Market Whales and Their Recent Bets on MSTR Options
Portfolio Pulse from Benzinga Insights
Recent analysis of MicroStrategy (NASDAQ:MSTR) options trading reveals a predominantly bearish sentiment among large investors, with 69% of detected trades being bearish. The trades range between $200 and $1200 strike prices, indicating expectations of significant price movement. The largest trades include both bullish and bearish positions, with notable activity for calls at strike prices of $850, $1200, $500, and $400. MicroStrategy's stock has recently risen by 6.62%, with a current price of $626.7, though it may be overbought according to RSI values. The next earnings report is expected in 80 days.
February 09, 2024 | 3:01 pm
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Large investors have shown a predominantly bearish sentiment towards MicroStrategy, with a significant portion of options trades indicating expectations of price movement between $200 and $1200. The stock has recently seen a price increase of 6.62%, but RSI values suggest it may be overbought.
The bearish sentiment among large investors, as evidenced by the options trading activity, suggests caution. However, the recent price increase and the potential overbought status according to RSI values introduce uncertainty about the short-term price direction. The upcoming earnings report in 80 days could also influence the stock's performance, adding to the complexity of predicting short-term movements.
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