Good Morning!

Happy Monday. It’s time to kick off another week of trading. Hope you all had a great Halloween weekend.

I’ve got two stocks that I am focusing on today as I like each of their setups a lot.

MSTR has been beat up over the past few months. The stock is way down from all time highs. Painful for current shareholders but an opportunity for those who don’t yet own the stock. Flow was coming in bullish on Friday. I’ve selected the $285 strike to show you. While I am showing you this, I’d prefer a little bit of a longer contract on mstr. If i make a trade on it I’d probably go 6-8 weeks on the expiration. I did buy shares of the stock on Friday as I think we are near capitulation range on the price per share.

Bullish flow came in all week last week and MSTR beat on all things earnings. They had a productive earnings call and look poised to turn the corner. I have no official play for this on an options contract basis but you can bet I’ll be watching closely today for potential entries on a mid-term timeframe.

I continue to watch CRCL as a turn around play as well. Large orders continue to come in on CRCL at various strikes and various expiration dates. I do tend to believe that just like MSTR, CRCL is near the bottom of its current slide and due for a strong bounce. They do have earnings coming up in about a week and obviously that could be the catalyst should they report good numbers.

I continue to watch for now as I will be paying close attention to the order book for CRCL today to watch for any unusual volume. This one remains high on my list and we just need a spark to get it moving.

Let’s have a great week!

-Caleb