MicroStrategy Options Activity Hits Record High -- WSJ

Dow Jones11-23 02:59

By Krystal Hur

Options activity around MicroStrategy is going gangbusters.

Trading volumes of the bitcoin-holding firm's options contracts hit a record high on Thursday before declining on Friday, Cboe Global Markets Data show.

The activity in the options market has been largely bullish. Some of the most actively traded MicroStrategy options contracts in recent days have been calls tied to the stock jumping to $450 and $500, according to Cboe. Calls confer the right to buy a stock at a set price.

MicroStrategy shares jumped 11% Friday to $441.93 after dropping 16% during the previous session. The stock has surged to record highs in recent weeks after crypto-ally Donald Trump was elected U.S. president.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 22, 2024 13:59 ET (18:59 GMT)

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