everything about MSTY is retarded

MSTY does not hold MSTR shares so it will not participate in BTC upside. It holds cash secured options

MSTY will slowly decapitalize itself as it pays out profits

If you want to play with options then own MSTR and sell options via covered calls or sell put options at prices you want to own the stock.

Always roll any premiums from options into spot BTC

Also measure your performance against BTC so you don't trick yourself into thinking you are being clever.

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I’d encourage you to run the numbers. It’s performed very well. Tons of use cases, including an easy mechanism to fund additional BTC in perpetuity