Long MSTR 1200 - 1000 puts

מעודכן
Buying a MSTR puts with 1 - 2 months on them with strikes scatted from 1200 - 1000.

We've recently hit the 4.23 - which is a very common move for the end of an extreme extension.

Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.
הערה
Major decision area here.

Stops trailed on entries from high to even. Would want out if there was a low made in this area. If we can break the pending support zone we're in I think we'll see a quick move down to 1150.

תמונת-בזק
הערה
As things stand this looks set to open quite close to the break target above.

Will be proactive trailing stops and locking in profits if we open 10% down as implied by the out of hours trading.

Will remain short - but will lock in profits with trailing stops. 25% drop in a day on puts isn't to be sniffed at.

But this might just be the break.
תמונת-בזק
הערה
Retracement would end around here if we're in a strong bear trend.
תמונת-בזק
הערה
Unspeakable things would happen to this MSTR chart if BTC made the breaks spoken of in this post:
BTC is One Break Away From an Extremely Bearish Chart.
הערה
COIN could make a similar move.
COIN to Follow MSTR?
הערה
Shorting common in MSTR and replacing the puts I hit trailing stops on near the lows.
תמונת-בזק
עסקה פעילה
1090 next downside target if it works.
הערה
MSTR now 50% off the high.

And this is when BTC is only just making the first break of 60K.

Sheer chaos to come in this if the BTC break develops further.

תמונת-בזק
Trend Analysis

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