MSTR

justamemeguy

Measure what the max loss in a catastrophic situation would be if your puts went deep itm, and don't sell more than you can lose in that situation. Something like a blue chip.. maybe 20% in a one day move. Something volatile like MSTR, 50% move. Things like msft nvda your usual suspects, somewhere between a 30-40% one day move.

rdr31

MSTR will absolutely soar on the rebound

Cutlercares

I think MSTR is a better candidate for your thesis. But yeah, dead cat bounce Monday, so get those outs at the top.

jason8585

MSTR calls when it hit 100 was probably the play 

harpswtf

Companies list MSTR hoarding it to gamble on its future price, and banks buying it for ETFs to collect fees from gamblers, isn't in any way indicative of any underlying value. Neither of those examples is a use case, it's just different ways of gambling, which is the only reason anyone anywhere is buying it.

Amrit__Singh

TLDR MSTR earnings call pls

Initial_Ad_9250

You'll buy calls on MSTR bounce and Saylor will just dilute your assets for the 1000th time

1337Scott

My guess for big winners this week is RDDT, MARA, COIN and MSTR. Maybe HOOD earnings.

snek-jazz

MSTR has pretty low leverage though

Ht0wn713

Sold my 7/17 MSTR calls for a huge loss on Thursday so please don’t ask me how I’m doing right now lol 🤦‍♂️

crunchsoop

Should've saved your money for MSTR puts

linewaslong

There isn't. MSTR sold convertibles. If they can't pay, then the bond holders can convert that debt to shares. Sept. 2027 has $1bil due. Conversions would be dilution, more shares representing the same BTC so everyone's shares will be worth even less, but there really isn't any forced sell scenario with the way MSTR is structured

FinanceGraduate

Actually as long as Bitcoin stays up we'll have risk-on sentiment. Judging based on MSTR's 2-hour earnings call (btw it was their most viewed earnings call in history) Mr. SAYLOR attracted a LOT of investor attention. Wall Street knows this. We're about to see a huge rally. Don't forget, the Trump family LOVES crypto.

FurlessSasquatch

Who is going to tell him owning MSTR is no diff than owning BTC except you pay a middle man in MSTR to buy your BTC....

TrickyBar9580

Not much of a win when MSTR is down -80%

Mahrez-

Yup and MSTR will continue pumping on Monday

yayahi

If bitcoin goes to its all time high ratio vs gold, it’ll hit a 3.8x from here. I think it’ll make another ath vs gold like it has been doing for the last 14 years, so 4x from here. That means close to 250k a btc. MSTR is under nav here, it always blows up when btc rises up, easy 6x, 8x is doable for sure but a higher target

Mysterious_Sock_7085

This is so regarded that it might work in next 5 years, you might have convinced me to look at MSTR

yayahi

I have 3000 shares of MSTR now. Avg cost 132. MSTR will be at $1000 by 2030. Short term nerds will shit over saylor for “being below dca avg” and refuse to bid. They’ll buy my bags at 700+ Btc made me a millionaire, time to become a multi millionaire

Interesting_Sock9883

Not the guy who full posted MSTR 😭🙏

baIIern

MSTR of the car world

rdr31

MSTR is the only way to lambo

BarbellPadawan

TSLA is a fucking joke and its investors are imbeciles, but it’s not even the close to the worst public companies being traded and bought by idiots on here. CVNA, MSTR, DJT to name a few.

hellojabroni777

dunno, could pull a MSTR. the short interest is high for $HIMS. it could randomly pop 10-15% for no reason.

NeedleworkerOne8258

If 🌽 goes back below 60k, MSTR is gonna be again a falling knife ! A lot of ppl are FOMOing into this but I don’t see it going back up to 100k this soon ! I might be wrong but I think it will fall more

NeedleworkerOne8258

I think there are high chances MSTR is going below 100 in upcoming weeks

Moepenmoes

Why do people buy MSTR and why do they hate money?

rollerplank

Does anyone know what MSTR actually does or sell?

Embarrassed-Sky6890

Wait there’s a sub for MSTR? So we aren’t the most regarded sub after all

ch0c0l8cake

They bought SLV and MSTR while shorting on Friday... sad time to be a bear

jostradumass

MSTR will hit $170+ this week. Maybe even $190+. My $130, $140, 150 calls will all love this so much.

