I see 2 possible reasons. 1) As bitcoin price is dropping, MSTR is dropping and MSTX following. 2) MicroStrategy is getting into a tough situation with continuous share dilution to buy more bitcoin. 3) On top of the above, MSTX is distributed the 14.42 which literally cut the stock value by that amount. Unless the Bitcoin regain it's value to100K, I have no hope that the MSTR will come back. So, I am definitely concerned about MSTX.
Sold MSTX in the money covered call @68 ( bought 68 ,sold Jan10 62c ,cost 57) , $14div ,then my cost @$43 . I will roll down toward selling 50 call if MSTX catchs 40 or something ,then I will sell premiums again again .
That explains. Any idea if the existing option contracts that we already bought/sold will also get adjusted? NVDX recently did the same and the strike price on my existing contracts didn't get update. This is bad for Cash-Secured Puts and definitely a big red flag to buy Cash-Secured Puts on leveraged products, especially the highly volatile products like MSTX.
Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Thanks for sharing. I’m wondering why the price dropped so much as well. I sold 100 shares today at a big lose and I still have 200 more shares.
I see 2 possible reasons.
1) As bitcoin price is dropping, MSTR is dropping and MSTX following.
2) MicroStrategy is getting into a tough situation with continuous share dilution to buy more bitcoin.
3) On top of the above, MSTX is distributed the 14.42 which literally cut the stock value by that amount.
Unless the Bitcoin regain it's value to100K, I have no hope that the MSTR will come back. So, I am definitely concerned about MSTX.
Sold MSTX in the money covered call @68 ( bought 68 ,sold Jan10 62c ,cost 57) , $14div ,then my cost @$43 . I will roll down toward selling 50 call if MSTX catchs 40 or something ,then I will sell premiums again again .
Good strategy. In the money calls are best for mstx, I think.
Occ released a memo, price will be adjusted and payout of the div amount per share for the option holders.
That explains. Any idea if the existing option contracts that we already bought/sold will also get adjusted?
NVDX recently did the same and the strike price on my existing contracts didn't get update. This is bad for Cash-Secured Puts and definitely a big red flag to buy Cash-Secured Puts on leveraged products, especially the highly volatile products like MSTX.
MSTZ up today
yeah, MSTZ is an inverse fund and definitely the last 2 days were best for it.
options don't show any ideas?
No, it looks like they removed and added back the next day.
Not able to roll the options in IBKR.... not sure what is happening
I didn't see any corporate actions related to IBKR in recent days. Could be a glitch with your brokerage. Do you see the rolling option now?
Don’t sell until at least end of first quarter!
Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?