币界网报道：Bitwise Asset Management has launched a new options strategy for MicroStrategy (MSTR) shares, aiming to capitalize on the stock's volatility while mitigating downside risks. The strategy involves selling covered calls and buying protective puts on MSTR, which has become a proxy for Bitcoin due to its substantial BTC holdings. Bitwise CIO Matt Hougan noted that MicroStrategy's stock often exhibits amplified Bitcoin price movements, creating unique trading opportunities. The firm's analysis shows MSTR shares have historically been about 1.5 times more volatile than Bitcoin itself. This product targets institutional investors seeking exposure to Bitcoin's price action through traditional markets while managing risk through structured options approaches.