MSTU long term position

Well I typically only trade in etfs or indexes and would not recommend this for a stock. I did not double down on my MARA position that is currently under water...just waiting it out as it tracks bitcoin.

 

SAVA??

 

Charting wise. I think MSTU will go up, but I'd be a buyer at 5.90, it due for little retracement.

 

Selling shares versus selling itm calls?

MSTU Price 5.62
Selling 5000 shares=$28100
Selling 50 Apr25 4 strike calls is 1.83 = 5000 * 1.83 = $9150 + (5000*4) = $29150

So I'm actually making 1k more by selling itm calls versus just selling at market...and the kicker is if it finishes otm I keep the shares. I did this on Tuesday with an atm call and closed it today for a 2k profit...would have waited for more but cash poor right now.

 

Your giving up all the upside to be short the put for .21??

 

If going to sell MSTU it makes more sense to sell the itm calls versus just selling @ market....come on @taowave I thought options were your thing?

 

MSTU still around?

It will take sometime for it to reach 0.01

 

Yeah when bitcoin hits 0.02

 

Are those the only 2 choices??

 

I picked up 100 Sep19 7 calls for 1.25 yesterday.