Options Action Crypto mutiny on Strategy: Shorts target 'MSTR' in bitcoin bloodbath

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Options traders are storming into bets against crypto's most vocal evangelist Michael Saylor. Call it mutiny on Strategy. Flows around Saylor's Strategy (MSTR) and the company's variable-rate preferred stock STRC are turning bearish this week after traders had been more balanced in the preceding month despite a steady decline in bitcoin that began in mid-May. More than twice as many puts traded versus calls in Strategy Friday and more than three times as many puts were bought than calls, on

Tag-uri: Bitcoin

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