Mixed options sentiment in MicroStrategy with shares down 0.86%

Mixed options sentiment in MicroStrategy (MSTR), with shares down $1.44 near $165.08. Options volume roughly in line with average with 348k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.68. Implied volatility (IV30) dropped 1.25 near 76.43,in the top quartile of the past year, suggesting an expected daily move of $7.95. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: MicroStrategy (MSTR) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.