Atta boy; posting trades! Is that 100 contracts or one contract for 100 shares? Is this a result of your bitcoin 75k call? You must be expecting a move up from here.
100 contracts. Yes. I'm expecting 8-13 by expiry...which is 1-2SD. I may double down if this drops more.
I never said it was in play until after we reach 250k at the end of this bull cycle and we retrace 80%. Remember my quote "70ks before 250k" back in Jan?
Too many quotes to remember. I do remember wake me at 50 or 150. So I assumed that 50k was in play. So you are now saying that 150 before 50
Well if we don't reach 250k then this post halvening rally would be a real disappointment relative to the previous ones. I'm expecting some sort of retrace here, then we could come lower again before resuming the bull run. Technically we could still go lower here...which is why I've legged in and will wait and see.
Is this a change in strategy? A loss is definitely in play if the price doesn't move or moves against you.
Same strategy with a call kicker. I am holding MSTU at an average of $6-7 to hold indefinitely. For the call...in what universe does a $7 strike not finish itm by Sept? I see we already bounced...should have added but was waiting for a lower price to avg down. If we get the retrace I'm expecting then $8-$11 range by June.