1.$MicroStrategy (MSTR.US)$stock jumped 7.81% in Tuesday's trading with the most traded calls are contracts of $400 strike price that expire on Dec 27. The total volume reaching 12,500 with the open interest of 11,230.
MicroStrategy has scheduled a special shareholder meeting to approve changes in its equity issuance strategy to fund additional Bitcoin acquisitions. A proxy filing dated Dec. 23 with the SEC reveals the company's plan to increase authorized shares of Class A common stock and preferred stock. This move aims to provide greater flexibility for issuing shares in the future.
In simple terms, the company wants approval to significantly increase the maximum number of shares it can issue - expanding Class A common stock from 330 million to 10.33 billion shares and preferred stock from 5 million to over 1 billion.
Unusual Stock Options Activity
There was a noteworthy activity in$Palantir (PLTR.US)$, with $84 puts topping the highest volume to open interest ranking. The highestvolume over open interest ratio reaches 95.3x with 12,580 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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