Deep-pocketed investors have adopted a bullish approach towards MicroStrategy MSTR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MSTR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 79 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 13 are puts, totaling $997,109, and 66 are calls, amounting to $3,662,604.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $280.0 to $2600.0 for MicroStrategy over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for MicroStrategy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MicroStrategy's whale trades within a strike price range from $280.0 to $2600.0 in 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 | CALL | TRADE | BULLISH | 03/08/24 | $1300.00 | $210.8K | 744 | 439 |
| MSTR | PUT | TRADE | BEARISH | 03/15/24 | $1340.00 | $194.4K | 14 | 19 |
| MSTR | CALL | SWEEP | BULLISH | 03/15/24 | $1080.00 | $182.6K | 20 | 6 |
| MSTR | PUT | SWEEP | BULLISH | 04/19/24 | $830.00 | $155.5K | 80 | 101 |
| MSTR | PUT | TRADE | BEARISH | 12/19/25 | $920.00 | $151.0K | 0 | 0 |
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
- With a trading volume of 294,745, the price of MSTR is up by 2.82%, reaching $1336.62.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 52 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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