What the Options Market Tells Us About MicroStrategy

Author: Benzinga Insights | April 24, 2024 09:47am

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 27 trades.

If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $407,273 and 17, calls, for a total amount of $1,592,410.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $980.0 to $3800.0 for MicroStrategy over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of MicroStrategy stands at 168.38, with a total volume reaching 182.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MicroStrategy, situated within the strike price corridor from $980.0 to $3800.0, throughout the last 30 days.

MicroStrategy 30-Day Option Volume & Interest Snapshot

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	NEUTRAL	01/17/25	$487.55	$470.0	$478.8	$1350.00	$478.8K	70	0
MSTR	CALL	SWEEP	BULLISH	04/26/24	$33.0	$30.0	$33.0	$1350.00	$330.0K	268	127
MSTR	CALL	SWEEP	BULLISH	01/17/25	$535.0	$530.0	$535.0	$1200.00	$214.0K	162	2
MSTR	CALL	TRADE	BULLISH	01/17/25	$535.0	$530.0	$535.0	$1200.00	$107.0K	162	2
MSTR	CALL	TRADE	BEARISH	04/26/24	$359.05	$354.0	$354.0	$980.00	$106.2K	1	1

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 50,026, the price of MSTR is down by -1.56%, reaching $1317.79.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 5 days from now.

Professional Analyst Ratings for MicroStrategy

In the last month, 3 experts released ratings on this stock with an average target price of $1828.3333333333333.

• Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on MicroStrategy with a target price of $1800.
• An analyst from Benchmark persists with their Buy rating on MicroStrategy, maintaining a target price of $1875.
• In a cautious move, an analyst from Canaccord Genuity downgraded its rating to Buy, setting a price target of $1810.

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