Mixed options sentiment in MicroStrategy (MSTR), with shares up $26.34, or 24.62%, near $133.33. Options volume more than double the daily average with 1.14m contracts traded and puts leading calls for a put/call ratio of 1.1, compared to a typical level near 0.82. Implied volatility (IV30) dropped 37.21 near 88.32, in the highest 10% of observations over the past year, suggesting an expected daily move of $7.42. Put-call skew flattened, suggesting a modestly bullish tone.The company announced earnings after the close on 2026-02-05with option markets having priced in a move of approximately 17.21%.
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