MSTR's Call Activity Cannot Erase Bitcoin's Downside Risk

There's a tempting counterargument in the options data. The latest snapshot shows roughly 275,000 calls versus 154,000 puts. But turnover alone doesn't tell us who opened positions or whether those trades were bullish.

Instead of calling it dip-buying, I'd use Options Screener in moomoo Engine to examine the strikes and expirations behind that activity. P&L Simulator can then test a hypothetical limited-risk bullish spread against another sharp decline.

My bias stays defensive below Wednesday's $158.66 high. A call-heavy tape isn't enough to turn this into a bottom-fishing trade. #moomooEngine