Bonghead13

100 hours of MSTR research? What did this guy do....watch every single Michael Saylor interview on 0.25x speed 3x each? Hold on, I'll do all the research on MSTR to see whether it's worth buying, and time myself: *Opens balance sheet info in Tradingview* *Looks at Bitcoin weekly chart - sees ginormous head & shoulders pattern playing out, visible since at least last year* Guys, this is not a buy. Time: 37.5 seconds.

PablosCocaineHippo

God i hope the cops get here fast. Someone broke into my home and left a bunch of MSTR shares. Traumatizing

Keef--Girgo

Haven't you heard? According to MSTR CEO yesterday, the 12B loss this quarter was just accounting artifact and they're actually flush with cash. Very safe. Safest of safe.

fire_alarmist

How lol? MSTR has already been trying so hard for the past 6 months and all they could do with like 50 billion in buys is make it go down only 50% instead of 99% L0L

Strict_Property_3327

This is the real thread to follow advice from. Solid tips here. I might contribute a little. I actually sell options on MSTR, however, I have a little more sophisticated wheel system that I follow and works for very volatile stocks like MSTR. I basically sell ITM calls when the stock trends down and CSP when the stock trends up (how I determine the trend is where the sophisticated part is). My average price was $166 a share and it is now $126, and I didn’t buy a single stock to pull that average down. Each week (sometimes longer) I sell deep ITM calls usually $15 below and when the stock falls to that point, I buy those contracts back, rinse and repeat. When it drops really low like this week when the price dropped below my ITM CC strike, I’ll sell OTM puts. Then buy it back or let it expire worthless. With MSTRs volatility, I can almost always count on the price returning to where my CC got assigned and just buy again or sell puts (depending on the trend). You want to learn to “go with the flow” and selling options is a great way to make an income. HOWEVER! And this is the big one. You might have a gambling issue, as I’m sure you’re well aware. No amount of advice or strategies will help you trade successfully until you address that problem. I was an executive and a high earner which made it easy to build up trading funds but even then I traded with 1 contract (or no more than a few thousands) for two years developing a strategy I can be confident in. Then I slowly (and I mean slowly) ramped up my contract size. Seriously, if you wanna do this you gotta be patient and treat this like a business. Build a solid strategy that works for you and expect it to take many months or years to fully test it. Fortunately selling options is hard to lose money on, unless you pick bad companies but you can’t go wrong with boring companies as mentioned. Everyone thinks CC assignments are a bad thing. I don’t get that, I actively want to get assigned and don’t care about missing rips or big moves. My goal is to make .05% - 1% a week. Which is fairly easy (with high IV stocks like MSTR, HOOD, TSLA, etc). I believe in MSTRs long term, the 6 months downtrend sucks. But play your cards right and you can wheel your way around the significant drops. I love selling options. With all that said, being a high earner, you might be better off hiring someone to manage it for you. This trading business, it’s a full time job for a few years. I spent over 4000 hours in 3 years learning, studying, testing, and practicing before quitting my executive job that I hated. This takes real commitment, so if you love your job, I wouldn’t bother trading.

Moepenmoes

The only ones fked monday are the ones who bought MSTR last friday

fire_alarmist

Becuase it could literally go to zero soon and Blackrock is still holding a massive bag from saving the market on the October 10th liquidity crisis in crypto. They had to step in to buy up a shit ton, not sure how much but enough to prop the entire market back up to about where it was. They have been trying to get rid of it for a while with MSTR fake pumping as hard as they can to keep goys interested but legit everyone was dumping it this past week due to it being branded as "Pedocoin" for its use in the Epstein files. The only way to get goys interested again is to appeal to their greed and make it seem like it will be going back to 100k soon.

Doclub29

Ye fuckin idiot buying MSTR lmaooo

TonyStarks81

I personally believe that both bitcoin and MSTR are worthless and deserve to be at $0. I am buying 30 days calls on MSTR and if bitcoin starts running I will keep rolling them out all year. This just seems like another situation where everyone knows what should happen so the exact opposite will happen and everyone here will be screaming corruption while remaining poor.

notyourregularninja

My butt has better probability of being right now than MSTR!!

