But just be aware MSTR is already a levered play on BTC, so you are really doubling down on the implied leverage by buying calls on MSTR.
Also MSTR has pretty high implied vols (high premium/cost to buy them). Looking at the March $450 strikes, you are making a $3k bet MSTR is up almost 20% in a month to break even ($480 break-even price).
Definitely a risky play man. If you decide to go for it, make sure you roll your options over a few weeks before maturity because the Theta decay is going to be big if you are still out-of-the-money. (For example the $450 March 18 calls at ~$30 vs the $450 Feb 18 calls at ~$8. You would bleed ~$2,200 on your position in 4 weeks if the price doesn't move).
(Not actual financial advice, dyor, blah blah but feel free to DM me if you want to chat more. Always time to chat with a BT brother)
I was actually just looking at options the other day for Microstrategy. Everything here is well explained and easy-to-understand. Great article!
Preciate you ser.
If BTC rips you can see some massive gains there.
But just be aware MSTR is already a levered play on BTC, so you are really doubling down on the implied leverage by buying calls on MSTR.
Also MSTR has pretty high implied vols (high premium/cost to buy them). Looking at the March $450 strikes, you are making a $3k bet MSTR is up almost 20% in a month to break even ($480 break-even price).
Definitely a risky play man. If you decide to go for it, make sure you roll your options over a few weeks before maturity because the Theta decay is going to be big if you are still out-of-the-money. (For example the $450 March 18 calls at ~$30 vs the $450 Feb 18 calls at ~$8. You would bleed ~$2,200 on your position in 4 weeks if the price doesn't move).
(Not actual financial advice, dyor, blah blah but feel free to DM me if you want to chat more. Always time to chat with a BT brother)