Microstrategy Covered Call Options – An Update

May 25, 2024

As frequent readers know, I also have a small position in a Bitcoin ETF and a position in MSTR—Miscrostrategy Inc. It’s a leveraged play on Bitcoin, and I’m up considerably on my position. All good. Since May 1, Microstrategy has increased from just over $1,000 to close at $1,684.84 on May 24, 2024.  A 67% gain […]

Read the full article →

Microstrategy – An Update

May 18, 2024

As frequent readers know, I also have a small position in a Bitcoin ETF and a position in MSTR—Miscrostrategy Inc. It’s a leveraged play on Bitcoin, and I’m up considerably on my position. All good. But, to juice my returns, I decided to sell covered calls against the position.  The theory is simple: if I […]

Read the full article →

Inflation: Up or Down?

May 11, 2024

There are currently two competing narratives: inflation will go up, or inflation will go down.  It’s important to get it right to guide our investing decisions. Inflation is Going Up The “up” narrative is simple: Inflation is up, and there are no reasons to expect anything to change.  That is a compelling argument.  An object […]

Read the full article →

Bitcoin: Interesting Price Action

May 4, 2024

Let’s start with some history, shall we? Everyone knows there is a “halving” every four years, where the number of Bitcoin mined is reduced by half.  The most recent halving was on April 20, 2024.    The previous halving was May 11, 2020. What happened after the May 11, 2020 halving? On May 7, 2020, […]

Read the full article →

The Michael Saylor Interview

April 28, 2024

This week, instead of me droning on, spend an hour and ten minutes and watch this interview. You’re welcome.

Read the full article →

The Anticlimactic Bitcoin Halving

April 20, 2024

Every Bitcoin podcast for the last few months has endlessly discussed the impact of Bitcoin halving.  Understandably, it’s an important event.  Unlike fiat currency, Bitcoin has a limited supply, further limited every four years by the “halving.”  As of yesterday, April 19, the number of new Bitcoin created (mined) daily has fallen from 900 to […]

Read the full article →

Labour

April 13, 2024

I’ll keep this short this week because not much is happening. Bitcoin is in a holding pattern ahead of next week’s “halving,” which may or may not be a significant short-term price driver. Gold is up, but is still short of the all-time high in 1980 in real terms. Which brings us to labour. Immigration […]

Read the full article →

And Now We Wait

April 6, 2024

As I write this at 7:00 a.m. on Saturday, Bitcoin is exactly flat. It is hanging around some key technical levels. It’s not breaking down, not breaking out, just hanging around. The uptrend line that started in February was violated this week, but Bitcoin is working to reclaim it.  It’s also bouncing between the key […]

Read the full article →

Microstrategy: Are the shorts winning?

March 30, 2024

This week, yes, the shorts one. On Thursday, Kerrisdale Capital Management issued a report recommending a short sale of Microstrategy.  Their thesis is simple: as of March 18, 2024 Microstrategy owns 214,246.  At a Bitcoin price of $70,000 USD, that’s a Bitcoin value of just under $15 Billion. However, MSTR – Microstrategy Inc. has an implied […]

Read the full article →

Have we learned anything yet?

March 23, 2024

No.  I haven’t learned anything yet. During the rocket ride up for MSTR – Microstrategy Inc.  I sold covered calls, significantly reducing my potential profits. Then, from March 15 to March 19 MSTR crashed 32%, but assuming the rocket ride up would continue, I was not covered, so I suffered the downside and lost the […]

Read the full article →

← Previous Entries

Next Entries →