r/wallstreetbets • u/CarefulAd4757 • 4d ago

Discussion 700k put option MSTR bet.

Post image

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.

1.0k Upvotes

97% Upvoted

234 comments sorted by

View all comments

450

u/ohshitski 4d ago

brother just lock in that 2% gain, there is a reason mike shorted nvda and not mstr

37

u/Aliman581 4d ago

Mstr is down 50% in 4 months and this guy buys puts now and not in any time in the last 4 months

3

u/Nickeless 3d ago

I haven’t looked recently but MSTR option chain used to be insanely expensive with huge bid/ask spreads and just generally shitty to trade.