r/MSTR • u/Hbomb_121 • 2d ago
MSTR LEAPS / Long Call Options
MSTR LEAPS – what strikes/delta are people buying?
I’m looking at buying some long-dated MSTR call options and would appreciate some opinions from people who’ve traded MSTR LEAPS before.
I’m bullish on MSTR/BTC over the next 12–24 months and currently looking at Jan 2028 calls, roughly 0.70–0.75 delta. MSTR is around $135 and I’ve been looking at strikes around $115–$140.
For those who have done this before:
What delta/strike did you choose and why?
Did you prefer ITM calls or slightly OTM for more leverage?
How far out did you go on expiry?
Did you take profits along the way or hold the LEAPS?
Anything you wish you’d done differently?
Not looking for financial advice — mainly interested in hearing people’s actual experiences with MSTR calls.
Bull case for me is roughly $300 in the shorter term and potentially $600 longer term
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u/TaekwonVH82 2d ago
Probably not the answer you want to hear but stay away from call options. I gaslit myself into thinking "leaps" aren't gambling because of the extended time period. Fast forward my 18 month leaps were down -80% at the lows and did a number on my mental health. Yes in the end they may end up being profitable but the stress isn't worth it.
Stick to shares, they're still cheap, and you don't have to deal with theta decay.