MSTR is down over 37% in 2026 but analysts and options traders are bullish
Strategy Inc (NASDAQ:MSTR) stock is up 2.3% to trade at $95.21 today, after the cryptocurrency company raised $333.7 million in at-the-market stock sales. The company did not buy any Bitcoin (BTC) in the last week though, per an SEC filing.
MSTR has traded in a tight range since July and is 37% lower year to date. The shares' 50-day moving average kept a lid on breakouts earlier this month.
Despite a 74% 52-week deficit, 17 of the 19 brokerages covering Strategy maintain "buy" or better ratings, while the consensus 12-month price target of $250 is a 162% premium from its current perch.
Options traders are also bullish. MSTR's 10-day call/put volume ratio of 3.98 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that sits in the highest possible percentile of its annual range.
Options are the way to go though, with the stock's Schaeffer's Volatility Index (SVI) of 65% ranks in the 6th percentile of its annual range, meaning options traders are pricing in low volatility expectations. The stock has tended to exceed those expectations over the past year, too, per its Schaeffer's Volatility Scorecard (SVS) of 97 out of 100.