MicroStrategy Stock Recovers From Bitcoin-Related Rout

Sentiment surrounding MSTR has been quite bearish lately

Digital Content Manager
Apr 12, 2022 at 9:53 AM
facebook X logo linkedin

The shares of MicroStrategy Incorporated (NASDAQ:MSTR) are up 2% at $445.00 this morning, as they recoup some of yesterday's bitcoin- (BTC) related losses. The cryptocurrency fell back toward the $40,000 level on Monday after a brief breakout in late March, and stocks connected to crypto felt the heat. As a well-known bitcoin buyer, MSTR lost 3.7% on the day during the sector-wide pullback. 

It's been a rough year for MicroStrategy stock, which has lost almost 20% in 2022, and 38.6% in the last 12 months. The 100-day moving average swooped in as a rejection level for the equity's late-March rally, though the 60-day moving average helped contain some of yesterday's losses, after acting as a ceiling early last month. 

Sentiment surrounding MSTR has been incredibly bearish. Among options traders, 1.24 puts have been picked up for every call at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) during the past 10 weeks. This ratio sits higher than 99% of readings from the past 12 months, indicating a much healthier-than-usual appetite for long puts of late. 

In that same vein, the stock sports a Schaeffer's put/call open interest ratio (SOIR) of 1.18, which stands in the 89th percentile of its 12-month range. This points to a heavy put-bias among short-term options traders as well. 

Shorts have also been piling on, up 3% in the last reporting period. The 2.21 million shares sold short now make up  a hefty 23.8% of the stock's available float, or nearly a week's worth of pent-up buying power. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI