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MicroStrategy Unusual Options Activity For June 18

Author: Benzinga Insights | June 18, 2024 10:01am

Whales with a lot of money to spend have taken a noticeably bullish stance on MicroStrategy.

Looking at options history for MicroStrategy (NASDAQ:MSTR) we detected 75 trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 34% with bearish.

From the overall spotted trades, 20 are puts, for a total amount of $1,697,085 and 55, calls, for a total amount of $5,198,966.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $570.0 to $3800.0 for MicroStrategy over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for MicroStrategy options trades today is 182.21 with a total volume of 377.00.

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 $570.0 to $3800.0 over the last 30 days.

MicroStrategy Call and Put Volume: 30-Day Overview

Options Call Chart

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 01/16/26 $680.0 $676.0 $680.0 $1500.00 $408.0K 59 0
MSTR PUT TRADE NEUTRAL 07/19/24 $314.75 $305.7 $309.4 $1680.00 $247.5K 386 3
MSTR CALL TRADE BULLISH 12/19/25 $332.0 $312.0 $326.0 $3800.00 $228.2K 130 15
MSTR PUT TRADE BULLISH 07/19/24 $312.25 $307.2 $308.9 $1680.00 $216.2K 386 27
MSTR CALL SWEEP BULLISH 09/20/24 $171.15 $168.15 $171.15 $1960.00 $205.3K 0 0

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

Current Position of MicroStrategy

  • With a trading volume of 133,808, the price of MSTR is down by -2.99%, reaching $1462.13.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 42 days from now.

What Analysts Are Saying About MicroStrategy

In the last month, 3 experts released ratings on this stock with an average target price of $2609.0.

  • Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on MicroStrategy with a target price of $2047.
  • Reflecting concerns, an analyst from Bernstein lowers its rating to Outperform with a new price target of $2890.
  • An analyst from Bernstein has revised its rating downward to Outperform, adjusting the price target to $2890.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MicroStrategy options trades with real-time alerts from Benzinga Pro.

Posted In: MSTR