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 44 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 45% bearish. Among these notable options, 19 are puts, totaling $1,152,826, and 25 are calls, amounting to $1,292,679.
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 $910.0 and $3800.0 for MicroStrategy, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MicroStrategy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MicroStrategy's substantial trades, within a strike price spectrum from $910.0 to $3800.0 over the preceding 30 days.
MicroStrategy 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSTR | CALL | TRADE | BULLISH | 05/03/24 | $26.95 | $20.85 | $26.33 | $1700.00 | $263.3K | 67 | 1 |
| MSTR | PUT | TRADE | BEARISH | 10/18/24 | $2555.25 | $2541.35 | $2555.25 | $3750.00 | $255.5K | 1 | 0 |
| MSTR | PUT | TRADE | BEARISH | 04/19/24 | $109.8 | $100.0 | $106.15 | $1350.00 | $106.1K | 200 | 7 |
| MSTR | CALL | SWEEP | BULLISH | 04/26/24 | $41.6 | $31.55 | $39.41 | $1400.00 | $103.4K | 216 | 42 |
| MSTR | CALL | TRADE | BULLISH | 04/19/24 | $96.0 | $91.75 | $96.0 | $1150.00 | $96.0K | 123 | 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.
Having examined the options trading patterns of MicroStrategy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is MicroStrategy Standing Right Now?
- With a volume of 223,365, the price of MSTR is up 3.38% at $1249.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 10 days.
Professional Analyst Ratings for MicroStrategy
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1828.3333333333333.
- An analyst from Benchmark persists with their Buy rating on MicroStrategy, maintaining a target price of $1875.
- Maintaining their stance, an analyst from BTIG continues to hold a Buy rating for MicroStrategy, targeting a price of $1800.
- Reflecting concerns, an analyst from Canaccord Genuity lowers its rating to Buy with a new price target of $1810.
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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