Assortment of OTM MSTR Puts
MSTR is filling my alerts for the optimal short zone mentioned previously.
I've explained the various macro bear trend setups in MSTR previously. For some additional stuff;
Generally a correction will be two legs. When it's not, there's usually at least 4. 3 corrective legs is rarer. Breaking under might have been a bear break.
If it was, a retracement is always fair game but now we're into the zone this can be faded.
Selling calls into the rally and buying an assortment of deep OTM puts on MSTR
Put $210.00 - Last: $1.22, Bid: $1.07, Ask: $1.21, Vol: 44.0, IV: 115.0%, OTM
Put $205.00 - Last: $1.09, Bid: $0.98, Ask: $1.12, Vol: 53.0, IV: 118.4%, OTM
Put $215.00 - Last: $1.27, Bid: $1.16, Ask: $1.34, Vol: 33.0, IV: 111.9%, OTM
Put $200.00 - Last: $1.00, Bid: $0.90, Ask: $1.04, Vol: 123.0, IV: 121.8%, OTM
Put $220.00 - Last: $1.40, Bid: $1.28, Ask: $1.40, Vol: 22.0, IV: 108.3%, OTM
