MSTR Trend Test
It looked like MSTR might go all the way down to fill the gap near $270, but not quite. Strong recovery and a reclaim of $371. Will be looking to open some longer term puts on this if it goes up for a test of the trendline above that started in November.
Looks like a good setup and there would be tight risk on the entry if it hits, not gonna stick around on this one if it were to break after entering. I'd be more inclined to hold longer term puts on a weaker stock, but not this one for now. It still has quite a ways to go, but this thing moves fast so we'll see.
Looks like a good setup and there would be tight risk on the entry if it hits, not gonna stick around on this one if it were to break after entering. I'd be more inclined to hold longer term puts on a weaker stock, but not this one for now. It still has quite a ways to go, but this thing moves fast so we'll see.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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