Investors with a lot of money to spend have taken a bearish stance on MicroStrategy MSTR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MSTR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 31 uncommon options trades for MicroStrategy.
This isn't normal.
The overall sentiment of these big-money traders is split between 32% bullish and 38%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $994,937, and 22 are calls, for a total amount of $1,150,063.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $580.0 to $3000.0 for MicroStrategy during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for MicroStrategy options trades today is 151.26 with a total volume of 39.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MicroStrategy's big money trades within a strike price range of $580.0 to $3000.0 over the last 30 days.
MicroStrategy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSTR | PUT | SWEEP | BULLISH | 07/05/24 | $24.6 | $21.0 | $21.0 | $1325.00 | $384.3K | 179 | 17 |
| MSTR | PUT | TRADE | NEUTRAL | 01/17/25 | $355.55 | $338.85 | $346.36 | $1350.00 | $277.0K | 6 | 0 |
| MSTR | CALL | TRADE | BULLISH | 07/19/24 | $377.4 | $365.4 | $374.1 | $1000.00 | $112.2K | 419 | 0 |
| MSTR | CALL | TRADE | BEARISH | 01/17/25 | $116.0 | $107.0 | $107.0 | $3000.00 | $107.0K | 170 | 0 |
| MSTR | PUT | TRADE | BULLISH | 07/05/24 | $71.95 | $66.0 | $66.0 | $1400.00 | $92.4K | 396 | 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.
MicroStrategy's Current Market Status
- With a volume of 52,466, the price of MSTR is down -1.32% at $1347.89.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 28 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 $2264.2.
- Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for MicroStrategy, targeting a price of $1826.
- An analyst from Bernstein has revised its rating downward to Outperform, adjusting the price target to $2890.
- An analyst from Bernstein has revised its rating downward to Outperform, adjusting the price target to $2890.
- Reflecting concerns, an analyst from Maxim Group lowers its rating to Buy with a new price target of $1835.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for MicroStrategy, targeting a price of $1880.
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.
© 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.
