Moderately bullish activity in MicroStrategy with shares down 1.95%

Moderately bullish activity in MicroStrategy (MSTR), with shares down $7.89 near $396.10. Options volume roughly in line with average with 505k contracts traded and calls leading puts for a put/call ratio of 0.85, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 1.5 points near 54.15,in the lowest 10% of observations over the past year, suggesting an expected daily move of $13.51. Put-call skew flattened, suggesting a modestly bullish tone.