Moderately bullish activity in MicroStrategy (MSTR), with shares up $3.98, or 1.0%, near $400.92. Options volume roughly in line with average with 206k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.6. Implied volatility (IV30) dropped 0.68 near 48.09,in the lowest 10% of observations over the past year, suggesting an expected daily move of $12.15. Put-call skew flattened, suggesting a modestly bullish tone.
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