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

Odaily News 10x Research is bullish on Strategy (MSTR) put options as the Nasdaq-listed bitcoin holding company's stock price diverges from the rising bitcoin price. In a note to clients, 10x Research recommends a put spread strategy for MSTR, buying a $370 put option and selling a $300 put option, both expiring on June 27. "This trade reflects the growing disconnect between Bitcoin's strong performance and MicroStrategy's weakening momentum and volatility." Markus Thielen, founder of 10x Research, explained the put spread strategy. "Despite Bitcoin's record high, MSTR's stock price is still far below its peak, indicating that investor enthusiasm is waning." (CoinDesk)