This Is What Whales Are Betting On Strategy

Investors with a lot of money to spend have taken a bearish stance on Strategy 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 159 uncommon options trades for Strategy.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 49%, bearish.

Out of all of the special options we uncovered, 43 are puts, for a total amount of $2,343,028, and 116 are calls, for a total amount of $11,314,528.

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 $200.0 to $1000.0 for Strategy over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Strategy stands at 3120.07, with a total volume reaching 375,707.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Strategy, situated within the strike price corridor from $200.0 to $1000.0, throughout the last 30 days.

Strategy Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Strategy

Strategy is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provide industry AI-powered enterprise analytics software.

Having examined the options trading patterns of Strategy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Strategy

• With a volume of 15,370,911, the price of MSTR is up 1.71% at $259.81.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 56 days.

Professional Analyst Ratings for Strategy

In the last month, 5 experts released ratings on this stock with an average target price of $501.8.

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 Maxim Group has decided to maintain their Buy rating on Strategy, which currently sits at a price target of $500. * An analyst from Canaccord Genuity has decided to maintain their Buy rating on Strategy, which currently sits at a price target of $409. * An analyst from Barclays persists with their Overweight rating on Strategy, maintaining a target price of $421. * An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on Strategy, which currently sits at a price target of $619. * An analyst from Keefe, Bruyette & Woods has revised its rating downward to Outperform, adjusting the price target to $560.

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 Strategy options trades with real-time alerts from Benzinga Pro.