Decoding MicroStrategy's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish 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 213 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 35% leaning bullish and 64% bearish. Among these notable options, 53 are puts, totaling $4,169,529, and 160 are calls, amounting to $9,639,954.

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Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $500.0 to $3150.0 for MicroStrategy over the last 3 months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of MicroStrategy stands at 171.11, with a total volume reaching 7,641.00. 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 $500.0 to $3150.0, throughout the last 30 days.

MicroStrategy 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Having examined the options trading patterns of MicroStrategy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

MicroStrategy's Current Market Status

• Trading volume stands at 1,010,691, with MSTR's price up by 2.12%, positioned at $1447.5.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 40 days.

Expert Opinions on MicroStrategy

In the last month, 2 experts released ratings on this stock with an average target price of $1685.0.

• Maintaining their stance, an analyst from TD Cowen continues to hold a Outperform rating for MicroStrategy, targeting a price of $1560.
• An analyst from Canaccord Genuity has decided to maintain their Buy rating on MicroStrategy, which currently sits at a price target of $1810.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MicroStrategy options trades with real-time alerts from Benzinga Pro.