2026-01-05 07:32:44

Recently reallocated some funds into traditional asset markets. On the options side, sold MSTR 140 and 145 Put options. This approach is actually consistent with the previous strategy of selling 8万多一档 puts during the significant decline of BTC—both are long-term bullish strategies aimed at reducing costs through options income.

Interestingly, I found that MSTR's implied volatility (IV) is significantly higher than BTC's. MSTR hovers around 60%, while BTC is only 45%. Looking back at historical data, the most aggressive ATM IV phase for BTC in the past year has also been around 60%. This difference reflects a notable divergence in market risk expectations for these two assets—volatility for individual stocks is indeed priced higher.

BTC-0.28%

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screenshot_gains

· 15h ago

This wave of IV arbitrage opportunities is quite interesting; the option pricing for MSTR is indeed excessively loose.

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GasFeeTherapist

· 01-05 21:34

Selling puts to reduce costs, I also play this trick, but MSTR's IV is so high it's really a bit crazy... Single stocks are more volatile than BTC, just a thought can cause fluctuations.

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NFTRegretDiary

· 01-05 08:02

This wave of MSTR's IV is indeed outrageous, with 60% blood pressure soaring along with it. --- Selling puts to lower the cost basis is a reliable strategy, but I'm worried about a sudden flash crash pushing it directly to the bottom. --- Wait, BTC's IV is only 45%? Then I really need to reconsider my position allocation. --- It's normal for stock volatility to be priced higher, after all, there's no national team to support the market haha. --- Is this approach the same as the one when Bitcoin hit 80,000 last August? That time, we made a killing. --- MSTR's volatility is fierce, the option premiums are fat, but don't be greedy.

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rugged_again

· 01-05 07:59

Hmm... MSTR's IV is so high? Better take it slow, this wave of the market has trapped quite a few people. --- I get the strategy of selling puts to lower the cost basis, just worried that this single stock might suddenly drop. --- Wait, MSTR's 60% IV is even more intense than BTC? Is it hinting at something? --- I understand your logic. BTC also did this in the previous wave, just see if it can hold this time. --- The volatility difference is so big... it shows that the market still trusts individual stocks even less. --- I'm a bit interested in participating in this MSTR put play, but I always feel something's off.

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DataChief

· 01-05 07:55

Hmm, MSTR's IV is so high, is this a good chance to pick up a bargain? --- Selling puts to lower the cost basis is a viable strategy, as long as you can handle the psychological pressure of a pullback. --- Wait, MSTR's volatility actually outperforms BTC, which is a bit counterintuitive. --- Single stock IV of 60%... Is this risk pricing overdone? Seems like there might be arbitrage opportunities. --- Long-term bullish? Just keep selling puts; the logic of lowering the cost basis is a closed loop. --- Interesting observation, but MSTR is more susceptible to fundamentals, while BTC is purely macro and sentiment. --- I've tried this approach before, and only when I got caught in a trap did I realize what "being optimistic about the long term can't save you from short-term crashes" means. --- The large IV difference indicates that the market hasn't fully priced in MSTR's leverage.

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ReverseFOMOguy

· 01-05 07:42

Damn, MSTR's IV is actually more aggressive than BTC? The difference is quite significant. --- Selling puts to lower the cost basis is a familiar strategy; it's basically betting it won't drop that much. --- It's reasonable that the volatility of a single stock is priced higher; MSTR is essentially a leveraged product. --- Wait, the most aggressive BTC move in the past year was only 60%? Then MSTR's current position is a bit outrageous. --- If you're optimistic about the long term, options can indeed offer good returns, but I'm worried about getting stuck at an awkward price level. --- This logic is similar to when I sold puts above 80,000... By the way, what happened after that? --- MSTR's risk premium is so high; does that mean institutions aren't that optimistic either? --- As a counterpoint, the fact that BTC's IV is suppressed so low is actually a bit suspicious.

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APY追逐者

· 01-05 07:35

Selling puts to reduce costs is an old trick. MSTR's current IV is so high, it's really a bit outrageous... More aggressive than BTC? The single-stock risk premium is real, but be careful not to get caught in it.

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