Steven Giann

@KobeissiLetter They have to pay for the war somehow.

You can't make this up: Iran's Speaker of the Parliament just commented on "vibe-trading" digital crude oil prices and US Treasuries. He concludes with the Bloomberg Terminal command "EUCRBRDT Index GP ." This is the command for Dated Brent oil prices, as shown below. On Friday, $760 million worth of oil shorts were mysteriously placed just 21 minutes before Iran reopened the Strait of Hormuz. What is happening here?

@lingeriegoat @Aku_700 It was a rural area.

@Aku_700 10 days later??? I watched a bodycam where police were at a school within ONE HOUR when a teacher joked about shooting a kid on snapchat after he shut off her laptop.

Indiana mom of 7 accused of offering her 7-month-old daughter for s*x to a man on Snapchat in exchange for $400 32-year-old Morgan Stapp denied sending the message, but police said it was sent from her phone at her home Stapp reportedly sent three photos of her infant daughter with the message, “U can f*** her for 400$. Half now rest after. I’ll send my address. I do live alone, and her dad is not in the picture.” Snapchat flagged the message to authorities. Ten days later, FBI agents arrived at her home She was booked into Marion County Jail on July 8, held on $100,000 bail

@STRchitect Wouldn’t weekly make more sense?

Strategy filed a proxy Friday to split $STRC's monthly dividend into semi-monthly payments. Same 11.5% annual rate. Same total obligation. Nothing moves on the books. But the mechanics matter. At 11.5% on $100 par, each monthly payout is ≈$0.96/share. Semi-monthly cuts that to ≈$0.48. Half the check, twice as often. On every ex-date, price drops by roughly the distribution amount. STRC currently absorbs ≈96bps gaps 12x/year. Under the proposal: ≈48bps gaps 24x/year. Amplitude cut in half. Band around par tightens ≈50%. Why it matters: → Tighter par = ATM issuance fires cleaner → Cleaner ATM = more BTC per dollar raised → Smoother price = closer profile to money market funds (the actual customer) Saylor isn't changing the yield. He's sharpening the instrument that funds the largest corporate BTC treasury on earth.

@InTheMoneyAdam @InTheMoneyAdam have you ever thought of pairing that ITM long call with a ITM short put to offset some of that paid premium? I generally find this to be preferable than just long LEAPs call. Thoughts?

And this is what I live for. Thanks, Bill. And good diamond hands.

@HermesLux What is your annual return on this strategy?

Why I prefer to roll my covered calls every week, on average, to a new ~40 DTE expiration date. This issue continues to come up repeatedly with a lot of people asking me questions about it. This has become one of the issues that I had to define for myself over the years since there hasn't been any clear options education to describe the change that is occurring everyday with the passage of time. Most people don't understand the option greeks, and rightfully so — it's not common knowledge whatsoever. The primary option Greeks that you hear most about are delta, theta, and gamma, but most people talk about these independently and very few people understand how they interact with one another even though the definition of gamma is the rate of change of the delta based on a $1 move in the underlying ticker. As time to expiration shrinks, gamma naturally spikes for near-the-money options—making the short call's delta change much faster on even small stock moves—while theta (time decay) accelerates, eroding the option's extra value and leaving less room to roll for a credit. I know even writing this stuff is over the heads of a lot of people at first — it was for me too, and that's okay. Below, I will attempt to explain as simply as I can the process as I have come to understand it. So why do I roll out to a new 40 DTE call every week rather than just waiting for the short call to expire? In a word: "Gammafication". Gammafication is not a real term used in options speak or anywhere else that I am aware of, but it is a term that I created to describe the event I wish to avoid while I am selling/rolling low delta covered calls. Gammafication, according to my definition, is the speed by which an option’s gamma increasingly influences its delta as the option approaches expiration—causing delta to change more rapidly and dramatically in response to even small movements in the underlying asset’s price. Gamma can be thought of as the delta's delta, but what I am describing is the interaction of gamma and theta decay plus the natural increase in gamma as DTE falls. In simpler words, gammafication makes it harder to roll an existing short call (or put) out for a credit. The closer an option is to its expiration date, the more difficult it is to roll out for a credit, especially when the option goes in the money, meaning that the strike price of the option is lower than the actual price of the underlying ticker. This is the very reason I wish not to sell covered calls 7 days out or even less than 30 days out, unless I am employing a different strategy altogether wherein I am expecting/hoping to have my shares called away. But this is not the intent of the 10Δ strategy I have written about. By keeping the option expiration far enough out in time, I am safe from having my short calls exercised against my wishes, thereby protecting my long position (stock or long calls). And by rolling out every week, I am effectively extending the goal post each week making the strike price further out of reach. A stock can run hard for a while but not forever. Eventually it will calm down and normalize or even fall back some, and when it returns to normality, my short calls, which, despite weekly rolling, may have increased from the 10 delta to the 50 delta over that time, will then slowly begin their way back towards the 10 delta, allowing me to start the process all over once again.

@RaminNasibov A power orgy

What would you call this?

@SimphiweSimpra5 @elonmusk @McKay_Dingis024 You are a racist scumbag

@elonmusk @McKay_Dingis024 🤣🤣🤣Elon, why do you always call South Africans racist? Every time a South African disagrees with you, you say they are racist, You do this, especially with black South Africans. Black South Africans are not racist. It is not in our nature to be racist!!!!!

