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Options Market Statistics: MicroStrategy Plans New Shares to Boost Bitcoin Buys; Options Pop

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Options Newsman joined discussion · 11 hours ago
News Highlights
1. $MicroStrategy (MSTR.US)$ stock jumped 7.81% in Tuesday's trading with the most traded calls are contracts of $400 strike price that expire on Dec 27. The total volume reaching 12,500 with the open interest of 11,230.
MicroStrategy has scheduled a special shareholder meeting to approve changes in its equity issuance strategy to fund additional Bitcoin acquisitions. A proxy filing dated Dec. 23 with the SEC reveals the company's plan to increase authorized shares of Class A common stock and preferred stock. This move aims to provide greater flexibility for issuing shares in the future.
In simple terms, the company wants approval to significantly increase the maximum number of shares it can issue - expanding Class A common stock from 330 million to 10.33 billion shares and preferred stock from 5 million to over 1 billion.
Options Market Statistics: MicroStrategy Plans New Shares to Boost Bitcoin Buys; Options Pop
Options Market Statistics: MicroStrategy Plans New Shares to Boost Bitcoin Buys; Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Palantir (PLTR.US)$, with $84 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 95.3x with 12,580 contracts.
Options Market Statistics: MicroStrategy Plans New Shares to Boost Bitcoin Buys; Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: MicroStrategy Plans New Shares to Boost Bitcoin Buys; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. 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 i potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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