BlockBeats news: On February 28, according to the Hong Kong Economic Journal, Hong Kong-listed company Coolpad Group disclosed that it has spent approximately HK$38.89 million (US$4.98 million) to purchase 39,000 shares of Strategy, while simultaneously selling 390 call options on MSTR, collecting a premium of $51,210. The related call options expire on March 6 with a strike price of $150, which is 15.8% higher than MSTR’s closing price of $129.50 on Friday.
Coolpad Group purchases 39,000 shares of Strategy for $4.98 million
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Summary
Coolpad Group executed a trading strategy on February 28, spending HKD 38.89 million (USD 4.98 million) to purchase 39,000 shares of MSTR. The company also sold 390 MSTR put options, collecting USD 51,210 in premiums. The options expire on March 6 with a strike price of USD 150, which is 15.8% above MSTR’s Friday closing price of USD 129.50. The options strategy included a defined price target and limited risk exposure.
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