MSTR: collect $885 (2.2%) for this cash secured put with strike at $400 and expiring in 2 weeks on 8th Aug.
Part of my short cover as I had been holding a net short position on MSTR also at $400.
As long as MSTR stays around this price or goes lower than $400, then I'll be profitable.
Looking and hoping MSTR goes below at expiry so that I can purchase back the stocks at $400 and breakeven on the stocks while also collecting options premiums along the way.
MSTR was down slightly on Monday and BTC is still on its 3rd week of bear flag formation that might look to break towards the down side.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 8.85 1Lot(s) | -- Closed |
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