DDPStellar

If you want to get your money back... MSTR is extremely oversold right now.. follows btc and ran 50% yesterday.. might run more.. nfa

Ice278

Nah, until MSTR is liquidated Bitcoin I wouldn’t touch Bitcoin with a 10 foot poll

pavelnotpablo

Straddle, you’re buying both puts and calls at the same strike and expiry and hoping that either one of them “pumps” up enough to outweigh the premium placed to buy both options. From my limited McDonald’s Wendy’s fuckin uh Burger King experience this week SPECIFICALLY FOR MSTR would’ve been the best to buy a straddle as you had massive gains and losses within a short amount of time

pavelnotpablo

The real move is buying a straddle on MSTR/IBIT and hoping IV goes crazy like this past week. Too bad I’m busy putting the fries in the bag lil bro

GammaReaper_

Kinda like $MSTR?

radicalbot

MSTR calls wtf

aftherith

I own a bunch of corn from years ago and the ups and downs don't phase me in the slightest anymore. But I'm short MSTR so for one weekend only I am one of you weirdly emotional 🌽 haters hoping it drops violently.

Nerfarean

MSTR baggies

Jon472

Na just gotta know when to exit I think CRWV is a great idea. I was shorting MSTR last week and trimmed alittle before earnings but was like earnings is gonna be a bust why cut winners, shows how wrong I was. Thanks for the tip

Walau88

First scenario: MSTR continue to downfall, and your subsequent covered calls strike price will be below your cost average. Second scenario: Your CSP gets assigned when the share price free fall. Both scenarios happened to me when I was thinking of recouping from my losses. Of course the reverse could happen where you will gain back all losses. If I were given a choice all over again, I will sell my assigned shares and deploy to something more predictable. Good luck

Gilly8086

Are you missing something? MSTR was up 26% the day after earnings!!

BadBoyBilbo

It’s likely that the BTC dump was engineered to coincide with MSTR earnings. Can one of the actual autists in the thread forensically investigate the mechanics and options flow around this hypothesis and get back to me?

snek-jazz

I've owned significant bitcoin since it was double digit prices, and trading MSTR since it was 10x lower than it is now. The time spent to get me to those positions was the most lucrative time I ever spent. What exactly is mythical about this?

n1ck90z

MSTR makes no sense to me

randomquartile1

Sold my MSTR puts for a loss as corn was going up.

NewComplaint2065

surely MSTR will go down on monday right

SnooLobsters6940

Saylor doesn't understand it either. ;) There is nothing to understand. This is a huge, leveraged bet. Nothing more, nothing less. Bitcoin, like fiat and many other things, is all based on belief. As long as sufficient people believe in Bitcoin, it goes up. These last few months, many people stopped believing. And because it is a leveraged bet, the loss of belief hit MSTR much harder than it hit Bitcoin. That's all there is to understand. "Bet", "Belief".

gregsting

MSTR shareholders being part of the one percent, 99% of them don’t understand either. The others belong here

tatsandcats95

Bro look into buying MSTR calls and u like can’t fail. This is not financial advice.

