I just invested 605.9K into MSTR puts with a strike of 120.0 expiring on 2024-09-20, as concerns about further downgrades loom over MicroStrategy due to its aggressive Bitcoin strategy and high debt. The recent volatility in Bitcoin's price only adds to my cautious outlook on this investment.

I believe MicroStrategy is positioned strongly given its significant Bitcoin holdings and its innovative financial strategies like convertible bonds. The stock has outperformed the S&P significantly, suggesting a robust growth potential ahead. This makes it a solid pick for a swing trade as Bitcoin's price movements continue to create opportunities.

Given MicroStrategy's (MSTR) aggressive Bitcoin investments and the upcoming stock split, I'm anticipating heightened volatility that could lead to significant short-term gains. Despite the risks tied to Bitcoin's volatility, the potential upside makes MSTR an attractive swing trade opportunity now.

Given MicroStrategy's (MSTR) aggressive Bitcoin investments and the upcoming stock split, I'm anticipating heightened volatility that could lead to significant short-term gains. Despite the risks tied to Bitcoin's volatility, the potential upside makes buying MSTR call options an attractive swing trade opportunity now.

If you can swing it, leap puts on MSTR. The company’s value is highly levered to Bitcoin and regardless of what the news tells you, and without a physical backing by any means, HFT funds will paperhand all crypto without hesitation at the slightest hint of economic turmoil.

I believe MSTR is on the brink of soaring to $2,000 due to a combination of a bull flag breakout and major institutional option buys targeting very out-of-the-money calls. With Bitcoin possibly testing $70k soon and MSTR's likely announcement of increased BTC holdings in their upcoming earnings report, I see significant upside. I'm planning on reinvesting my gains back into even higher strike calls for November.