10x Research: The stock price of Strategy is far below its peak, indicating that investor enthusiasm is waning

Odaily Planet Daily News 10x Research is optimistic about the put options for Strategy (MSTR), as the stock price of this Nasdaq-listed Bitcoin holding company has diverged from the rising Bitcoin price. In a report sent to clients, 10x Research suggested a put spread strategy for MSTR, which involves buying a put option with a strike price of $370 while selling a put option with a strike price of $300, both expiring on June 27. “This trade reflects the widening disconnection between Bitcoin's strong performance and the weakening momentum and volatility of MicroStrategy,” explained 10x Research founder Markus Thielen when discussing the put spread strategy. “Despite Bitcoin hitting an all-time high, MSTR's stock price remains far below its peak, indicating that investor enthusiasm is waning.” (CoinDesk)