Kinda torn. The drop is painful, but I think it’s a normal risk-off flush. I’m nervous, yet tempted to buy the dip.
What’s the average duration and turnover for these shorts?
Feels like a momentum trade: if SPY keeps rolling over, selling calls on small caps could keep compounding gains. But if trend flips, this gets ugly fast.
SPY calls look tight; IV crush could be juicy.
So basically, traders are selling covered calls on small-cap ETFs to get paid, right? Are we talking QQQ or SPY specifically, and what’s the risk if it spikes?
From a portfolio view, I’d treat this as a permanent loss until someone reacquires the float. I’m reallocating a small chunk from meme-heavy microcaps to cash and quality growth, then maybe add back only if a credible buyer emerges.
So basically it’s gone, right?
MSTR’s float shrunk to ~1.5M shares, and no recent trades in months; delisting likely means near-zero liquidity and bid-ask chaos.
