Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)

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Whatever you think of Bitcoin itself, MSTR is overvalued relative to its Bitcoin holding by a few times. Shorting a trending stock has uncapped risk, shorting call options is even more dangerous, and buying puts is expensive given its high volatility.

After the holiday exuberance, stocks generally drop or stay flat at the beginning year, going into tax season. 

You can buy a 400/370 put spread expiring Feb 21st for $20. If stock drops to $380 you'll break even. If it goes further down you'll get max profit of $30, for a 1:1.5 risk:reward.  (Completely ignoring the fact if it continues going up you'll lose everything).

Who wants to take a punt on it? 

 

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FYI the 'obvious' trade is to simultaneously long bitcoin and short mstr, in which you are betting on a narrowing of the price. But that hasnt worked as mstr kept diverging, and also most brokers wont cross-margin these 2 products so it would eat up lots of buying power in your account.