$MSTR 20251031 200.0 PUT$ 

This MSTR cash-secured put was an earnings play.

Having tracked MSTR’s past year of earnings reactions, I noticed that earnings reports tend to have minimal direct impact on the share price. However, implied volatility (IV) consistently spikes around earnings, offering attractive option premiums.

This time, MSTR delivered a solid report and the market responded positively, pushing the stock up nearly 6% by week’s end. My contract expired worthless, and I pocketed the full premium — a straightforward, clean win from a calculated volatility play.

MSTR PUT
11-01 14:36
US20251031 200.0
SidePriceRealized P&L
Buy
Close
0.00+100.00%
Closed
Strategy
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  • Venus Reade
    ·2025-11-04
    Tax loss selling will take this below $200. And that's not even considering Bitcoin will be around $80K by end of year.

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  • Merle Ted
    ·2025-11-04
    Would love to see what this thing does if Bitcoin loses 100k.
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  • BirdieO
    ·2025-11-02
    Awesome strategy on that MSTR trade! [Great]
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