Jul. 1 at 1:30 AM
$MSTY Not exactly the way we wanted to start the new cycle from a short call income perspective. We got spanked by closing all of our 7/3 expiry calls from
$380-392.5 and partially closing the
$395. We earned a little bit of cash by closing out the
$430.
BCed
$380 - 4000
$390 - 5000
$392.5 - 2500
$395 - 2500/11940
$430 - 6000
What I don’t get is that they opened new positions that are already almost ITM. They also didn’t touch the synthetics 😖 The good news is that the
$MSTR S&P 500 front run seems to be in full swing (look at what
$STRK did today!). That is good for the MSTY share price and the fund has now cracked
$5B valuation 😱 We’ll see if the trend continues or if it’s just a quick p&d.