@PeterSchiff The fact that $MSTR can buy all that Bitcoin and the price drops is a great sign. It tells you that the market is DEEP and no single player can influence price. You’ve mentioned how $BTC would crash if Saylor sold any of $MSTR’s Bitcoin position, but this proves otherwise…
@PeterSchiff No, the assumption is that if Bitcoin rises 2%/yr MSTR can continue selling its OWN EQUITY to pay STRC dividends. Also, if the MNAV premium drops below 1.0, they can take advantage of BTC volatility and sell options on MSTR, IBIT or BTC directly to pay for STRC Dividends
@TheTradeBuster@jp_JellyRoll Lol he can’t get past the $188k ‘drawdown’ and the math when credit targeting on a multi-million dollar account vs 1/10 size account. Too advanced
@jp_JellyRoll@TheTradeBuster Saying that TE is a vehicle to capture Theta is very different from saying “Theta is an edge”… which is it? Now you’re stuck on semantics? Stop deflecting and just admit that the strategy works.
@jp_JellyRoll@TheTradeBuster Obviously the man is managing way more than that. There’s no ‘guessing’. I don’t know the exact amount but I am certain that it’s a lot more than one million
@jp_JellyRoll@TheTradeBuster Nobody would manage a hedge fund of one million dollars… that’s a waste of time. So what, you can collect $20k in expense fees and some performance bonus? That doesn’t even cover the setup cost or allow for a living wage.
@jp_JellyRoll@TheTradeBuster The backtests and live trading data has already been published to support this…. Crazy how people can just say anything on Twitter with no basis of truth. To anyone reading this, be careful who/where you get your information from
@jp_JellyRoll@TheTradeBuster Again, this is just factually incorrect. Selling PUTs the way @TheTradeBuster outlined has less risk and outperforms the S&P 500. It’s better risk adjusted return… It also uses less buying power and thus is LESS expensive