Deep-pocketed investors have adopted a bearish 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 138 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 60 are puts, totaling $3,742,735, and 78 are calls, amounting to $5,329,898.
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 $200.0 to $1450.0 for MicroStrategy during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for MicroStrategy options trades today is 240.41 with a total volume of 28,476.00.
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 $200.0 to $1450.0 over the last 30 days.
MicroStrategy Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MSTR | CALL | TRADE | NEUTRAL | 02/02/24 | $475.00 | $280.8K | 294 | 275 |
| MSTR | PUT | TRADE | BEARISH | 07/19/24 | $600.00 | $151.2K | 178 | 91 |
| MSTR | CALL | TRADE | NEUTRAL | 01/16/26 | $680.00 | $146.5K | 74 | 25 |
| MSTR | CALL | TRADE | BULLISH | 01/16/26 | $600.00 | $127.7K | 90 | 8 |
| MSTR | CALL | TRADE | BEARISH | 12/19/25 | $460.00 | $109.0K | 11 | 5 |
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.
Where Is MicroStrategy Standing Right Now?
- With a trading volume of 1,129,880, the price of MSTR is up by 2.24%, reaching $468.02.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 11 days from now.
Expert Opinions on MicroStrategy
1 market experts have recently issued ratings for this stock, with a consensus target price of $791.0.
- Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for MicroStrategy, targeting a price of $791.
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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