Investors with a lot of money to spend have taken a bullish 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 29 uncommon options trades for MicroStrategy.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 31%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $224,536, and 25 are calls, for a total amount of $1,609,312.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1200.0 to $2000.0 for MicroStrategy over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for MicroStrategy's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MicroStrategy's whale activity within a strike price range from $1200.0 to $2000.0 in the last 30 days.
MicroStrategy Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSTR | CALL | TRADE | BULLISH | 11/15/24 | $350.0 | $343.4 | $350.0 | $1410.00 | $350.0K | 9 | 10 |
| MSTR | PUT | TRADE | NEUTRAL | 07/26/24 | $594.0 | $578.45 | $585.0 | $1960.00 | $117.0K | 0 | 0 |
| MSTR | CALL | TRADE | BEARISH | 02/21/25 | $374.0 | $361.5 | $365.0 | $1680.00 | $109.5K | 22 | 0 |
| MSTR | CALL | TRADE | BULLISH | 12/19/25 | $506.0 | $501.0 | $506.0 | $2000.00 | $101.2K | 129 | 0 |
| MSTR | CALL | TRADE | BULLISH | 12/19/25 | $505.9 | $486.0 | $503.48 | $2000.00 | $100.6K | 129 | 4 |
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.
Where Is MicroStrategy Standing Right Now?
- Trading volume stands at 50,323, with MSTR's price up by 2.69%, positioned at $1409.08.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 35 days.
Professional Analyst Ratings for MicroStrategy
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $2095.6.
- In a cautious move, an analyst from Maxim Group downgraded its rating to Buy, setting a price target of $1835.
- Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on MicroStrategy with a target price of $2047.
- An analyst from Canaccord Genuity persists with their Buy rating on MicroStrategy, maintaining a target price of $1826.
- Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on MicroStrategy with a target price of $1880.
- Reflecting concerns, an analyst from Bernstein lowers its rating to Outperform with a new price target of $2890.
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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