greyenlightenment

MSTR down 25% easily, all gains gone probably

Mahrez-

So MSTR and HOOD will get a huge red on Monday？

JarrodH991

lol HOOD, MSTR, COIN… big red incoming for you

Frequent-Hat-5260

MSTR bagholders moving up from moping the floors to handling the fries

EVGOLD

Since you already have 525 shares of $MSTR and you're probably not going to outright sell them, here is what you can do. I call this Layering Covered Call's. You should usually wait till the stock is trading at around resistance area's or after a major run. $MSTR likes to move 20% - 40% in a week Start by selling 1 Weekly Covered Call. Pick a reasonable Strike that if it did sell you're not mad with the weekly gains on the stock or the Call. Today's move was 26% so what I would do is sell next week's Feb13, 2026 $150 Call just one option. Weekly options depreciate faster due to theta and all the other fun little option destroying mechanisms. Here is where the Layering comes in. This can be done all on the same day or you can take your time and stretch it out over a week or 2. Let's say you decided to sell all 5 Covered Calls on the same day. Feb13, 2026 $150 Call. $2.25 for one Covered Call Feb 20, 2026 $160 Call. $2.05 for one Covered Call. Feb 27, 2026 $170 Call. $1.90 for one Covered Call. March 6, 2026 $170 or the $180 Call. $2.50 for one Covered Call. March 13, 20026 $180 or the $190 Call. $2.05 for one Covered Call. Profit on Covered Call's $10.75 - Profit on shares $84,000 If they all get called away. When Feb13, 2026 contract expires you sell the March 20, 2026. Rinse and Repeat So technically you have a contract that expires every week. You can also mess around with the strike prices however you want this was just an example. For the current price of $MSTR and if it decides to keep going 25% per week for the next month. It's soo far down from ATH that anything can happen. You can definitely get a lot more premium buy Selling all at the $150 strike but is it worth it at these lows. Maybe if $MSTR was at the $230 - $250 range you could get a tighter range on the strike's but if you're trying to keep the shares long term, give yourself some price expansion.

neal_73

MSTR sounds too risky to hold for someone in your current position.

TearsOfChildren

Thetagang is safer than just gambling options but I would not pick MSTR to do it. You've got 500 shares so you can sell calls on those but your cost basis is so under water your strikes will eventually get blown by and you'll have to sell at a loss. If you have a serious gambling addiction, that will 100% follow you into selling options, best to get that figured out first.

Harp-Note

Someone out there bought puts on MSTR the day before earnings, then rode calls up the day after. I only did the first, and a little bit on the second. Saved my week lmao.

lovethebike

MSTR, just wait

TradeVue

I mostly agree with you. the difference is the objective, not mechanics. Covered calls don’t reduce downside risk they just reshape outcomes. On MSTR the real risk is the stock, premium is just a buffer. And assignment isn’t a failure it’s an expected outcome that should be planned for But comparing SPY 1 DTE calls to longer dated MSTR calls isn’t apples to apples. Short dated calls are gamma risk, 30–45 DTE calls are mostly theta and vega, especially in high IV. the mistake is selling calls on the entire position. Partial coverage lets some shares run while monetizing volatility on the rest. Income targets depend on IV, when volatility drops, income drops, and that’s fine. Covered calls are bad when used to force yield. They work when IV is elevated, size is controlled and assignment is treated as normal not regret.

OM3N1R

There has to be at least one person that got rich off 0DTE MSTR calls today

Accomplished-Dig1100

I actually do believe in MSTR long term I think there is a growing use for bitcoin hope* for bitcoin to take off Too much hopes in the air dude. I am not an expert but I started on small account lost and made money and lost and made money and lost and made. So SPY, QQQ, IAUM, SCHD, SGOV (40%) GOOG, MSFT, APPL, TSMC, META (40%) 10% Yolo on options and 10% high risk high reward stocks. Sell IAUM, SGOV when market tanks and buy other stocks equally. When made money on options during ATH keeps buying SGOV IAUM SCHD. And now my account dosen’t tank abnormally. Hope you do same

Hfksnfgitndskfjridnf

> It doesn’t matter if they dilute stock or reverse stock split as long as Bitcoin per share is more than if someone were to buy Bitcoin flat out. Bitcoin per share is lower now than it was 6 months ago. In 2026, they’ve bought 41,000 Bitcoin, increasing their total stack by 6.1%, but have only increased BTC per share by .3%. There’s only 21 million Bitcoin and MSTR owns 700k of them already. Being so inefficient with their recent buys simply damages their future potential yield. Having 41,000 more BTC means it’s that much harder to get the same per share yield in the future.

