TSLA
Tesla
-- 416.230 TEM
Tempus AI
-- 48.915 NVDA
NVIDIA
-- 139.000 AAPL
Apple
-- 220.350 DJT
Trump Media & Technology
-- 35.530 
MicroStrategy Shares Take Roller Coaster Ride, Driving Options Volume Higher
$MicroStrategy (MSTR.US)$ shares took a roller-coaster ride Thursday, spurring increasing activities in the options market just after Bitcoin hit a new milestone, climbing above $100,000.
The software company, whose business strategy includes buying and holding Bitcoin, saw its shares jump as much as 9.6% to an intra-day record high of $444.94 after $Bitcoin (BTC.CC)$ soared past $103,000. That rally almost pushed the $450 call options in-the-money just a day before expiration.
The party didn't last. While Bitcoin held on to its gains, MicroStrategy shares started retreating about an hour into the trading day, declining as much as $3.4% to $392.12 before paring the loss. That whipsaw pushed the call options deeper out of the money, helping fuel the sell-off.
By 12:30 p.m. in New York, more than 22,000 call options that give the holders the right to buy MicroStrategy shares at $450 by tomorrow changed hands, almost triple the open interest. The price of that contract tumbled 31%, reversing a gain of as much as 302% earlier in the day.
In total, 478,470 MicroStrategy call and put options across 19 expiration dates stretching through Jan. 15, 2027 were traded so far. That landed the software company in the third spot for the most active stock options, behind $NVIDIA (NVDA.US)$and $Tesla (TSLA.US)$.
Even after MicroStrategy's decline Thursday, the stock is still up 526%, more than triple Bitcoin's 141% rally. Is MicroStrategy worth that premium over Bitcoin?
Share your thoughts on MicroStrategy, Tesla, and Nvidia and other options in the comments section. And vote to let us know your sentiment on MicroStrategy.
Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. All company analysis information is provided by third parties and not by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for informational purposes and is not a recommendation. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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74468583 : CoinbaseThis morning from 348dropped to USD331USD, possibly due to normal market fluctuations. And microstrategy（MSTRFrom 444falling to 388dollars, may cause concern, but such price fluctuations are not uncommon in stocks related to bitcoin. Stock prices are influenced by various factors, including market sentiment, changes in bitcoin prices, and investor behavior. If there are suspicions of manipulation, further investigation is warranted.
Wendy Smith lewis : wow
sunwu79 : Rise
成吉思汗 : Other
Alice Lim choo :
Adrianlim90 : 1
Hana Irfa : tq
山芭佬 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
104476495 : h
Aaron Invests (AI) : Doesn't feel like a rollercoaster in the open market. Is more like a nosedive!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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