Decoding MicroStrategy's Options Activity: What's the Big Picture?

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 32 uncommon options trades for MicroStrategy.

This isn't normal.

The overall sentiment of these big-money traders is split between 21% bullish and 46%, bearish.

Out of all of the special options we uncovered, 16 are puts, for a total amount of $1,342,412, and 16 are calls, for a total amount of $2,554,479.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $450.0 for MicroStrategy over the last 3 months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of MicroStrategy stands at 4351.85, with a total volume reaching 20,518.00. 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 $100.0 to $450.0, throughout the last 30 days.

MicroStrategy 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Current Position of MicroStrategy

• Trading volume stands at 4,070,272, with MSTR's price down by -4.35%, positioned at $362.61.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 28 days.

Expert Opinions on MicroStrategy

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $625.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Bernstein downgraded its action to Outperform with a price target of $600. * Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $650.

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.