I nearly HEDGED MSTR but didn't (Patreon)

Observing MSTR, it has surged above the ARB cloud for the first time in an extended period, 

indicating an overbought scenario - better to flip MSTR into BTC. I was poised to offload the NOV $440 calls at $36. However, given Blackrock's current strategies and the requirements of other ETFs to seed their portfolios, I opted against selling those calls.