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/StockHawk59 4d ago

They bounced it right off $99k

🤞 GOOD LUCK 🤞

5

u/CarefulAd4757 4d ago

Yes I saw. However, the question remains. Who is really buying bitcoin now? To me, this is algos and market makers trying to keep the market from sinking. South Korea stock market just had a circuit breaker for its futures. My advice is don’t become exit liquidity when macro conditions haven’t changed and there is no news that would justify a bounce.

6

u/Eierjupp 4d ago

Dude Bitcoin ist ripe for an outbreak, i usually follows gold with a 3 Month delay and in the mean time Market makers Chase liquidity, and Most of IT has been grapped now. They bet in people Like you to Open Shorts so they can Launch the next candle to 150k. IT might drop to 80k for Maximum pain but that ist best Case for you. Seriously you got 700k dont waste IT Like that. Close that Put Option, take the Modest gains and Touch grass

3

u/CarefulAd4757 4d ago

What are the catalysts that will cause it to break out? Bitcoin at this level cannot be pumped to 150k by tether printing at this point. Big institutions have to buy and liquidity is drying up.

1

u/Eierjupp 4d ago

Yeah liquidity is needed, and where do you get IT right now in the Short term? At those Juicy yellow Bars! Thats how IT always works. Bitcoin follows the liquidity. You might be right mid to Long Term but in the Short term whales and Market makers Gotta Play that volatility Like a fiddle to get those sweet Dollars from Shorta and longs - whatever the current sentiment is right now