MicroStrategy Unusual Options Activity

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

The general mood among these heavyweight investors is divided, with 48% leaning bullish and 29% bearish. Among these notable options, 6 are puts, totaling $392,910, and 31 are calls, amounting to $2,129,358.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $600.0 to $3800.0 for MicroStrategy over the recent three 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 $600.0 to $3800.0 in the last 30 days.

MicroStrategy Option Activity Analysis: 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 BULLISH 06/21/24 $209.0 $205.35 $209.0 $1400.00 $209.0K 259 17
MSTR CALL TRADE BULLISH 07/05/24 $160.0 $156.2 $160.0 $1580.00 $160.0K 5 20
MSTR CALL TRADE BEARISH 07/05/24 $160.0 $151.0 $151.0 $1580.00 $151.0K 5 0
MSTR PUT SWEEP BEARISH 06/14/24 $58.0 $53.0 $58.0 $1575.00 $145.0K 57 32
MSTR CALL TRADE BEARISH 07/05/24 $234.35 $229.7 $229.7 $1450.00 $114.8K 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.

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

  • Currently trading with a volume of 98,119, the MSTR's price is up by 0.39%, now at $1602.4.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 50 days.

What Analysts Are Saying About MicroStrategy

In the last month, 1 experts released ratings on this stock with an average target price of $2047.0.

  • An analyst from Canaccord Genuity has decided to maintain their Buy rating on MicroStrategy, which currently sits at a price target of $2047.

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.

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Posted In: OptionsMarketsBZI-UOA
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