Protection Purchased on MicroStrategy Inc. (MSTR)
Shares of MicroStrategy Inc. (NASDAQ: MSTR) are higher on the session by 0.75%, currently trading at $75.53. The stock has been trading largely lower over the past six months and is below both the 50-day and 200-day moving averages.
Options traders are buying puts today. Though action has been primarily in small lots, total put volume is now running at 10.06x the daily average with 95% of all puts traded being purchases on the offer.
Traders are focusing on the $80.00 strike call in multiple months.
MicroStrategy Incorporated is a worldwide provider of business intelligence software that enables companies to report, analyze and monitor the data stored across their enterprise. MicroStrategy provides analytical performance to business user in the format that suits them from high-level dashboards to custom reports and advanced analysis via e-mail, Web, fax, wireless and voice communication channels.
See Some of the Top Moving Indexes Here.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.