On October 22, Eastern Time, Strategy options saw a total of 433205 contracts traded, with calls accounting for 60% and puts making up 39%.
Strategy has 2823344 contracts outstanding, with calls accounting for 52% and puts making up 47%.
The top volume gainer was the 320 dollars Call option expiring on October 24, 2025, with 13461 contracts traded.
On the news front, Based on recent key news:

1. Oct 21, Citigroup initiated coverage on MSTR with a Buy/High Risk rating, setting a target price of $485. This reflects optimism about Bitcoin's potential rise to $181,000, which could amplify MSTR's stock movements. Source: Citigroup report

2. Oct 21, Strategy disclosed a purchase of 168 Bitcoin for $18.8M, increasing its holdings to 640,418 BTC. This move highlights the company's aggressive Bitcoin acquisition strategy. Source: SEC filing

3. Oct 21, Board member Jarrod Patten bought 23,780 shares of MSTR, valued at $2.31M, indicating insider confidence in the company's prospects. Source: Foresight NewsBitcoin's volatility impacts MSTR's stock.
Please note: The chart below does not include options expiring within five days.
<img src="https://assets.lbctrl.com/h5hub/optrank/images/2025-10-23/ST_US_MSTR_en.png" alt="image" original-src="https://assets.lbctrl.com/h5hub/optrank/images/2025-10-23/ST_US_MSTR_en.png"/>

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On October 22, Eastern Time, Strategy options saw a total of 433205 contracts traded, with calls accounting for 60% and puts making up 39%.

Trending | MSTR Plummets 6% on Wednesday, Some Put options Soar 353%