This week I slowly started to short MSTR, sold 3 puts on MSTZ 2 at 14 and 1 at 12 ....will add more if it continues to fall..... Bitcoin rose on the fed cuts of 50 basis points...
Can you hold 2x long term or due the fees or whatever financial voodoo that is applied to them eat away at profits? Is there a dividend? https://www.reddit.com/r/personalfinance/s/5LaDD46HnZ
Technically you have it backwards. Bitcoin Rose because it had an extension to complete..the Fed cutting rates was part in parcel.
MSTR is qualified to be included in the QQQ and the SPY indices... but the powers that be refuse So, singlehandedly, MSTR is building an ETF industry by itself with all these leveraged etf's long and short based on the MSTR shares With the foundation of bitcoin the global monetary asset that is about to explode in price in the next 3 months Uptober is next week, plan accordingly prolly nothing...
Re: MSTR convertible debt, someone posted on Twitter that as the price of mstr goes higher, the debt converted to shares, poof, no more debt, but keep all the bitcoin Brilliant! Unlimited shares for scarce digital asset
Yeah, but look at the price of MSTR @ 175 per share. I mean you're multiple is going to be garbage unless you're a millionaire already. Mstx though looks promising.
Been away from the BTC space for a while now, Just started listening to Saylor again. How did those MSTR calls you opened turn out?
The one opened in January 2024 and closed out in sections, profit of over $700k from investment of $40k The one opened in June 2024 is still active, planning to close the position 2nd half of next year 2025, currently -$18k m2m on an investment of $160k Are you going back to crypto? Meme coins is the best performing sector fwiw, could change and rotate to AI or gaming