MicroStrategy Options Volume Surges to 7.3M as Shares Drop 18.3% Year-to-Date
MicroStrategy has seen 7.3 million options contracts traded over the past ten days, including 4.6 million calls and 2.7 million puts, with the February 135 call most active. Shares have slid 18.3% year-to-date, hitting a $104.16 low as Bitcoin dropped to $64,830 and technical headwinds increase.
1. Stock Performance and Bitcoin Decline
Shares recently traded down 4.2% at $125.53 after Bitcoin plunged to $64,830 following a 15% global tariff threat, extending a broader crypto-sector slump. This marked another dip as investors grapple with renewed selling pressure on digital assets.
2. Options Volume and Strike Focus
Over the past ten days, 7.3 million options contracts changed hands, including 4.6 million calls and 2.7 million puts, with the February 135 call and the weekly February 13 135-strike call drawing the most attention. This sustained activity places MicroStrategy among the busiest option names.
3. Year-to-Date Decline and Technical Resistance
MicroStrategy shares have tumbled 18.3% this year, bottoming at $104.16 on February 5. The stock faces overhead resistance from its descending 20-day moving average, reinforcing its longer-term downtrend.
4. Volatility Metrics and Expectations
The stock’s implied volatility index sits at 78%, in the low 13th percentile of its annual range, while its volatility scorecard reads 71 out of 100. These readings suggest options traders are pricing in muted near-term swings despite recent historic volatility.