Check Out What Whales Are Doing With MSTR

Author: Benzinga Insights | July 12, 2024 11:01am

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

Looking at options history for MicroStrategy (NASDAQ:MSTR) we detected 71 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 23 are puts, for a total amount of $2,739,473 and 48, calls, for a total amount of $2,895,561.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $280.0 to $3800.0 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 $280.0 to $3800.0, over the past month.

MicroStrategy Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
MSTR	PUT	SWEEP	NEUTRAL	08/02/24	$108.1	$101.25	$104.7	$1350.00	$837.6K	11	0
MSTR	PUT	SWEEP	NEUTRAL	08/02/24	$103.0	$96.2	$99.6	$1340.00	$796.8K	3	0
MSTR	CALL	TRADE	BEARISH	06/18/26	$650.0	$632.0	$633.19	$1400.00	$379.9K	98	0
MSTR	PUT	TRADE	BULLISH	07/19/24	$90.05	$87.0	$87.0	$1400.00	$174.0K	296	175
MSTR	CALL	TRADE	BULLISH	07/12/24	$55.0	$49.0	$55.0	$1315.00	$165.0K	179	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.

Present Market Standing of MicroStrategy

• Currently trading with a volume of 268,291, the MSTR's price is up by 1.13%, now at $1373.89.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 18 days.

What The Experts Say On MicroStrategy

In the last month, 5 experts released ratings on this stock with an average target price of $2264.2.

• In a cautious move, an analyst from Bernstein downgraded its rating to Outperform, setting a price target of $2890.
• An analyst from Bernstein has revised its rating downward to Outperform, adjusting the price target to $2890.
• Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for MicroStrategy, targeting a price of $1826.
• Reflecting concerns, an analyst from Maxim Group lowers its rating to Buy with a new price target of $1835.
• Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on MicroStrategy with a target price of $1880.

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.

Posted In: MSTR