Microstrategy is Michael Saylor’s levered vehicle. ~68% of its market capitalization is its below holding.
Short Interest is 30%.
Saylor raised $500M recently for more buying.
The bet is to buy 600 strike FDs which, IMO, are remarkably cheap.
It’s my top equity holding too.
Anyway the near-term 600 strike calls appear to be quite cheap given that MSTR moves tend to occur rapidly and sometimes over the weekend.
Good luck if anyone joins me.
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June 11, 2021 at 11:15AM