MicroStrategy Options Trading: A Deep Dive into Market Sentiment

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 22 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 27% leaning bullish and 50% bearish. Among these notable options, 8 are puts, totaling $461,329, and 14 are calls, amounting to $1,062,381.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $170.0 and $1870.0 for MicroStrategy, spanning the last three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MicroStrategy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MicroStrategy's substantial trades, within a strike price spectrum from $170.0 to $1870.0 over the preceding 30 days.

MicroStrategy Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MSTR CALL TRADE BEARISH 05/10/24 $12.6 $9.0 $9.0 $1300.00 $270.0K 563 4
MSTR CALL TRADE BEARISH 11/15/24 $375.3 $371.0 $371.0 $1220.00 $185.5K 1 0
MSTR PUT TRADE NEUTRAL 05/10/24 $251.25 $231.25 $239.5 $1465.00 $119.7K 11 0
MSTR CALL SWEEP BEARISH 05/17/24 $32.5 $30.5 $30.5 $1300.00 $91.5K 255 19
MSTR CALL TRADE BULLISH 01/17/25 $390.95 $387.1 $390.95 $1300.00 $78.1K 125 1

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.

Following our analysis of the options activities associated with MicroStrategy, we pivot to a closer look at the company's own performance.

MicroStrategy's Current Market Status

  • With a trading volume of 46,288, the price of MSTR is down by -0.32%, reaching $1229.19.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 82 days from now.

What The Experts Say On MicroStrategy

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $1780.0.

  • Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for MicroStrategy, targeting a price of $1590.
  • Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $1875.
  • In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $1875.

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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Posted In: OptionsMarketsBZI-UOA
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