Good Morning.

I thought I would try a slightly different cadence in sending this email out this morning. I thought I would try to let the market open and find something in real time and share it with you.

Remember, I will be asking a huge favor of you in tomorrow’s email. It will be small and simple and will cost you nothing, but will go a long way in helping me deliver these emails every single day.

I hope you will help me out!

MSTR - $136C - 3/20 Exp

I am eyeing MSTR here on 1 specific move. MSTR is one of my favorite positions to trade due to it’s volatility.

In this situation, we have negative gamma overhead until $140. Any bit of upward momentum could squeeze this up to 140 pretty quick. I would plan to exit at the 140 range from this 136 entry.

However, let’s not ignore the negative gamma exposure below as well. This has slipped a lot today on open (which is why im particularly paying attention to the mid day bounce) but it could slip more with that negative gamma.

If you take a position, have a quick stop loss in the 134’s. Losing that range likely means downward continuation.

I do have a small position here with the $136 calls. If we get that squeeze I’ll take my profits. If we don’t I’ll cut out early.

I hope this info is helpful to you all. I just want to help you guys actually make trades based on data, tools, and institutional positioning. It doesn’t make it a “sure thing” but improves odds a lot.

We will chat tomorrow.

-Caleb