Gonzalo12560

Who bought MSTR calls yesterday? That regard will have a great weekend

sjtomcat

You’ll want to talk with my father. He only sells options and MSTR is one of his darlings. Don’t think he’s ever lost money doing this

TradeVue

For covered calls on specifically on MSTR I’d keep it conservative. Around 30–45 DTE and sell something in the 15–25 delta range. That gives you room for noise without constantly getting your shares called away and the premium is still meaningful when IV is elevated. IMO I would not sell calls on all 525 shares. Pick a portion you’re genuinely okay losing on a rip and leave the rest uncovered so you’re not constantly fighting upside regret. If MSTR runs, let some of it run. This is about survival and being capital efficent, small wins, not sexy. If IV is extreme and you’re feeling stretched, you can go slightly higher delta for a cycle or two,but that should be the exception, not the rule. I would say the goal here is repeatable income with minimal decision making not maxing premium in any single month. This is just how I would personally trade it if I were in your shoes .

TradeVue

Hey man! Covered calls on MSTR can generate income, but they don’t change the main risk. You’re still heavily exposed to a very volatile, Bitcoin linked stock and call premium only mildly offsets downside while capping upside. The $2k per month expectation is optimistic and depends on IV staying elevated, which it won’t consistently. The covered call into CSP flywheel works mechanically, but it concentrates risk in one ticker. CSPs below your cost basis still add exposure if assigned, so this is recycled risk, not lower risk. if the real goal is sustainability and less stress, sell calls on only part of the position and move most premium selling to more boring, liquid names with steadier volatility. Stop framing it as making money back and run it as a forward looking system with hard size limits. LMK if that doesn’t makes sense

GuySmileyPotato

Kinda of secondary to your question, but I think you are falling for the sunk cost fallacy. Your MSTR cost basis doesn't matter anymore. The rational thing to do is, if you think MSTR is a promising stock to own at its price today, then keep it. Otherwise sell it and buy something better. You are costing yourself money if you keep something just because you dislike the idea of closing a position at a loss.

Total_Schedule591

MSTR: -4x% GDP

dankmemeking21

Dude is refusing to answer how he lost the 400k. Then he talks about having 78K in MSTR of all stocks lol. Needs to just SPY/VOO and chill.

LEAPStoTheTITS

The fact you’re using MSTR as an example shows you have absolutely no fucking clue what is going on. We are trying to save you from yourself. It’s like a special needs kid shows up to the cliff with a pillowcase and asks if he can BASE jump with us. Please admit you’re out of your depth and have problems with gambling and stick to index funds or hire a financial advisor.

LEAPStoTheTITS

Buddy, I’m going to be super honest with you. You are overconfident in your ability to make good decisions in the stock market. Which is crazy after fucking your self so hard. MSTR is a crazy pick after losing 400k, another red flag. Why are you still chasing better returns than the S&P after you already proved you cannot with options? Don’t lie to yourself or convince yourself it’s different. It isn’t. Your confidence shows you fundamental do not understand how options work or how they are priced. You are one of the few people I would HIGHLY recommend a financial advisor for. Most of the time they just charge fees to do the exact same thing the individual would, but for you they’d be saving you from yourself. 1% AUM is an expensive fee to pay but it’s CHEEP AS FUCK in comparison to losing almost half a mil gambling. Do you really want to bring your hubris and gambling addiction into your marriage ? Time to hire a financial advisor and admit you’re out of your depth. Play around with a separate account with a tiny amount you’re okay with blowing up if you really can’t stay away from it….. but tbh if you can’t stay away from it, probably means you absolutely should.

horsemonkeycat

Well if true, sounds like he had loaded up on MSTR shares, sold covered calls which eventually ended up ITM at expiry so the shares were assigned away before the shares crashed. Looks possible as there was a run-up last May. Even degenerate gambling can pay off sometimes.

El_Jeffe24

The problem with options is you're reading one high risk play with another high risk play. If you start selling CC on your MSTR shares, you risk turning your unrealized losses into realized losses when you sell at a much lower strike price than your initial share price. And if you have the conviction that it will go back up, you risk losing the shares you think will go back up. If you really want to increase your portfolio value using options, I would leave your MSTR alone. Forget about it, let it do its thing, set it and forget it. Sell puts on "traditional" stocks (not high risk stocks, not stocks that you think might 10x, not stocks you think are the next Nvidia or Palantir). We're talking Mag-7, consumers like coke, Ford, Costco, etc. Or VOO or SPY if you want to do an ETF. Then if you are assigned you can sell covered calls on those shares. Now you're wheeling and relatively safe (or at least significantly safer than working with MSTR).

rdr31

i love MSTR

L-hoodz

MSTR?

