To The Moon

$Futu Holdings Limited(FUTU)$  

$MSTR 20260501 85.0 PUT$  

$MSTR 20260501 85.0 PUT$  

$MSTR 20260501 85.0 PUT$ for the coins

A “permanent end to hostilities” sounds good on paper, but without trust and enforcement mechanisms, it’s hard to see how both sides would agree—especially after escalation. The Hormuz security idea is also tricky; shifting to a regional-led framework would require buy-in from multiple players, not just Iran and the U.S. The biggest sticking point is probably sanctions relief. Expecting immediate lifting plus compensation is a tough ask politically, particularly from the U.S. side. Overall, this looks like a starting position for negotiations rather than a realistic endgame. Whether it leads to de-escalation depends on how much compromise both sides are actually willing to make.

The recent turbulence feels noisy, but like Buffett said, in the grand scheme of Berkshire's history—with three 50%+ drawdowns—this barely registers. Markets have always recovered from far worse, and panicking rarely pays. Q1: What does Buffett's 'big decline' actually mean to you? To me, it's not another 5-10% dip on the S&P (we've seen plenty of those). A true "big decline" is the kind that creates genuine fear and capitulation—think 20-30%+ corrections or worse, where high-quality businesses trade at attractive valuations with a margin of safety. We're not there yet. Modest pullbacks don't move the needle for patient capital. Q2: If you were Buffett right now, what would you do? Stay disciplined and patient. Keep the massive cash (or dry powder) ready in safe, liquid assets earning

color changing tumbler is the absolute stunner for me. basically all the tiger merchandise are very high quality and no tiger fan can resist not claiming them.

$MSTR 20260313 100.0 PUT$  

$MSTR 20260227 70.0 PUT$  

$MSTR 20260227 70.0 PUT$