
Strategy Inc (MSTR) stock has been flat for almost 2 months despite Bitcoin's gyrations. Today's huge volume of out-of-the-money MSTR call options is unusual. Investors may be taking advantage of high premiums in a covered call play.
MSTR is at $127.00 in midday trading, which is close to where it was on Feb. 4 ($129.09). MSTR is known as a Bitcoin treasury stock, given its huge holdings of Bitcoin. Bitcoin is not moving much today. So, why are investors piling into MSTR call options today?