Options Trading on the Rise with MSTR, MSFT, and COIN

Written By Michael Gary Scott

MicroStrategy Inc. (MSTR) Option Activity

The options trading scene unfolded dramatically today, particularly in the realm of MicroStrategy Inc. (MSTR) with a remarkable total volume of 54,018 contracts exchanged. This figure translates to around 5.4 million underlying shares, reflecting a staggering 426.6% surge compared to the average daily trading volume over the past month. In the spotlight was the $1600 strike call option expiring on May 31, 2024, with 1,508 contracts traded, signifying approximately 150,800 underlying MSTR shares. A captivating chart reflecting the trailing twelve month trading history, with the $1600 strike illuminated in orange, paints a vivid picture of the day’s events.

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Microsoft Corporation (MSFT) Option Activity

The options market was a flurry of activity for Microsoft Corporation (MSFT) as well, witnessing a notable volume of 378,572 contracts traded. This volume represents approximately 37.9 million underlying shares or about 221.3% of MSFT’s average daily trading volume over the past month. With a spotlight on the $405 strike put option expiring on May 31, 2024, 13,720 contracts were exchanged, amounting to about 1.4 million underlying MSFT shares. A compelling visual of MSFT’s trading history over the past year, with the $405 strike shining in orange, encapsulates the day’s fervor.

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Coinbase Global Inc (COIN) Option Activity

In another corner of the options market, Coinbase Global Inc (COIN) was ablaze with trading, amassing a sizeable volume of 192,813 contracts. These contracts represented approximately 19.3 million underlying shares or roughly 212.7% of COIN’s average daily trading volume over the past month. Of particular interest was the $235 strike call option expiring on June 07, 2024, with an impressive 25,884 contracts traded, embodying around 2.6 million underlying COIN shares. A graphical representation of COIN’s trading history, with the $235 strike standing out in orange, captures the intensity of the trading day.

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For more insight into available expirations for MSTR, MSFT, or COIN options, visit StockOptionsChannel.com.

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