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 35 uncommon options trades for MicroStrategy.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $290,229, and 31 are calls, for a total amount of $3,310,322.
Predicted Price Range
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 $1200.0 for MicroStrategy over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MicroStrategy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MicroStrategy's significant trades, within a strike price range of $200.0 to $1200.0, over the past month.
MicroStrategy Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MSTR | CALL | SWEEP | BULLISH | 03/15/24 | $850.00 | $702.8K | 325 | 802 |
| MSTR | CALL | SWEEP | BULLISH | 03/15/24 | $850.00 | $623.6K | 325 | 302 |
| MSTR | CALL | SWEEP | BEARISH | 01/17/25 | $500.00 | $369.3K | 1.1K | 2 |
| MSTR | CALL | SWEEP | BEARISH | 03/15/24 | $780.00 | $153.9K | 132 | 2 |
| MSTR | PUT | TRADE | BEARISH | 07/19/24 | $1000.00 | $152.5K | 30 | 10 |
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.
After a thorough review of the options trading surrounding MicroStrategy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of MicroStrategy
- Currently trading with a volume of 111,779, the MSTR's price is up by 2.87%, now at $792.0.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 74 days.
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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