Unpacking the Latest Options Trading Trends in Strategy

Investors with a lot of money to spend have taken a bearish stance onStrategyMSTR.And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MSTR, it often means somebody knows something is about to happen.So how do we know what these investors just did?Today,Benzinga's options scanner spotted 45 uncommon options trades for Strategy.This isn't normal.The overall sentiment of these big-money traders is split between 40% bullish and 51%, bearish.Out of all of the special options we uncovered, 12 are puts, for a total amount of $797,309, and 33 are calls, for a total amount of $1,932,931.Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100.Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedWhat's The Price Target?Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $800.0 for Strategy during the past quarter.Analyzing Volume & Open InterestIn today's trading context, the average open interest for options of Strategy stands at 3529.25, with a total volume reaching 34,026.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Strategy, situated within the strike price corridor from $20.0 to $800.0, throughout the last 30 days.Strategy 30-Day Option Volume & Interest SnapshotNoteworthy Options Activity:SymbolPUT/CALLTrade TypeSentimentExp. DateAskBidPriceStrike PriceTotal Trade PriceOpen InterestVolumeMSTRPUTSWEEPBULLISH01/16/26$55.6$54.7$55.0$415.00$275.1K18550MSTRCALLSWEEPBULLISH07/18/25$14.9$14.65$14.76$440.00$259.0K22.1K611MSTRCALLSWEEPBULLISH07/18/25$15.0$14.65$14.92$440.00$169.0K22.1K813MSTRCALLTRADEBULLISH09/19/25$27.0$26.35$26.74$500.00$133.7K4.4K70MSTRCALLSWEEPBEARISH07/18/25$15.2$14.9$15.0$440.00$125.8K22.1K930About StrategyStrategy is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provide industry AI-powered enterprise analytics software.Present Market Standing of StrategyWith a volume of 1,705,723, the price of MSTR is down -0.77% at $447.55.RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.Next earnings are expected to be released in 16 days.What The Experts Say On StrategyOver the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $680.0.Unusual Options Activity Detected: Smart Money on the MoveBenzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks.Click here for access. * Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Strategy, targeting a price of $680.Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Strategy options trades with real-time alerts fromBenzinga Pro.MSTRStrategy$448.97-0.45%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum96.58Growth3.13QualityN/AValue3.17Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .EarningsAnalyst RatingsOptionsDividendsIPOsDate of Trade▲▼ticker▲▼Put/Call▲▼Strike Price▲▼DTE▲▼Sentiment▲▼Click to see moreOptionsupdatesOptions ActivityIdentify Smart Money MovesSee what positions smart money is taking on your favorite stocks with the Benzinga Edge Unusual Options board.Click to JoinPosted In:OptionsMarketsBZI-UOA