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 42 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 35% bearish. Among these notable options, 11 are puts, totaling $626,520, and 31 are calls, amounting to $2,133,088.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $650.0 to $3800.0 for MicroStrategy over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $650.0 to $3800.0 in the last 30 days.
MicroStrategy Call and Put Volume: 30-Day Overview
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 | SWEEP | BULLISH | 10/18/24 | $562.0 | $553.05 | $561.06 | $1000.00 | $561.6K | 34 | 10 |
| MSTR | PUT | TRADE | BULLISH | 12/19/25 | $1360.0 | $1340.0 | $1340.46 | $2500.00 | $134.0K | 3 | 0 |
| MSTR | PUT | SWEEP | BEARISH | 11/15/24 | $132.95 | $124.75 | $132.95 | $1100.00 | $132.9K | 54 | 0 |
| MSTR | CALL | TRADE | BEARISH | 12/19/25 | $536.0 | $518.0 | $518.0 | $2000.00 | $103.6K | 141 | 0 |
| MSTR | CALL | TRADE | BULLISH | 07/12/24 | $97.0 | $94.0 | $97.0 | $1462.50 | $97.0K | 0 | 11 |
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.
Present Market Standing of MicroStrategy
- Currently trading with a volume of 223,315, the MSTR's price is down by -3.36%, now at $1474.1.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 32 days.
Expert Opinions on MicroStrategy
5 market experts have recently issued ratings for this stock, with a consensus target price of $2264.2.
- Reflecting concerns, an analyst from Maxim Group lowers its rating to Buy with a new price target of $1835.
- An analyst from Bernstein has revised its rating downward to Outperform, adjusting the price target to $2890.
- An analyst from TD Cowen persists with their Buy rating on MicroStrategy, maintaining a target price of $1880.
- An analyst from Canaccord Genuity persists with their Buy rating on MicroStrategy, maintaining a target price of $1826.
- Reflecting concerns, an analyst from Bernstein lowers its rating to Outperform with a new price target of $2890.
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.
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