So, I'll just say this... I am not a fan of Michael Saylor and his banker/Wall Street loving view of our space.
But... $MSTR #stock is freaking KILLING IT! These #options premiums I am getting are just stupid, lol.
Just made nearly $1200 rolling some options contract for the family fund I manage. I rolled one Covered Call with a strike price of 240 up to 260 and out from Nov. 1 to Nov. 8. I did this so I can possibly secure more profit on the stock if it sells! Buy in was 216.
The other was a put option I had open at a strike price of 195. I closed that one and sold a new put at 215 for Nov. 8 and earned the bulk of the $1200 in earnings there.
This strategy just requires the money or stock available to sell the options contracts.
Not bad for a few minutes of work, lol. This is what can be done with some #logicaltrading
Trading means ignoring personality, personal feelings about a company, or even the stock.
Simply let the chart be your guide.
I like to say, don't date it, don't hate it, just trade it!
Yep.
Ignore the name.
What's the proper way for us to view Michael Saylor so that we aren't duped into doing something against ourselves which happens to help him? Do we still need to pay heed to what he & $MSTR are doing?
You view him however you want. I am usjng MSTR to make income, that is all. Don't date it, don't hate it, just trade it.
That makes sense. For what traders do, he's just a tool to be used to achieve desired ends. It's purely business, so it's nothing personal.
The markets do not care about our feelings, opinions, needs, or wants. Right now this options chain is ridonkulous so you have to take advantage when these opportunities arise!