Date: 03/06/2026
MSTR Price: $MSTR ( ▼ 4.49% )
Bitcoin Price: $BTC ( ▼ 3.72% )
IV Environment: 76%
Market Snapshot
Strategy (MSTR)
Current Price: $139
Short-Term Trend (7–30 days): Going Up
Key Level(s): Accumulation
Recent News / Catalyst: US-Iran Attacks
Commentary:
MSTR broke out to $149 before selling off after a massive Wednesday runup. Bitcoin is volatile due to the US-Iran Conflict. Also, the banks are holding up the Clarity Act in Congress to avoid losing depositors to stablecoin yielding products.
Options Ending on March 13th have a bearish Put to Call Volume ratio of 1.36.
So far, I went 3 for 3 success rate for last week’s covered call trade picks. I still think MSTR will close around $165 by EOM but the trip will be volatile as usual.
March is the 3rd best performing month for MSTR since BSE
Bitcoin (BTC)
Current Price: $BTC ( ▼ 3.72% )
Daily Trend: Down
Weekly Structure: Upwards
Coinbase Premium / ETF Flow Context: Positive
Commentary:
Bitcoin soared to almost $74,000 after positive social media posts from Trump urging Congress to pass the Clarity Act. There is lots of geopolitical uncertainty, which means BTC prices are like a rollercoaster.
This Week’s Covered Call Trades
🟢 Conservative
Strike: $170
Expiration: 03/13/2026
Total Premium (1 contract): $44
Yield on Shares (%): 0.31%
Annualized Yield (%): 16.12%
Delta: 0.06
Estimated Assignment Probability: 6%
Why this trade makes sense now:
MSTR is up 16% on average in March since BSE. This trade provides income but also protects against any bullish BTC movements during the middle part of the month.
🟡 Balanced
Strike: $160
Expiration: 03/13/2026
Total Premium (1 contract): $100
Yield on Shares (%): 0.71%
Annualized Yield (%): 36.4%
Delta: 0.13
Estimated Assignment Probability: 13%
Risk / Reward Notes:
MSTR showed some strength as it pushed towards $149 on Wednesday March 4th 2026. This trade assums MSTR breaks past previous resistance before March 13th.
🔴 Aggressive Income
Strike: $150
Expiration: 03/13/2026
Total Premium (1 contract): $265
Yield on Shares (%): 1.9%
Annualized Yield (%): 99%
Delta: 0.28
Estimated Assignment Probability: 28%
Assignment Probability Commentary:
This trade sells a covered call just above the $149 level assuming MSTR doesn’t pump again next week. Weekly charts are bullish so this trade has some risk of losing your shares if the bullish momentum continues.
Strike | Expiration | Premium | % Yield |
|---|---|---|---|
$150 | 03/13/2026 | $265 | 1.9% |
$160 | 03/13/2026 | $100 | 0.71% |
$170 | 03/13/2026 | $44 | 0.31% |
FAQ
Q: What happens if I get assigned?
You sell your shares at the agreed strike price to the buyer of your covered call.
Q: What if MSTR drops hard?
You get to keep the covered call premiums but must deal with unrealized losses from your underlying MSTR shares
Q: Can I roll this trade?
Yes. You can roll your options into next week or next month.
Q: Is this financial advice?
These are the trades that I would select for next week based on the current MSTR and BTC trading environment. Not financial advice.
Closing Note:
Selling covered calls takes time and practice to get good at it. Most options expire worthless so don’t worry too much if your call is close to the strike price. We are still in the crypto bear market so don’t expect these short term bullish price movements to last that long.