No. of Recommendations: 2
MSTR stock is down 60% from July (from $450 to $180 / share), I sometimes wish I had the courage to short this :)
On Nov 22, 2024 MSTR closed at ~$421. Some time during that day I bought $30 puts (Jan'27 expiration) for $3.70. Just one contract, so $370 "investment".
A little over a year later, with the stock 56% lower than when I bought the puts, the puts are worth $2.47. The implied volatility must have been through the roof when I bought -- I don't think time value decay fully explains it.
