Financial giants have made a conspicuous bearish move on MicroStrategy. Our analysis of options history for MicroStrategy MSTR revealed 28 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $779,984, and 12 were calls, valued at $493,110.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $310.0 and $1000.0 for MicroStrategy, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of MicroStrategy stands at 160.48, with a total volume reaching 369.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MicroStrategy, situated within the strike price corridor from $310.0 to $1000.0, throughout the last 30 days.
MicroStrategy Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MSTR | PUT | SWEEP | BULLISH | 03/01/24 | $620.00 | $91.8K | 14 | 41 |
| MSTR | CALL | SWEEP | BULLISH | 02/23/24 | $700.00 | $87.5K | 374 | 4 |
| MSTR | PUT | TRADE | NEUTRAL | 01/16/26 | $510.00 | $75.0K | 289 | 0 |
| MSTR | PUT | TRADE | BEARISH | 08/16/24 | $680.00 | $70.0K | 23 | 5 |
| MSTR | PUT | TRADE | BEARISH | 03/01/24 | $725.00 | $60.0K | 27 | 6 |
About MicroStrategy
MicroStrategy Inc is a provider of enterprise analytics and mobility software. It offers MicroStrategy Analytics platform that delivers reports and dashboards and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management. The company's reportable operating segment is engaged in the design, development, marketing, and sales of its software platform through licensing arrangements and cloud-based subscriptions and related services.
After a thorough review of the options trading surrounding MicroStrategy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of MicroStrategy
- Trading volume stands at 161,816, with MSTR's price down by -3.24%, positioned at $682.17.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 68 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MicroStrategy with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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