---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39995801.md"
description: "MicroStrategy rose 3.8% today. In terms of options structure, the IV Percentile remains high, which is highly correlated with the actual volatility of its Bitcoin holdings. The Put/Call ratio has been relatively low recently, indicating a clear bullish sentiment🤔.Key strike prices are concentrated in the 145 to 155 range, with the current price trading in the middle.The direction of BTC price is the core driving variable in MicroStrategy's options pricing, far more direct than the company's own fundamentals.The short-term direction follows Bitcoin, and the options structure reflects the market waiting for directional confirmation."
datetime: "2026-04-17T11:42:16.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39995801.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39995801.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39995801.md)
author: "[seoyeon_](https://longbridge.com/en/profiles/26464529.md)"
---

# MicroStrategy rose 3.8% today. In terms of options…


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