MicroStrategy Bullish Bets Could Indicate A Cryptocurrency Rebound – MicroStrategy (NASDAQ:MSTR) – Benzinga

MicroStrategy Bullish Bets Could Indicate A Cryptocurrency Rebound – MicroStrategy (NASDAQ:MSTR) – Benzinga

Blockchain Crypto Market Technology
November 9, 2022 by Coinvasity
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On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Thursday’s trading of MicroStrategy Inc. MSTR implied a move of 10%.There was a buyer of 238 of the Nov. 11, weekly 260 calls at an average price of $11.62 per contract, Khouw mentioned.The trader expects shares of MicroStrategy to rise by at least 7.5%
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On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Thursday’s trading of MicroStrategy Inc. MSTR implied a move of 10%.
There was a buyer of 238 of the Nov. 11, weekly 260 calls at an average price of $11.62 per contract, Khouw mentioned.
The trader expects shares of MicroStrategy to rise by at least 7.5% by Friday expiration, he added. The company reportedly intends to continue buying and holding Bitcoins, as it builds a payments network on the Bitcoin blockchain.
Check out other stocks making moves in the premarket.
MSTR Price Action: Shares of MicroStrategy had risen by 0.085% to close at $248.44 on Thursday.

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