Strategy Inc
Long
Updated

Opening (IRA): MSTR Nov 15th 121 Monied Covered Call

134
... for a 111.20 debit.

Comments: High IV (88.8%). Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call.

Back into MSTR after taking off my previous November setup in profit. (See Post Below). This has earnings on 11/6, so I'll be looking to take it off before then ... .

Metrics:

Buying Power Effect/Break Even: 111.20
Max Profit: 9.80
ROC at Max: 8.81%
50% Max: 4.90
ROC at 50% Max: 4.41%
Trade closed manually
Money, take, run ... . Closed here for a 115.20 credit; 4.00 ($400) profit.

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