My Bullseye pick this week is to buy (MSTR) call options.

MSTR calls near $7 – 5 days later $28 = %300

My Reasoning:

My Trade Plan Details:

• MSTR May 2 $350 calls near $7.00
  
• Stop: Closes MSTR below $310
• Target 1: $340
  
• Target 2: $360
  

This continues to be a very challenging time to be a trader right now.

It doesn’t matter if you are betting to the upside or downside, the market swings each day are very tough to manage.

I am being very nimble with my trading, and I have very little conviction in the markets right now.

This is not the ideal trading environment for me, so I continue to take small shots when I see opportunities I like, and take profits (or losses) very quickly.

I am mainly in cash, patiently waiting on the sidelines most days.

One of the interesting trends I’m currently observing is in the crypto space.

Surprisingly, Bitcoin has been very stable lately, and stocks in that sector have been steadily rising.

While I am not a big fan of the markets overall right now, I do see a bright spot in the crypto space, and I am cautiously wading into it.