This MSTR bull put spread popped up on our scanner this morning. What I really like about this trade idea is that the stock gapped higher today, pulled back and now is trying to rise again towards a resistance level (200 moving average on hourly). That could be a sign of bullish strength. It also has some potential support from prior pivots at the short strike (124). In addition, current IV levels are above historical levels. Options may be a little overpriced which is great for selling premium.
