MSTR price beginning of August was $125 when you said you entered with ATM calls. ATM July 2025 calls must have been around $188 back in August since it was 11 months out ..current September 2025 ATM calls are $178 being 10 months out. 160k/188/100=8.5 contracts So it should perform like 850 shares 192-125=67 * 850 = 56k plus extrinsic value. What's wrong with these numbers @johnarb??? Just share your actual position!
Quick take.. with rounding, , he made apx 500k on an apx 300 point move..Back out his apx size from there.. The ATM call was trading for 188 with the stock at 136?? Really?? .
Finally looked up the confusion, I'm an inexperienced options trader but it's easy enough to look up the transaction history since I only make 1 options trade per year on average the past 4 years That's not the day the options were purchased, that's a split date 10 to 1 mstr shares the position was initiated beginning of June, that's why I always said I will sell 2nd half of next year 2025 to pay long term tax rate but I'm not a tax professional so please, this post has no financial or tax advice PS: by June 24,2024, I already had this options position and was in a big loss m2m https://www.elitetrader.com/et/thre...r-asymmetric-risk-reward.379915/#post-5981373
John did you think BTC would hit $100,000 by year end? Yesterday I started with the $390 and $400call, by the last hour $450 calls. Exited them because I don’t have your strength! $500 by Friday for MSTR?