Nov 12, 2024, 10:15 AM
Nov 4, 2024, 1:30 PM

Traders Show Split Sentiment on MicroStrategy Options Trading

Highlights
  • The analysis identified 260 unusual trades for MicroStrategy options, with a notable divide in trader sentiment.
  • Calls represented a higher total value than puts in these trades, indicating a preference for bullish trading.
  • Expert analysts have set a favorable average price target of $275.0 for MicroStrategy based on recent trading patterns.
Story

Recent analysis of MicroStrategy options trading revealed a striking trend among traders. Out of 260 unusual trades, 40% demonstrated a bullish sentiment, while an equal 40% expressed bearish tendencies. Calls outnumbered puts, with a total value of $14,870,105 for calls compared to $5,924,510 for puts. The targeting price range for MicroStrategy over the past three months spanned from $2.0 to $530.0. Expert analysts maintained various ratings on the stock, indicating a general confidence in its potential growth. The average price target set by five professional analysts reached $275.0, with individual targets ranging from $240 to $300 suggested by different firms. The rising open interest and trading volume for call options reinforced these bullish expectations.

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