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Posted on 11/20/24 at 10:50 am to TigerTatorTots
Welp, parted ways with 1 of the calls for a 56.5x. $800 to $45k…Will probably look to move another tomorrow/friday if this momentum continues. I keep saying this up only move isn’t sustainable in the short term but I’ve been wrong. At some point it has to take a breather, which I’ve been telling myself everyday this past 7 days. Not touching shares, may actually add some more shares with this cash if we do get a breather.
This post was edited on 11/20/24 at 10:51 am
Posted on 11/20/24 at 10:52 am to TigerTatorTots
Nice trade bro. 
Posted on 11/20/24 at 11:33 am to TigerTatorTots
TTT - I just got my option trading approved.
I want to buy some calls.
Which one do you recommend buying? OTM Jan 2026?
I want to buy some calls.
Which one do you recommend buying? OTM Jan 2026?
This post was edited on 11/20/24 at 11:35 am
Posted on 11/20/24 at 11:40 am to I Love Bama
I’m leery of sinking new cash into calls right now. The premium is insane
I think Dec 2025 would be “safe”ish as it gives you a seriously long runway but I’m over here looking to exit my Dec 2025 calls over the next 3-4 months. If you are doing it strictly to hedge your decision of selling today in the event you are wrong, OTM Dec 2025 wouldn’t be a bad path to go. Should encompass the entire bull cycle if we do indeed continue the cycle pattern
I think Dec 2025 would be “safe”ish as it gives you a seriously long runway but I’m over here looking to exit my Dec 2025 calls over the next 3-4 months. If you are doing it strictly to hedge your decision of selling today in the event you are wrong, OTM Dec 2025 wouldn’t be a bad path to go. Should encompass the entire bull cycle if we do indeed continue the cycle pattern
Posted on 11/20/24 at 11:49 am to TigerTatorTots
good deal ty
Posted on 11/20/24 at 12:46 pm to I Love Bama
quote:If I held 100+ shares of MSTR, which represents one contract, I would be selling weekly calls (called a covered call), rather than buying a January 2027 call at the highest strike price ($760).
Sorry, I really don't know much about option contracts. I mean to say I am going to allocate $25,000 to a long term MSTR option play.
Edited info: I'm seeing $890 strike prices now for Jan '27 calls. And yes, they cost $25,100 per contract at the time of writing
When this kind of exuberance happens and volitility is unthinkably high, it's the call sellers that make the money because they collect the inflated premiums that the call buyers are paying to gamble on. To be fair, I don't think a 2026 or a 2027 option is too much of a gamble, but that's why they cost twenty five thousand dollars...
It's the people who are willing to pay 1k for an option that expires in a week or two hoping that the stock will move 50% or more upward in that timespan that are gambling.
Take advantage of them (see below).
-------
For those who have the shares/capital to do so, You can sell a covered call at an $750 strike price with an expiry date of 11/29/24 for about $1,000 right now.
Meaning, if the price of the stock stays below $750 over just the next nine days you keep your shares and pocket an extra 1k.
But all bets are off with this thing, which is why the options cost so damn much. If the price per share exceeds $750 at the closing bell on the 29th you will loose your shares (they will have been "called away" from you). BUT, you'll get paid 75k for the 100 of them ($75 strike price x 100 shares) and you get to keep your 1k premium that the buyer paid you. Not a bad scenario if you're ok with a 65% upside plus a thousand bucks over the course of nine days.
This post was edited on 11/20/24 at 2:08 pm
Posted on 11/20/24 at 2:18 pm to TigerTatorTots
quote:
NAV will never go back to 1.0 as long as the strategy has the ability to raise money cheaper than the risk free rate to buy more bitcoin. I do see compression at some point to the more traditional 2.0 NAV.
Never say never
This post was edited on 11/20/24 at 3:00 pm
Posted on 11/20/24 at 3:07 pm to slackster
touche
Posted on 11/20/24 at 3:17 pm to slackster
It can go to 1 and still beat spot bitcoin on its way down. I think that’s the part people struggle with.
Posted on 11/20/24 at 5:03 pm to beaverfever
quote:
It can go to 1 and still beat spot bitcoin on its way down. I think that’s the part people struggle with.
I’d need to see that math. Maybe I’m missing something.
Posted on 11/20/24 at 9:53 pm to beaverfever
Twitter Video on the convertible bond market and MSTR
Thought this was interesting. I watched the entire video. I can’t get on board with the broad assumption about BTC just always going up, but still a worthwhile watch IMO.
Thought this was interesting. I watched the entire video. I can’t get on board with the broad assumption about BTC just always going up, but still a worthwhile watch IMO.
Posted on 11/20/24 at 9:57 pm to slackster
Jeff is awesome, I have that video bookmarked to listen/watch tomorrow
Posted on 11/20/24 at 10:06 pm to TigerTatorTots
BTC is ripping right now
96,600
96,600
This post was edited on 11/20/24 at 10:20 pm
Posted on 11/20/24 at 10:17 pm to ReauxlTide222
Guaranteed 5.5% on investment in nine days: Spend $40,000 on a $400 cash secured put expiring on 29 November.
Collect an immediate $2,200 on the sale of the put.
If the price of MSTR drops to $400 then you may be forced to buy 100 shares at $400 and you keep the $2,200.
So you’re getting paid to “sign a contract” that you’ll buy the stock at 20% discount from today’s price. Not a bad deal!
Collect an immediate $2,200 on the sale of the put.
If the price of MSTR drops to $400 then you may be forced to buy 100 shares at $400 and you keep the $2,200.
So you’re getting paid to “sign a contract” that you’ll buy the stock at 20% discount from today’s price. Not a bad deal!
Posted on 11/20/24 at 10:21 pm to ReauxlTide222
MSTR with a nice overnight pump at $510 on robinhood right now
Posted on 11/20/24 at 10:23 pm to bayoubengals88
Idk if I’m ready for options, but I’m steady learning about them which is fun
Posted on 11/20/24 at 10:25 pm to TigerTatorTots
I caught wind of that on Twits. Incredible.
Posted on 11/21/24 at 4:35 am to bayoubengals88
10% gap up this morning.
What a run. I have never seen anything like this.
What a run. I have never seen anything like this.
Posted on 11/21/24 at 5:00 am to I Love Bama
Loving every second of it but man, just wish I owned some BTC outright.
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