Investors with a lot of money to spend have taken a bullish stance on Strategy (NASDAQ:MSTR).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with MSTR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 96 uncommon options trades for Strategy.
This isn’t normal.
The overall sentiment of these big-money traders is split between 47% bullish and 35%, bearish.
Out of all of the special options we uncovered, 19 are puts, for a total amount of $1,816,316, and 77 are calls, for a total amount of $8,609,957.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $115.0 and $360.0 for Strategy, spanning the last three months.
Analyzing Volume & Open Interest
In today’s trading context, the average open interest for options of Strategy stands at 4267.16, with a total volume reaching 251,776.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Strategy, situated within the strike price corridor from $115.0 to $360.0, throughout the last 30 days.
Strategy Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSTR | CALL | SWEEP | NEUTRAL | 01/23/26 | $5.3 | $5.05 | $5.19 | $195.00 | $1.3M | 634 | 11.9K |
| MSTR | CALL | SWEEP | NEUTRAL | 01/23/26 | $3.15 | $2.93 | $3.04 | $205.00 | $758.0K | 1.2K | 5.7K |
| MSTR | PUT | SWEEP | BEARISH | 06/18/26 | $43.35 | $42.7 | $43.07 | $200.00 | $301.9K | 2.2K | 647 |
| MSTR | CALL | SWEEP | BEARISH | 02/20/26 | $22.3 | $21.7 | $21.7 | $180.00 | $292.2K | 2.8K | 673 |
| MSTR | PUT | TRADE | BEARISH | 01/16/26 | $2.47 | $2.35 | $2.46 | $180.00 | $246.0K | 3.2K | 2.6K |
About Strategy
Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company’s enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education). Geographically, the company operates in EMEA, U.S. and Other Countries.
Present Market Standing of Strategy
- With a trading volume of 18,056,768, the price of MSTR is up by 6.17%, reaching $183.66.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 21 days from now.
What Analysts Are Saying About Strategy
1 market experts have recently issued ratings for this stock, with a consensus target price of $325.0.
- An analyst from Citigroup has decided to maintain their Buy rating on Strategy, which currently sits at a price target of $325.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
