You keep assuming that bitcoin will continue to go up...what's going to happen if bitcoin begins a 2 year downturn cycle? If debt holders haven't shorted which most wouldn't because they don't want to nullify the potential gains, they will be holding a depreciating asset in the convertible bond so will have no choice but to hold to maturity and be happy with the interest earned. MSTR will not be able to sell any bonds in a downturn, and will have to liquidate bitcoin to settle up, or release shares....a 3 prong attack on the stock price. This is how you would get to sub $100 share price. You are lobbing soft balls man!
convertible debt is tied to mstr shares (price) i got trolled, i refuse to belive you are this dumb, the resources are out there,
Even worse...MSTR may not track bitcoin either. The whole premise that makes these bonds appetizing is that MSTR 4x bitcoin price movements.
I just use wisesheets and get all financial data imported into a spreadsheet. This is one of the templates they offer...I think its Roaring kitty inspired. You can also just build your own using the built in functions.
I am switching to MSTU for premium. Trade: Buy/write 100 shares @ 138 /sell 1 Dec27 160 call @ 17 I should have waited for my $134 limit order, but fomo kicked in as I didn't want to miss entry due to a gap up. I don't care if it drops cause can avg down. I was going to enter yesterday but I expected more downside today. New "Spectrum" chart feature! The spectrum chart lets me find the sweet spot between premium and upside potential when selling a call...depending on my sentiment.
You realize this is the same trade that you stated you avoid,while also incorrectly referring to it as a vert.. What changed in the last 3 hours??? Now you like the payoff??? And why on earth are you going out to 12/27 vs the 2025 MSTR Buy Write Scat showed??
The previous chart is off... Here is what it should look like. I chose 160 strike so I collect a fair bit of premium, but also gain the upside to the where I think price can reach by exp.
This was down to 124 today and now it's back up to 140 lol. I didn't even notice until now...should have bought more
@deaddog You wanted me to share a live position well here it is...or do you only comment on the losers lol? I got in @ 138...price dropped to $134 but I was napping so missed the buying opportunity...currently at $146 so I am up $800 but my target price is $160 or higher so will pnl $2200 on the shares + the $1700 I collected in premium. 1SD up would be about $193, but I didn't want to give up too much premium for potential gains...went with a happy medium. Return on capital 28% Return on risk 78% (1SD move)