@Terra Incognita:
I closed $MSTR 20241220 300.0 PUT$ ,MSTR: collected full premium when this cash secured puts expired worthless on 20th Dec. MSTR is down almost 11% this week when BTC is down only 7.5% for yet another week of weaker performance against BTC. Suspect valuation multiples contraction will persists until it settles to a lower level. One can be bullish on BTC and yet bearish on MSTR. Saylor is a great visionary and I acknowledge that. Haven't jump into the Saylor camp yet.