Financial giants have made a conspicuous bearish move on MicroStrategy. Our analysis of options history for MicroStrategy MSTR revealed 71 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $1,068,234, and 52 were calls, valued at $2,895,620.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $550.0 and $3800.0 for MicroStrategy, spanning the last three months.
Insights into Volume & Open Interest
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 $550.0 to $3800.0 over the preceding 30 days.
MicroStrategy 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSTR | PUT | TRADE | BEARISH | 08/16/24 | $403.2 | $398.35 | $403.2 | $1440.00 | $201.6K | 5 | 0 |
| MSTR | PUT | TRADE | BEARISH | 04/19/24 | $580.0 | $562.75 | $574.09 | $2000.00 | $114.8K | 66 | 3 |
| MSTR | CALL | TRADE | BEARISH | 06/21/24 | $62.35 | $59.0 | $59.0 | $3000.00 | $100.3K | 137 | 0 |
| MSTR | CALL | TRADE | BEARISH | 04/12/24 | $96.45 | $90.0 | $90.0 | $1370.00 | $90.0K | 19 | 12 |
| MSTR | CALL | TRADE | NEUTRAL | 06/21/24 | $880.0 | $862.25 | $870.65 | $550.00 | $87.0K | 438 | 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.
In light of the recent options history for MicroStrategy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is MicroStrategy Standing Right Now?
- Currently trading with a volume of 299,576, the MSTR's price is down by -0.2%, now at $1438.21.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 19 days.
Expert Opinions on MicroStrategy
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1771.0.
- An analyst from Canaccord Genuity persists with their Buy rating on MicroStrategy, maintaining a target price of $1810.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Outperform rating for MicroStrategy, targeting a price of $1560.
- Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for MicroStrategy, targeting a price of $1875.
- Reflecting concerns, an analyst from Canaccord Genuity lowers its rating to Buy with a new price target of $1810.
- An analyst from BTIG has decided to maintain their Buy rating on MicroStrategy, which currently sits at a price target of $1800.
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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