MicroStrategy Inc. (NASDAQ: MSTR) shares fell 4.2% to $125.53 amid a broader crypto sector decline triggered by President Donald Trump's 15% global tariff threat. Despite the stock's year-to-date drop of 18.3%, options trading volume has surged, with 4.6 million calls and 2.7 million puts exchanged in the past 10 days. Bitcoin reached a low of $64,830 earlier today, reflecting ongoing sector pressures.
MicroStrategy Inc. (NASDAQ: MSTR), a company closely tied to the cryptocurrency market, has seen heightened options activity even as its stock price declines. The shares were recently trading at $125.53, down 4.2% from the previous close, in line with the broader crypto sector's struggles. This downturn follows President Donald Trump's announcement of a potential 15% global tariff threat, which has weighed on investor sentiment.
Bitcoin (BTC), a key benchmark for the sector, dipped to $64,830 earlier in the day. The crypto market has faced challenges throughout 2026, yet trading interest in MicroStrategy remains robust. Senior Quantitative Analyst Rocky White highlighted MSTR on his list of stocks with the highest options volume over the past 10 days.
In that period, traders executed 4.6 million call options and 2.7 million put options. The most popular contracts included the February 135 call and the weekly 2/13 135-strike call. Since the start of the year, MSTR shares have declined 18.3%, hitting an annual low of $104.16 on February 5. The stock continues to face downward pressure from its descending 20-day moving average.
Market indicators suggest relatively calm expectations. MicroStrategy's Schaeffer's Volatility Index (SVI) stands at 78%, placing it in the low 13th percentile of its annual range, indicating that options traders anticipate low volatility. However, the stock's Schaeffer's Volatility Scorecard (SVS) score of 71 out of 100 shows it has frequently surpassed these low volatility forecasts over the past year.
This surge in options trading underscores continued investor engagement with MicroStrategy despite the prevailing market headwinds.
