Thanks! Understandable, i posted the link on the bitcoin price thread to the old post on this thread showing the m2m loss was in early September, biggest drawdown m2m bitcoin was low 50k, went as low as 47k intraday, mstr from memory was $120'sh, now bitcoin is above $74k and mstr is above $250
Today I got a fill and closed out all my CME FOPs on BTC. When Mr. Market gives you a big win in a short amount of time... take it. Still holding on a lot of Long Calls and other contracts, so I'm basically crystalizing some profits now, and taking more margin-risk off the table.
Going over my inventory now. Despite I did the short-put play on MSTR Friday which doesn't expire till end of the year... Today it looks like almost half the premium is already milked, lol. I may decide to go flat again sooner rather than later and just take the gifts early.
Remember when I mentioned MSTR's little new cousin on the block, Semler Scientific? Looks like the stock price has crossed the 2x point already. Of course, I wish I had loaded up on more round-lots... (knew I'd be saying this eventually). Haha.
Latest video by Mark Meldrum. First 14 minutes he re-caps again over MSTR's 'Ponzi' scheme. He upgrades investors from 'Stupid' to just 'Uninformed' IIRC. Part of his reasoning again goes to the fact that MSTR is dilutive. Investors get diluted, while management keeps undiluted shares for themselves.
Thank you very much, Des!! You are the master of the options universe and I am merely a casual visitor, hoping to be able to stay a while, survive and not blow up