MicroStrategy Unusual Options Activity For July 02
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on MicroStrategy (NASDAQ:MSTR), as observed through unusual options activity. Benzinga's options scanner detected 31 uncommon options trades, with a split sentiment of 32% bullish and 38% bearish. The trades include 9 puts totaling $994,937 and 22 calls totaling $1,150,063. Analysts have mixed opinions, with price targets ranging from $1,826 to $2,890.
July 02, 2024 | 1:48 pm
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Unusual options activity for MicroStrategy indicates a bearish sentiment among big-money investors. Analysts have mixed opinions with price targets ranging from $1,826 to $2,890.
The detection of unusual options activity with a bearish sentiment suggests that significant investors expect a decline in MicroStrategy's stock price. This is further supported by mixed analyst ratings and price targets, indicating uncertainty in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100