MSTR: closed the remaining of my stock shorts positions with 6% profit. Had been shorting MSTR on its way down from the $500+ and take some profit/losses along the way.
This final batch average cost were around $340 so when close about $20 lower to earn about 6% profit.
BTC showing signs of waking up and break out of a tight channel to reach $98k.
MSTR is still sleeping and down for the week so one of the 2 signals might converge to the other and BTC is the underlying asset.
Decided to reduce my risk on the short side and closed this trade to secure the profit as it is.
Still have bearish trade on MSTR through the short call with price at around $375 that are still active.
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At point of trades, I already had multiple covered puts opened and won’t be adding new ones until the older trades were closed. I also have last year shorted the stocks through selling naked calls so this trade were to close this short stock trades.