Look up the thread title, I don't play for "income", I play for asymmetric risk-reward Long leveraged bitcoin volatility squared MSTR is leveraged play on bitcoin (nav multiples on their bitcoin treasury book value), options are leveraged play on MSTR
Yeah but unless you hit close to one standard deviation move in your direction probably going to make more money as a dividend over a year and a half... Or split it so you still have some upside with a hedge?
Thank you for the advice, but I'm not doing too bad and I don't do too many stock market (options) trades I've only done 3 options trades since 2021 and this current $160k risk capital trade is the 4th one [edit: +1 I did an AMD call options trade in 2021] https://www.elitetrader.com/et/threads/bitcoin-price-thread.315402/page-341#post-5413536 https://www.elitetrader.com/et/threads/bitcoin-price-thread.315402/page-350#post-5443406 My last stock market (options) trade was over 10 years before 2021, (I think 2010 or 2009)
Hey I'm all for leaps but have been on both ends of them... I was loaded up on twitter leaps that I was holding for 6 months when a bid came in ....was up big and then wiped out the next morning after Google and CRM pulled out..
I'm still flat and out of MSTR. But I finally got around to putting a trade onto Wulf again. It's been the 2nd day now in a row they faltered hard. Down another 8% today, and unlike Friday where I failed to get filled, I successfully shorted the December contract. It's just pocket change cash to help out with my assignments coming due on Expiration Friday. The last time I looked at Open Interest there were 400K of them, now it's up to 472K... something's happened.
John, I found this post quite interesting. I'm by no means able to psychologically take any positions here, but his list of benefits for meme coins is quite thought provoking. From what little I see and what little I know, I just don't think this cycle is happening the way I can look back and see previous cycles. Gaming is dead, NFTs are dead, AI coins maybe can come around, but who knows. Other Level 1's are also dead. So I really think this cycle is going to be all about Bitcoin and the meme coins.
Thank you very much, Noah! will definitely take a look at this! I saw a tweet earlier today Murad is a bitcoin maxi turned memecoin evangelist, so it pretty much lines up with what you said, lol Bitcoin and meme coin so far in this bull market cycle are my only significant crypto asset holdings, but if (when) I start cashing out of popcat, it will be to a defi/stablecoin ecosystem DeFi is not dead, and imho will always be active, albeit the TVL (total value locked) fluctuates wildly in the bull market and bear market cycle, 100's of percents upside to >80-90% downside, respectively The reason DeFi lives on in all cycles, bull & bear and sideways is because it's literally the financial system of the crypto assets ecosystem DeX, swap newly issued coins not listed on any exchange, liquidity pools and yield farming, staking for yield incentives to support the crypto projects, remember no employees, but people who are willing to support and provide their efforts will be rewarded with tokens that they are incentivized to increase the value of, banking system, borrow/lend (loan/deposit in TradFi) and the resulting market supply/demand dynamics that produce true interest rates not artificially propped up or suppressed by central banks Ethena, Pendle, Uniswap, Jupiter dex, AAVE, Venus, USDe, USDT,
Great Twitter thread! Thank you for sharing! Yea, been trying to get in on SPX6900 memecoin, that thing is a beast, his #1 memecoin pick
So when is he going to tell us something we don't already know? Should I post a video of myself pacing around speaking frantically so people will think I'm onto something? Retail has been hail marying meme coins since before Dogecoin...