
MicroStrategy Inc. ($MSTR) experienced significant trading activity on November 22, 2024, with the stock showing a 12% increase by the end of the trading day. The stock was observed testing key resistance levels, particularly around the 400 and 450 price points. Notably, a trader purchased $2.4 million worth of $MSTR call options with a strike price of 890, set to expire in February. The implied volatility for these options surged to 196%, indicating heightened market expectations for future price movements. Analysts are closely monitoring the stock's relative strength against Bitcoin ($BTC) as a potential indicator of its performance. Overall, the day's trading reflected a bullish sentiment, with millions in premium for options contracts and a steady upward trend in the stock price.
$MSTR classic golden age of options price action https://t.co/SmLNBPPjMx
$MSTR the IV on these contracts is 196%👀 https://t.co/dyvjEBBv7f
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