MSTR: rolled these expiring sold puts with strike at $300 out by 3 weeks to 21st Mar and lowered strike to $295 to buy more time.
As of trade setup, MSTR was hovering around $250 and these sold puts with deep in the money by $50 and will very likely get assigned at expiry and also risk being exercised early by the counter party because of how much MSTR had fallen.
Decided to proactively manage the risk and push out 1 time to allow MSTR to bounce if possible.
Flip side of this decision is that MSTR could continue to weaken alongside BTC and the paper loss will be even more.
Anyway, it's a trade that was already decided so I'll live with it.
| Side | Price | Realized P&L |
|---|---|---|
| Credit Close | -2.80 | -- Closed |
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- SeedsOfJoy·2025-02-28TOPI have several sell put for MSTR that have hit the strike price and another few that are very close to hitting the strike price 😅 considering whether to roll the sold puts too.. hopefully the price will go up soon. 💪🏻 ride the waves !1Report
- Terra_Incognita·2025-03-03TOPYes hopefully. Have chance when BTC recovering to above $90k over the weekend. 💪LikeReport