Hey John... if you don't mind answering, but maybe you already mentioned it, how much did you pay for your option that you are waiting to hit $1 million? And when did you buy it? Did you take into account your understanding of cycles and the halving in order to figure out a good expiration that would put you in the safe zone?
It's about $40 each , but I posted when it went down 75% so it was $10 each, then on a reply to long about being all-in on bitcoin which at the time I only had btc and the mstr calls position, no alts, it was down to $6.5 when I checked real-time quotes It's now $853 each, could hit $1,000 today or tomorrow All numbers are options pricing so x100 and I have 10 As far as reasoning, I don't put much thought into it, I looked at 6-7 months, saw a $600 way out of the money options I could afford to buy rolling over funds from previous position from 2 years ago, tl;dr but It's on my crypto macro journal thread Knowing the halving, the bitcoin spot etf's, I figured btc would be $100k within 6 months, and mstr leveraged btc would be north of $2,000 Things are getting accelerated as TradFi is loving mstr for many reasons it's superior to the bitcoin spot etf's Sorry about to go out of town... let me know if you have more questions EDIT: Obviously why did I not double my position when ti was worth 80% on discount, make $2M profits? Simple, I'm directional trader, defined risk trader, I put a set amount of risk capital and it's all in, pretty much... I rarely add to the position, but I do scale out when closing... Yes, not quite 15,000% roi for me, only 25x at $1M, but not to cloud the trade, may do some plays outside of the trade, as I mentioned purchase btc's afterwards... so still at a risk-on trade afterwards Thank you!
So just to make sure I got it right... you spend $40k for these options that at one point were worth only $10k, and you will take profit at $1m, so it will be a 25x trade for you.. correct? Have an awesome trip!
Hey, are you kidding me? BS, you just gave it away with that response. Fucker...This is you... No more lies!
Why not? Top 300 of the biggest companies in the US by market cap, profitable for consecutive quarters... There are zombie companies still in the s&p 500