Getting very close! I think it can break 200 today Mr. T I got mstr call leaps, tho, so my target before eoy is over $400/share and over $700/share after July 1, 2025 bitcoin bull market mania starts within 2 weeks, buckle up!
The opportunity was back in Sept...all the pnl potential has fizzled out now imo. This is what my sheet has calculated for pnl at various dates of buying in Sept versus now. I just did IV at 90% for everything so numbers could be off. Both calls were about $80 otm at the time of purchasing. There may be an opportunity in the red box for an atm Oct18 call that I will look at for tomorrow. EOD 195 strike was @ 9.98....if price reaches 210 by OCT17 then it should be trading @ about 15.20, so a pnl is $5345 on 10 contracts. I probably missed the entry today on the daily candle pullback.
My point was that his thesis about why memecoins are going to be dominant makes a lot of sense to me. As I outlined, I don't see much of anything else going up huge right now. John is of course right that DEX's will always be important, but there isn't going to be another 2020 I don't think. Free money I don't think is going to be given out as much, and people aren't going to be locked up at home anymore. So I think going forward, if this cycle ever gets going, its going to look much different than previous cycles.
I don't do less than 6 months options, learned my lesson in 2021 but then again bear market was brutal Do July 2025 so you can for sure get the FASB rule change mstr earnings report
This is what TA sounds and looks like when you don't understand Elliott wave cycles or cycles in general. Yes we are primed to blast off but we could still see 70k, and then low 50s which could take us to March 2026. I mean everybody's too hyped that we're going somewhere right now so obviously we're not. We'll go somewhere when all these talking heads get stopped out before the actual runup. Also check out chain exposed... Not nearly enough pain yet.
John... I'm very mad at you! I have no idea how I wasn't paying attention, and I guess this is the whole point of this thread, but I'm just noticing how clueless I've been about MSTR. Here I was taking a decent position in BITX, which was working great on the way up, but ever since March, it has been a total failure. I did get out multiple times and scaled back in as well, so the pain isn't too bad, but I can now say I understand first hand the problem with leveraged ETF's. After every fall, the rise has to be so much greater in order to get back to where it was. I can see why these instruments shouldn't be held long term. But since we were all feeling bullish at the beginning of the year, taking on a bit of leverage was acceptable. I figured a 2X bitcoin instrument wasn't too much leverage, but like I say, the churning of the past 6 months has killed thousands of dollars of profit that I was up. But now as I really look at MSTR, I see that not only is the leverage there, above and beyond what BITX would give you, but its also not actually leveraged, so you don't suffer from that percentage loss and gain math problem. (not sure what this is called) And now to even see MSTR essentially hit ATH, while BTC isn't close, and never mind BITX, which is about 50% off it's highs, I can see that I picked the absolute worst way to take on a bit of leverage. I know that I explored this a while back where I plotted the performance of BITX against BTC, and the worst result was that BITX returned only roughly the same amount as BTC, having lost its 2x leverage. So I figured this isn't too bad, but I never did consider what 6 months of sideways action would do to the price. If I plot all 3 from about March 14 which is where BTC hit the ATH, look at the performance. So going forward, I'm not sure how much juice there still is in the MSTR trade and if it can outperform both BTC or BITX if the next month is mostly bullish, but I do see now how superior MSTR has been in terms of leverage but also performance during sideways action. So I'm mad at you for not talking me out of BITX!