MSTR: selling new strangles with expiry this Fri on 11th Apr.
sell call at $320 and sell put at 250 with this $70 spread.
At posting this, MSTR trades around $230 after falling off more than 10% for the day so the trade is in the money for the put.
If it didn't recover to above $250 by Fri, then will derisk by either rolling out or decide to take the assignment.
Will adjust trade accordingly depending how the coming days movement in this volatile market.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -5.35 1 | -- Holding |
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