Big-money traders have been spotted selling shares of MicroStrategy (MSTR) in large quantities, with a total of 104 uncommon options trades recorded by Benzinga’s options scanner. The majority of these trades are put options, worth $3,898,859, while call options amount to $5,104,105.
The predicted price range for MSTR is between $0.5 and $930, spanning the last three months. However, the mean open interest for MicroStrategy options trades today is 2361.91 with a total volume of 150,336.00, indicating that the big-money traders are focusing on this specific price band.
According to Benzinga’s analysis, the sentiment of these big-money traders is split between 32% bullish and 35% bearish. However, when looking at the company’s own performance, MicroStrategy’s current market status shows a trading volume of 18,961,668 and a price increase of 7.08%, reaching $349.56.
Several professional analysts have given their take on this stock in the last 30 days, setting an average price target of $562.0. Despite the bearish sentiment among big-money traders, some experts remain bullish, with targets ranging from $515 to $570.
Options trading presents higher risks and potential rewards, and it’s essential for astute traders to continually educate themselves, adapt their strategies, monitor multiple indicators, and keep a close eye on market movements.
Source: https://www.benzinga.com/insights/options/24/12/42626725/a-closer-look-at-microstrategys-options-market-dynamics