MSTR Swing Idea

6 Okt

MSTR , BTCUSD

MSTR swing idea.
Earnings are in the way here, and I have no interest in hitching a ride. The IV is jacked, but I do still like an ER run up idea, with the likely target being 200. Continued strength could see the push higher though, especially if BTC breaks out of it's falling wedge on the weekly.

Would still plan to enter at 178.24 and trim at 183.70, but I will be looking at a vert spread instead of regular calls.

Oct25 +180c/-190c for around 3.68 with the underlying at 178.24.