PANews May 26 news, according to CoinDesk, 10x Research released a report last Friday pointing out that despite the record highs of Bitcoin prices, MicroStrategy (MSTR) stock prices have stagnated, indicating that investors' enthusiasm has waned. The agency recommends using a put option spread strategy when MSTR stock prices diverge from Bitcoin prices. The specific operation is to buy a $370 put option expiring on June 27 and sell a $300 put option expiring on the same day. If the MSTR stock price falls to $300 or lower before June 27, the strategy will achieve maximum profit. Put options can prevent the risk of price declines, and the maximum loss is limited to the initial cost.

MSTR's stock price fell 7% to $369 last Friday. MicroStrategy holds 576,230 bitcoins, the most among listed companies. The stock diverged from the price of bitcoin, causing market alarm. Thielen believes that this reflects the gap between the strength of bitcoin and the weakness of MSTR, and investor enthusiasm is waning. The strategy can also hedge against the potential weakness of bitcoin.