
Thanks to MicroStrategy (MSTR) effectively becoming a proxy for the cryptocurrency ecosystem, it wasn’t unusual to see MSTR stock represented within Barchart’s screener for unusual stock options volume on Friday. The interpretation of the data was, however, a completely different story.
When the dust finally settled on the final trading session of November, MicroStrategy options volume totaled 495,180 contracts against an open interest reading of 2.68 million contracts. But the former figure represented a 13.82% decline from the trailing one-month average volume. Stated differently, traders apparently weren’t that interested in MSTR stock.