Endgame

we love volatility

Just as we expected. Our puts were FREE premium gained. We were forced to buy $ASST at the lows on the bounce. Sold for a capital gain profit this morning on top of the free premium. Add another 0.5% of free btc to the balance sheet. (We kept some of the assigned $ASST because it's a great entry.

Either our sold puts exercises and we become large holders of $ASST, or our puts expire today the sell-off continues into Monday and we become large holders $ASST

Yielding 1.6% fund-wide per month on $ASST puts with only 14% of the fund in this strategy. This market is bonkers

So @StriveFunds is almost like a hedge fund. And we are a hedge fund, built on top of whatever you want to call them. We take the opportuniies that even they cannot.

$ASST cash secured put yield insane at the moment. We sold some at this $17 dip. Looking to get into SATA ex-dividend

Even with IV at 100%, after the announcement today from @StriveFunds, we have opened 2028 long calls on $ASST Daily dividends will make $SATA flat and will eat the frontier folk of retail

Large capital reserve holding companies like Berkshire, Fairfax, and Markel trade around 1.2x to 1.4x assets minus obligations. Why? They own large reserves, sell claims backed by those reserves (insurance), and common shareholders own the extra value if the reserves grow faster than the promises cost. @Strategy is the Bitcoin version (change "insurance claims obligations" to "dividend claims obligations") $MSTR trades around 1.27x net asset value today. Market seems to be catching on. It gets interesting because the best holding companies doing these trade at 2-3.5x multiple of NAV.

We bought more $MSTR exposure today

The market is irrational. We knew Saylor would admit to selling bitcoin long ago. Tomorrow, we buy more.

You know you're on the right track when you're simultaneously hoping for a big dip and a big rip

Institutions are starting to sell massive amounts of covered calls, this makes upside leverage cheap

First fund analysis coming out this weekend. TLDR; Volatility isn't dirt cheap rn. Market stmt and indicators are muddy... DAT preferred shares are an amazing innovation. This is a correction from larger bull and go higher soon? Or are we 6 months into the longer bear, so lower? Our portfolio is barbelled to take advantage of both and plan to watch several market, onchain, macro, and especially @MicroStrategy factors.

First capital is now actively trading. Not an April fool's joke ;)

The game has begun....