Big_Bad_Fish11

I think that I might do this, actually. I transferred out of my Robinhood account into Fidelity today. I was tired of the "gameifying" of the stock market that Robinhood offers, so when my shares transfer over, if MSTR is above my cost average, I may sell and start with CSPs.

Flimsy_Championship8

I hear ya. Honestly, if I were in your position, Id look into maybe turning that 2,500-5000 a month into property. Rental, Airbnb, lease it. Property makes sense because it deliberately pulls you out of the same psychological and financial environment that caused the damage in the first place. High-IV stocks and options, even when used “responsibly” through covered calls and cash-secured puts, still rely on constant price movement, frequent decision-making, and the dopamine loop of short-term wins, which closely mirrors gambling behavior and keeps you emotionally tied to volatility. Property, is boring. There are no minute-by-minute price swings, no IV spikes, and no temptation to size up or chase losses, and that boredom becomes a stabilizing force rather than a weakness. As you move toward marriage, property also converts financial recovery into visible life stability, creating a tangible, shared asset that supports predictable housing costs, forced savings through equity, and long-term trust with a partner in a way a volatile stock position simply cannot. It also diversifies you away from single-factor risk, because right now your recovery thesis is heavily dependent on Bitcoin adoption and MSTR’s leverage, whereas property operates on entirely different economic drivers like housing demand, wages, and inflation, reducing the chance that one macro narrative controls your entire future. MOST importantly, property shifts the focus from trying to “get back to even” to actually moving forward, because it does not care about your past cost basis or whether a speculative asset ever revisits old highs. it rewards patience, consistency, and time rather than timing. In that sense, using excess capital to build toward property reframes the goal away from revenge profits and toward a durable foundation for the next phase of life, where markets can still play a limited role, but no longer define your self-worth. Best of luck to you sir

Big_Bad_Fish11

Ok, so you guys don't do options here? Isn't this kind of discussion what this sub is for? I didn't ask an outlandish question....I was asking what people's strategies are using covered calls/cash secured puts, using this MSTR as an example.

dbd209

I feel like I left a lot on the plate today. I was very confident in the fact that the market would bounce today, and I ended up putting some of my cash to work last night, but only around 15% of it. If I had deployed close to 50% of my cash, I could have easily had a 5 figure day. Disappointing. I feel like these type of dips are the ones where you have to capitalize. You had all of finance twitter spazzing on 3 bad days, people making fun of Saylor and BTC going to zero, etc. MSTR was an easy buy at sub 110 levels and I regret not buying given all the obvious signs that we were gonna bounce today. Next week will be interesting. I feel like today will be a big sigh of relief, and we probably continue this range within SPY and QQQ for a while. If Monday is not red, then today's jump up is probably here to stay for a while, or until Orange Man does something stupid again.

averysmallbeing

No he won't, what he likes is MSTR and other degenerate gambling. 

capitol_cavier

He is a MSTR - baiter. He went full regard. He belongs with us.

Lambull

yeah, but when? In September when MSTR was $115, or in November, when it was $400?

Background_Tie6864

RDDT UNH hurting me but none as pain as MSTR

rideveryday

Calls on MSTR, double or nothing 💪

nuxenolith

Long BTC-short MSTR arbitrage would have done quite well.

mapsosa

man i hope 🌽 pumps on the weekend so i can get some cheap MSTR puts again

aftherith

Corn fading a bit. Probably wishful charting since I went big tard short MSTR this afternoon.

LiamAldridge1117

So, thinking about COIN: Doesn't COINBASE receive a commission on all crypto transactions, whether crypto is dying or not? I wanted to short COIN, as well, but, I don't see it being so clear cut. I killed it on MSTR puts, though. COIN doesn't feel as much as a sure thing as MSTR.

KrabbyPattyCereal

Trading MSTR as a BTC analog is extra stupid because now you’re subject to other random market forces beyond the BTC investment causing volatility. In fact, it’s basically like options on BTC except randomly, a big, horny, sweaty cave troll is allowed to walk up and shit in your market makers lap every so often.