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 117 uncommon options trades for Strategy.

This isn't normal.

The overall sentiment of these big-money traders is split between 48% bullish and 35%, bearish.

Out of all of the special options we uncovered, 44 are puts, for a total amount of $3,734,581, and 73 are calls, for a total amount of $5,083,406.

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 $5.0 and $520.0 for Strategy, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Strategy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Strategy's substantial trades, within a strike price spectrum from $5.0 to $520.0 over the preceding 30 days.

Strategy Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MSTR PUT TRADE BULLISH 01/21/28 $54.7 $54.15 $54.15 $135.00 $541.5K 533 603
MSTR PUT SWEEP BEARISH 05/15/26 $8.8 $8.6 $8.8 $110.00 $222.0K 2.0K 373
MSTR PUT TRADE BULLISH 03/20/26 $17.6 $16.5 $16.76 $148.00 $167.6K 547 262
MSTR CALL SWEEP BULLISH 01/15/27 $36.2 $35.65 $36.02 $150.00 $151.5K 3.1K 90
MSTR CALL TRADE BEARISH 03/20/26 $130.95 $127.75 $128.83 $5.00 $128.8K 1.8K 20

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 Regions, of which maximum revenue is derived from U.S..

Present Market Standing of Strategy

  • Trading volume stands at 13,349,806, with MSTR's price down by -4.8%, positioned at $133.1.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 55 days.

What The Experts Say On Strategy

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $253.0.

  • An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on Strategy, which currently sits at a price target of $192.
  • An analyst from Mizuho persists with their Outperform rating on Strategy, maintaining a target price of $320.
  • In a cautious move, an analyst from BTIG downgraded its rating to Buy, setting a price target of $250.
  • Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on Strategy with a target price of $250.

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.