holeyprofit

Long MSTR 1200 - 1000 puts

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BATS:MSTR   MicroStrategy
Buying a MSTR puts with 1 - 2 months on them with strikes scatted from 1200 - 1000.

We've recently hit the 4.23 - which is a very common move for the end of an extreme extension.

Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.
Komen:
Major decision area here.

Stops trailed on entries from high to even. Would want out if there was a low made in this area. If we can break the pending support zone we're in I think we'll see a quick move down to 1150.

Komen:
As things stand this looks set to open quite close to the break target above.

Will be proactive trailing stops and locking in profits if we open 10% down as implied by the out of hours trading.

Will remain short - but will lock in profits with trailing stops. 25% drop in a day on puts isn't to be sniffed at.

But this might just be the break.
Komen:
Retracement would end around here if we're in a strong bear trend.
Komen:
Unspeakable things would happen to this MSTR chart if BTC made the breaks spoken of in this post:
Komen:
COIN could make a similar move.
Komen:
Shorting common in MSTR and replacing the puts I hit trailing stops on near the lows.
Dagangan aktif:
1090 next downside target if it works.
Komen:
MSTR now 50% off the high.

And this is when BTC is only just making the first break of 60K.

Sheer chaos to come in this if the BTC break develops further.


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