A great option contract

Gamble responsibly.

You gotta really know what you are doing to play options on $MSTR if you are new to options and don’t understand how premiums, volatility and prices work then you are probably going to lose all your money. $MSTR is probably one of the more difficult stocks to play options on due to the volatility.

buying shares will offset most those risk for you if you’re still new to options.

No offense, but if you have to ask those questions, you shouldn't be messing with $MSTR options. If you want crazy exposure, get $MSTU.

If you want to play this while limiting risk while also having a better probability of profit. A debit call spread with your lower buy ATM and sell a higher call about $100 higher. For this strategy you’ll profit the most if the stock price is at or above the strike price of the higher call you sell. Because you’re buying a call and selling at the same time, your risk is the premium you pay and your potential gains are capped once the stock price hits the strike that you’re selling. It’s just a cheaper way for you to get into higher probability calls essentially