Key Takeaways Vanguard now allows crypto-linked product trading, eroding SCHW's competitive differentiation.SCHW's platform offers broader crypto tools, active-trader features and superior execution support.Increased crypto ETF activity could benefit Schwab despite margin pressure from tighter competition.Charles Schwab (SCHW) is likely to face some pressure after Vanguard allowed trading in crypto-linked products on its brokerage platform. For years, Vanguard’s restrictions effectively pushed crypto-curiou ...

Core Insights - MicroStrategy has experienced a significant decline of over 60% in the past year, contrasting with the S&P 500, which has increased by approximately 12% [2][3] - The company's stock is currently in a downtrend, having broken through a previous support level of 237, with a recent intraday low of 181.73 [3][4] - There are mixed signals in the market, with the RSI indicating a small bullish divergence but also showing oversold conditions, typically a sign of weakness [4][5] Technical Analysis - The stock's price needs to break above the trend line and previous highs near 213-214 for signs of a potential trend reversal [5] - Potential support and resistance levels are identified, with the minus two standard deviation channel aligning with old lows near 214, and the minus three standard deviation channel around 160-130 [6] - Current trading sentiment is bearish, with the stock recently bouncing to about 192, still down 65% from its all-time highs [7][8] Options Strategy - A proposed options strategy involves selling the December 5th weekly options with a 180 strike put and buying a 170 strike put, creating a neutral to bullish put vertical [9][10] - This strategy aims to capitalize on higher implied volatility while providing a cushion of approximately 8% below the current share price, with a break-even point at 177.20 [10] - The probability of the short 180 strike being out of the money at expiration is estimated at about 58%, offering a better chance of success [10]