MicroStrategy Inc (MSTR) has seen a significant increase in bullish options activity, with 342 unusual trades detected by our analysis of its options history. The data suggests that whales have been targeting a price range from $0.5 to $1080 for the company’s stock over the past three months.
A breakdown of the trades reveals that 38% of traders are bullish on MSTR, while 34% show bearish tendencies. Notably, 143 were put options valued at $12,930,756, and 199 were call options valued at $19,188,659.
The company’s current market status is neutral, with a volume of 14,670,909 and a price of $382.26, down -1.34% from its previous close. The next earnings release is expected in 64 days.
Analysts have released ratings on MSTR in the past month, with an average target price of $521.00. However, some experts remain bullish on the stock, with a target price of $650.00.
Options traders should be aware that options carry higher risk compared to trading the underlying stock but offer higher profit potential. It’s essential for traders to educate themselves daily and follow market trends closely to manage their risk.
Source: https://www.benzinga.com/insights/options/24/12/42273542/smart-money-is-betting-big-in-mstr-options