In my view, the sweet spot for MSTR is OTM calls that are cheap enough to offer strong leverage, but not so far out of the money that the odds of profiting drop to near zero if the plan is to exercise.
I once bought $30 calls for pennies when the stock was trading at $15. I wasn’t betting on it going to $500 — I was aiming for something like $100, which would’ve still delivered far better returns than simply holding the stock, while leaving room for explosive upside.
This kind of trade gives you leveraged upside exposure (in my case, 21,000%) while still being somewhat conservative.
You take the longest view possible — because you’re betting on being directionally right, not on timing the exact move.
