Deep-pocketed investors have adopted a bullish 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 258 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 46% bearish. Among these notable options, 55 are puts, totaling $4,795,874, and 203 are calls, amounting to $19,640,384.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $3150.0 for MicroStrategy, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for MicroStrategy options trades today is 185.83 with a total volume of 13,512.00.
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 $220.0 to $3150.0 over the last 30 days.
MicroStrategy 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MSTR | CALL | TRADE | BEARISH | 04/19/24 | $2000.00 | $840.0K | 984 | 327 |
| MSTR | PUT | SWEEP | BULLISH | 04/19/24 | $1600.00 | $568.0K | 21 | 54 |
| MSTR | PUT | SWEEP | BULLISH | 03/15/24 | $1750.00 | $443.1K | 146 | 55 |
| MSTR | CALL | TRADE | BULLISH | 03/15/24 | $1300.00 | $380.0K | 202 | 31 |
| MSTR | CALL | TRADE | BULLISH | 03/15/24 | $1500.00 | $222.0K | 738 | 133 |
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.
Present Market Standing of MicroStrategy
- With a trading volume of 1,804,431, the price of MSTR is down by -3.18%, reaching $1710.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 46 days from now.
What The Experts Say On MicroStrategy
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1685.0.
- Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for MicroStrategy, targeting a price of $1810.
- An analyst from TD Cowen has decided to maintain their Outperform rating on MicroStrategy, which currently sits at a price target of $1560.
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.
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