On June 10, 2025, a substantial $1.8 million call option position in MicroStrategy (MSTR) indicated bullish sentiment, with investors targeting a price above $450 by the option’s expiry on September 19, 2025. MSTR is currently trading at $390.25, necessitating a 15% price increase to reach the strike price and an additional $36.08 to cover the premium per contract.
From June 6 to June 10, trading volume for the $450 strike call surged, peaking at 1,253 contracts, reflecting increased institutional interest. Moreover, 77% of the total premium was executed above the ask price, suggesting aggressive buying behavior among investors. MicroStrategy has also continued its Bitcoin acquisition strategy, recently buying 1,045 BTC, bringing its total to over 580,000 BTC.
MicroStrategy’s stock has experienced a 400% increase this year, closely correlating with Bitcoin’s price movements. Current analyst ratings show mixed sentiment, with LSEG rating it “Outperform” and Schwab giving it an “F,” indicating divergence in investment outlook due to the company’s substantial Bitcoin exposure.
