As far as I can see from looking into ASST they pretty recently went into the bitcoin treasury thing, and the only way they can buy btc is to dilute their shares. They are also fighting to stay on the nasdaq because under $1.00 gets you the boot, which loses you institutional money.
I'm definitely not an expert, that's just some of the stuff I saw. If bitcoin keeps some momentum though, they could do pretty well.
As far as the puts I sold, I put in buy to close on all of them for 50% of the price of the contract. Since they are all 3 or 4 week contracts, I'll happily take half the price if it gets there by Friday, otherwise ill cancel thr buy to close orders and reassess over the weekend.
I wouldn't copy me yet, unless you're willing to lose money, I'm pretty new to this. My thought process is that bitcoin price dropped pretty massively, so I'm less fearful of getting stuck holding the stocks for a long time if I get assigned, and I wouldn't mind being a bag holder if it happens anyway.
As far as I can see from looking into ASST they pretty recently went into the bitcoin treasury thing, and the only way they can buy btc is to dilute their shares. They are also fighting to stay on the nasdaq because under $1.00 gets you the boot, which loses you institutional money.
I'm definitely not an expert, that's just some of the stuff I saw. If bitcoin keeps some momentum though, they could do pretty well.
As far as the puts I sold, I put in buy to close on all of them for 50% of the price of the contract. Since they are all 3 or 4 week contracts, I'll happily take half the price if it gets there by Friday, otherwise ill cancel thr buy to close orders and reassess over the weekend.
I wouldn't copy me yet, unless you're willing to lose money, I'm pretty new to this. My thought process is that bitcoin price dropped pretty massively, so I'm less fearful of getting stuck holding the stocks for a long time if I get assigned, and I wouldn't mind being a bag holder if it happens anyway.