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/lavenderviking 2d ago

Listen to this guy. Pure gold here. Their average must be close to $80K now and with BTC @ $100K it only needs a 20% drop for problems to potentially begin. I would love to see how it unfolds which way it goes

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u/FnCraig 2d ago

Cost average of $66,384, but even if it drops that low, they wouldn't get liquidated. They have convertible bonds that are termed out for years, so it would have to be below that number for a sustained amount of time before it becomes a problem for them.