To The Moon

$MicroStrategy(MSTR)$On Thursday, bitcoin holder MSTR plunged 16%, seemingly due to Citron Research's short announcement. Citron stated that MSTR's trading volume had completely disconnected from bitcoin fundamentals. While still bullish on bitcoin, they're hedging by shorting MSTR.Notably, Citron's X statement came at 10:43 PM on November 21st, after Thursday's close. MSTR had already fallen 16% before closing, suggesting Citron may be taking credit for the decline.Citron didn't disclose their short position type - stocks or options. Given options allow for both price and volatility shorts, I suspect they're using options, likely selling calls to short both volatility and price.Thursday saw numerous large call sales, any of which could be Citron'

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated. After a dramatic bull run following the election of Donald Trump last week, Tesla (NASDAQ:

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