Mixed options sentiment in MicroStrategy with shares up 0.13%

Mixed options sentiment in MicroStrategy (MSTR), with shares up 44c, or 0.13%, near $342.50. Options volume relatively light with 137k contracts traded and calls leading puts for a put/call ratio of 0.98, compared to a typical level near 0.83. Implied volatility (IV30) dropped 1.5 near 53.77,in the bottom quartile of the past year, suggesting an expected daily move of $11.60. Put-call skew steepened, indicating increased demand for downside protection.