Elon Musk’s latest tirade against South Africa is a masterclass in billionaire bait-and-switch. He claims Starlink is banned solely because he isn’t Black, a narrative he pushes to his 200-million-plus followers as proof of "viciously racist" laws. In reality, the 30% local equity requirement he decries is a standard part of the Broad-Based Black Economic Empowerment (B-BBEE) framework that hundreds of other U.S. giants, including Microsoft, have navigated for decades without the "drama". Musk’s "principle" against these rules conveniently ignores that South Africa has already pivoted to accommodate him. As of December 2025, the government introduced Equity Equivalent Investment Programmes (EEIPs), allowing foreign firms like Starlink to skip the equity transfer entirely by investing in local infrastructure and skills. Instead of taking the win, Musk has escalated to hurling expletives at senior diplomats and alleging (without evidence) that he was pressured to "bribe" his way into a license. The irony is thick: while Musk plays the victim of "reverse racism", his refusal to follow local law is the primary hurdle keeping high-speed internet from the very rural South African communities he claims to want to help. It isn't about the color of his skin; it’s about a billionaire who believes his birthplace owes him a waiver for the same rules everyone else follows.

@ClownWorld I wasn’t invited.

@GadSaad @KamalaHarris @POTUS Einstein level explanation.

Incredible! @KamalaHarris has solved the problem of inflation. Listen to her brilliant words. This individual came one heart beat away from being @POTUS.

@usanewshq Adding another 5 seconds to take your pants off would still be ok.

15 seconds from bed to ocean is better than therapy

@DineshDSouza You can have an even lower IQ and perfectly explain inflation, or anything else for that matter. Only think needed is the ability to read the teleprompter, and you’re done. God forbid if the teleprompter breaks down.

If you want to truly understand what it means to have an IQ in the range of 75-80, which is borderline retarded, listen to Kamala Harris explain how to solve inflation.

@UziCryptoo Put it in STRC and earn 11,50% a year tax free. That is called more arbitrage. Every dollar matters.

CALLER: I opened a High Yield Savings Account. My $20,000 emergency fund earns 4.5% interest. That’s $900 a year doing nothing. DAVE RAMSEY: Get rid of it. Put that $20,000 toward your mortgage! CALLER: But I’m earning $900 a year for free. DAVE RAMSEY: Debt is the enemy! Pay off the house! CALLER: My mortgage rate is 3%. I’m earning 4.5%. DAVE RAMSEY: That’s not how you get rich! In reality, if your savings rate beats your debt rate, keep the cash. That’s called arbitrage. Every dollar matters.

@numeraire46 @rektmando If bircoin price falls, MSTR falls much more. If bitcoin price rises, MSTR rises much more.

@rektmando There is no scenario is which this ends well. When you think about, every enduring principle of sound investing, growing FCF, share buybacks, prudent use of capital, focusing on common shareholders - he is doing literally the opposite. Can’t end well.

Saylor has lost it with this logic. He has now issued $10b+ of preferred stock at 10-11.5% and has capacity to issue $25b more. That means a dividend bill of $1-4b EVERY YEAR on a software business that makes no cash. He has pre-funded some of this bill for the next year by issuing common stock - but with the amount of preferred shares printed each week this is going to run out. The only option for this capital structure long term is either issuing $1-4b of common stock every year, turning off the dividend or selling BTC. This is now a timebomb.

@BitcoinSapiens The teleprompter worked fine this time.

When people ask me why I own Bitcoin I just send them this video of Kamala Harris explaining how to fix inflation.

@PurdyInvestor Buy 15000 shares and become the first millionaire in your family, instantly.

Here’s an extremely controversial take! Just buy as many shares of this company below and you will become the first millionaire in your family. Those who know, know Hint. It’s $HOOD.

@aakashgupta What was the ai startup

Ben Affleck sold his AI startup to Netflix for $600 million last month. One month later, he "gifted" Jennifer Lopez his $30 million stake in a mansion that's been sitting unsold for two years. This is the most rational financial decision in recent celebrity divorce history. The mansion was purchased for $60.85 million in cash in June 2023. Listed at $68 million in July 2024. Price cut to $52 million. Zero buyers. Pulled from the market entirely. The asset has been bleeding carrying costs and depreciating for 22 months straight. When you just cleared nine figures from a Netflix acquisition, the calculus on a stuck luxury property changes completely. At Affleck's new net worth, that $30 million stake is roughly 5% of his liquid position. Meanwhile, every month that mansion sits unsold, there are property taxes, insurance, maintenance, and security on 38,000 square feet with 24 bathrooms and an 80-car parking lot. Split ownership with your ex-wife means you're paying half those costs on a property you'll never live in again while having zero control over the sale timeline. Gifting the stake does three things at once. It eliminates his ongoing carrying costs immediately. It gives Lopez sole decision-making power, which actually makes the property easier to sell because there's no longer two-party negotiation on price and timing. And it gets classified as a property transfer incident to divorce, which means different tax treatment than a sale. The PR framing is "generous gesture." The actual move is a guy who just made $600 million looking at a $30 million liability with negative optionality and walking away from it. This isn't generosity. It's portfolio management.

@rubbadubDUBS @amitisinvesting Biden was an old fart with dementia. In his deteriorated condition he commanded zero respect from friends and foes. Trump although setting a low bar is sadly better than Biden could have ever been.

@amitisinvesting For a while now, the attitude has been that Trump’s 2nd turn has been a disaster, but still far better than sleepy joe or cackling kamela. Now I’m not so sure. What would they have done that would be worse than this?

TRUMP: “We're putting on a complete blockade. We're not gonna let Iran make money on selling oil to people that they like and not people that they don't like.”

@iam_simon99 @Thebestfigen Your mom is a whore and you’re dead and stupid.

@stevengiann @Thebestfigen Just like your mom

A man pushed his Tesla car off a cliff to see if it would explode like in the movies.

@iam_simon99 @Thebestfigen You said you bet with your life if this happened, I didn’t. You’re dead and stupid.

@stevengiann @Thebestfigen You too

@iam_simon99 @Thebestfigen Rip

@Thebestfigen I can bet with my life that this shit isn’t real 😂😂😂