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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSTR:
- Lance Vitanza’s Buy Rating on Strategy: Accretive Sales Program and Bitcoin Exposure Drive Positive Outlook
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- Strategy Skips the Bitcoin Dip and Still Bags $14 Billion in Unrealized BTC Gains
- Will BitMine Immersion Technologies Stock (BMNR) Continue Its 1,300% Rally?
- Strategy Announces $4.2 Billion Stock Offering