise, MSTR is at least 2x the premium of Bitcoin as most of its holdings are bitcoins. This is a more risky trade as the share price of the company is also tied to Bitcoin where is volatility can be high on any given days.
MSTR Vertical
03-29 02:13
US2000.0/2010.0
SidePriceRealized P&L
Credit
Open
-2.30--
Holding
MSTR VERTICAL 240405 CALL 2000.0/CALL 2010.0
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  • Great article, would you like to share it?

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  • Just be mindful of the potential for high volatility in either direction.
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  • mizzle
    ·03-30
    👍
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  • Tom Chow
    ·04-01
    good
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  • KSR
    ·03-30
    👍
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