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Investment Strategies / Falling Knives
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Author: Engr27   😊 😞
Number: of 1023 
Subject: Re: MSTR (Strategy Inc )
Date: 12/02/25 1:44 PM
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MSTR stock is down 60% from July (from $450 to $180 / share), I sometimes wish I had the courage to short this :)

On Nov 22, 2024 MSTR closed at ~$421. Some time during that day I bought $30 puts (Jan'27 expiration) for $3.70. Just one contract, so $370 "investment".

A little over a year later, with the stock 56% lower than when I bought the puts, the puts are worth $2.47. The implied volatility must have been through the roof when I bought -- I don't think time value decay fully explains it.
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