MicroStrategy Stock Outperforms Bitcoin: 10x Research Recommends Bearish Options Strategy

The research firm 10x Research suggests a bearish options strategy for MicroStrategy (MSTR), citing stock divergence between the company and its Bitcoin holdings. According to their report, this strategy entails purchasing put options with a strike price of $370 and selling put options with a strike price of $300, both expiring on June 27th. This recommendation is based on the discrepancy between Bitcoin’s strong performance and MicroStrategy’s stock price stagnation.