Moderately bullish activity in MicroStrategy with shares up 0.78%

Moderately bullish activity in MicroStrategy (MSTR), with shares up $3.28, or 0.78%, near $426.50. Options volume relatively light with 369k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.59. Implied volatility (IV30) dropped 4.35 near 49.67,in the lowest 10% of observations over the past year, suggesting an expected daily move of $13.34. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: MicroStrategy (MSTR) will report earnings after the close on 2025-07-31.Option markets are pricing in a 50% probability of a move greater than 3.71% or $15.83.