tiprankstipranks
Advertisement
Advertisement

Option traders moderately bearish in MicroStrategy with shares down 6.45%

Option traders moderately bearish in MicroStrategy (MSTR), with shares down $9.69 near $140.59. Options volume relatively light with 347k contracts traded and calls leading puts for a put/call ratio of 0.87, compared to a typical level near 0.9. Implied volatility (IV30) is higher by 3.0 points near 69.68,and above the 52wk median, suggesting an expected daily move of $6.17. Put-call skew steepened, indicating increased demand for downside protection.

Claim 30% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1