🚨 $ASST VS. $MSTR CALL OPTIONS: STACKING CONVEXITY ON TOP OF CONVEXITY 🚨 Over the past year I've been stacking Bitcoin mostly, some treasury company shares, and I loaded up on ASST call options heavily back in February. Since then I've mostly been buying Bitcoin but lately with all of these depressed treasury company prices I've been looking at call options again to appease my inner degenerate. I modeled January 2028 calls on both companies using the exact same Bitcoin scenario: Bitcoin: $65,108 → $150,000 Return: +130.4% I froze BTC holdings, cash, debt, preferred balances, and mNAV. No additional Bitcoin purchases. No mNAV expansion. The only market driver is Bitcoin, while the model still accounts for the common-share dilution required to fund preferred dividends. Under those n
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