Bitcoin and MSTR price correlation

Discussion in 'Crypto Assets' started by johnarb, Nov 9, 2021.

  1. johnarb

    johnarb

    Pullbacks? I guess it's a pullback when you lose 90% of your portfolio value over the course of over 2.7 years

    It's a pullback when every rallies are sold during that time

    You were here already look up the Bitcoin Price thread when all the bitcoin critics were celebrating with glee all the price crashes and saying I told you so's many times to hoi and others who believed in bitcoin

    I don't have a word for more than 2 years but less than 3 years which was the case in both instances Jan 2014 to late 2016
     
    #51     Dec 6, 2021
  2. johnarb

    johnarb

    Bump

    MSTR @ $600.84

    MSTR Jan 2022 750 calls are $19.45 each (x5)
     
    #52     Dec 10, 2021
  3. Sprout

    Sprout


    Michael compares assets;




    Raoul talks about the "Exponential Age"

     
    Last edited: Dec 11, 2021
    #53     Dec 11, 2021
    johnarb likes this.
  4. johnarb

    johnarb

    Bump. Unless btc goes above $70K, this will be the last update until expiration week, third week of January 2022


    MSTR @ $571.64

    MSTR Jan 2022 750 calls are $14.45 each (x5)
     
    #54     Dec 14, 2021
  5. VicBee

    VicBee

    December 13, 2021 02:24 PM ET (BZ Newswire) -- Options

    A whale with a lot of money to spend has taken a noticeably bearish stance on MicroStrategy.

    Looking at options history for MicroStrategy (NASDAQ:MSTR) we detected 43 strange trades.

    If we consider the specifics of each trade, it is accurate to state that 46.51% of the investors opened trades with bullish expectations and 53.49% with bearish.

    From the overall spotted trades, 22 are puts, for a total amount of $4,286,411.00 and 21, calls, for a total amount of $1,066,277.00.

    What's The Price Target?
    Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $250.0 to $1900.0 for MicroStrategy over the last 3 months.

    Volume & Open Interest Development
    In terms of liquidity and interest, the mean open interest for MicroStrategy options trades today is 188.45 with a total volume of 881.00.

    In the following chart, we are able to follow the development of volume and open interest of call and put options for MicroStrategy's big money trades within a strike price range of $250.0 to $1900.0 over the last 30 days.

    MicroStrategy Option Volume And Open Interest Over Last 30 Days
    [​IMG]

    Biggest Options Spotted:

    Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
    MSTR PUT TRADE BULLISH 01/20/23 $1550.00 $1.1M 88 36
    MSTR PUT TRADE BULLISH 01/20/23 $1550.00 $1.0M 88 25
    MSTR PUT SWEEP BEARISH 01/20/23 $1550.00 $819.6K 88 44
    MSTR PUT TRADE BEARISH 01/20/23 $1550.00 $510.0K 88 5
    MSTR CALL TRADE BEARISH 03/18/22 $500.00 $139.6K 48 10

    Where Is MicroStrategy Standing Right Now?
    • With a volume of 241,701.00, the price of MSTR is down -4.39% at $574.48.
    • RSI indicators hint that the underlying stock may be oversold.
    • Next earnings are expected to be released in 45 days.
    Copyright © 2021 Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved.
    Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.com).
     
    #55     Dec 15, 2021
    johnarb likes this.
  6. Overnight

    Overnight

    One never knows, you might have a belated X-MAS. ;-)
     
    #56     Dec 20, 2021
    johnarb likes this.
  7. johnarb

    johnarb

    Maybe :D

    I'm good with a Happy New Year fireworks, also

    New Year, new $$$ inflows from funds
     
    #57     Dec 21, 2021
  8. johnarb

    johnarb

    Expiration week for the MSTR 750 calls Jan/2022

    Invested about $50K, at one time worth $100K now position is worth less than $1K and will expire worthless on Friday

    I also lost a lot of m2m $ value on the actual crypto portfolio more than 10x the $50K but there's no expiration date on the crypto portfolio and can hodl for years

    I still like MSTR as hedge fund proxy ETF for Bitcoin so maybe I'll come back later to buy call leaps on MSTR

    Only a miracle move on btc to $70K before Friday close can save this position :D
     
    #58     Jan 18, 2022
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  9. BKR88

    BKR88

    HODLed away a nice profit in MARA & HUT also. Equity though so there's still hope. :)
     
    #59     Jan 18, 2022
    johnarb likes this.
  10. VicBee

    VicBee

    Yeah, this is ugly... switched from trader to investor :( oh well! Just glad I don't need the funds anytime soon. No quick recovery when MARA and MSTR are down 45+% from my buys and BTC is in crisis.

    I continue to believe this significant drop is manufactured, to push the millions of RBH traders back in the workforce and put pressure on inflationary pay rates. Keep an eye on employment figures as key parameter of how successful this is.
     
    #60     Jan 18, 2022
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