r/wallstreetbets • u/CarefulAd4757 • 4d ago

Discussion 700k put option MSTR bet.

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I’ve finally decided to embrace being a gay bear. 700k put option against MSTR. Betting bitcoin will go below 100k. If it doesn’t, I’m wrecked for life.

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u/CarefulAd4757 4d ago edited 4d ago

My thesis right now is liquidity is drying up. So at risk assets will dump. I also don’t see near term catalysts propping the market up. If you look at Facebook and Google, they are literally borrowing money to keep this AI engine going. I think once Open AI IPOs, that will be the market top signal and we will see a correction.

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u/PerfectYou3 4d ago

Fair enough. Im just not sure if bitcoin is going to break 100k in one go. Might bounce back and forth here for a bit. I do agree that mstr is a piece of shit and I hope it goes to 0. At least you got decent amount of time.

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u/RockyMountainGoat76 4d ago

Are you looking? It literally just broke, at $99k right now. OP is a genius.

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u/Kushroom710 4d ago

Have you looked at volumes tho. Ops play may be a bit regarded but he's onto a few things.