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 35 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 57% leaning bullish and 42% bearish. Among these notable options, 6 are puts, totaling $430,874, and 29 are calls, amounting to $6,923,055.
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 $390.0 to $610.0 for MicroStrategy over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of MicroStrategy stands at 323.07, with a total volume reaching 4,222.00. 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 $390.0 to $610.0, throughout the last 30 days.
MicroStrategy Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MSTR | CALL | SWEEP | NEUTRAL | 01/17/25 | $390.00 | $2.0M | 84 | 25 |
| MSTR | CALL | SWEEP | NEUTRAL | 01/17/25 | $400.00 | $1.9M | 296 | 25 |
| MSTR | CALL | TRADE | BULLISH | 04/19/24 | $540.00 | $601.0K | 398 | 105 |
| MSTR | CALL | TRADE | BULLISH | 01/17/25 | $400.00 | $430.0K | 296 | 120 |
| MSTR | CALL | TRADE | BULLISH | 04/19/24 | $530.00 | $334.2K | 387 | 104 |
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
- With a volume of 425,479, the price of MSTR is up 4.04% at $528.54.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 81 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for MicroStrategy, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
