Sold more puts on MSTZ at 6 and 5 expiring November 15th. .. Will short MSTX above 100! Earnings have been poor the last quarters. As I said numerous times mstr is extremely over valued. Can it move higher, of course it can, last quarter they did just 100 million in revenue, let me repeat, 100 million in revenue...and with a market capitalization now nearing 50 billion there is no way the market cap justifies it's earnings!
Your logic doesn't make sense. Unless you know exactly when the "fever" will break you are going to lose a lot of money doing this. What if BTC hits $100K+ are you going to keep buying puts on MSTZ? Why don't you just buy MSTY and collect IV dividends in the mean time until the technicals tell you to sell. Yesterday's dividend was 14% on MSTY.
Last earnings announcement!!!!! Please tell me how earnings like this warrant a $40 billion ++ dollar market cap. There is literally ZER000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 growth in this company and nothing, but hot air and hype based off of bitcoin. MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.48). MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The company had revenue of $111.44 million during the quarter, compared to analyst estimates of $121.99 million. During the same quarter last year, the business earned $0.15 EPS. The firm's revenue for the quarter was down 7.4% on a year-over-year basis.
Good luck, mate. The earnings for mstr will be good next year post-FASB Your wish for others to join mstr in investing to bitcoin is coming true, mate