Power Plays Options New Idea: MSTR Calls
October 17, 2024
By Scott Redler
I remain bullish on Bitcoin through year-end, so I am adding a new options idea on MicroStrategy (MSTR) here:
- Long MSTR December 20 $250 calls
- Entry Range: $29 to $32
If Bitcoin rallies the way I expect, MSTR should disproportionately benefit, sending these calls higher.
Be aware that MSTR is a volatile name so keep that in mind as you size any potential position.
Stay tuned for more updates.
-Scott
About Power Plays Options Ideas
Depending upon the name, Scott may not introduce a specific exit plan at the time of idea initiation. This is because options prices can move so far so fast, and Scott prioritizes flexibility. However, if Power Plays removes an options idea (whether it's up or down), Scott will notify you with an alert.
Scott Redler Positions Disclosure as of 2024-10-17 at 11.13.39 AM