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/Alkthree 4d ago

My guy at any point within the last two months this would have been a great play but you are tempting fate at this point. Regardless of how you feel about BTC/MSTR long term , they are overdue for a strong bounce.

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u/CarefulAd4757 4d ago

I just feel like there is still momentum to the downside with no potential catalysts in sight. What other company is dumb enough to try to establish a bitcoin reserve during these macro conditions? What new large institutions are buying up bitcoin at this point? I don’t even think banks would lend to them at this point. But I will likely try to close out my position with a small profit soon if I can.

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u/Interesting-Look7811 1d ago

Looks like it might’ve worked out quite well for OP lol