On Tuesday, MicroStrategy Inc (MSTR) stock saw a decline, ending the day at $353.69 which represents a decrease of $-49.76 or -12.33% from the prior close of $403.45. The stock opened at $382.78 and ...
With MicroStrategy options trading at high prices, arbs were willing to accept no yield on the convertibles because they viewed the embedded call option on the stock as valuable.