On December 15, Eastern Time, Strategy options saw a total of 584127 contracts traded, with calls accounting for 46% and puts making up 53%.
Strategy has 3134252 contracts outstanding, with calls accounting for 55% and puts making up 44%.
The top volume gainer was the 165 dollars Put option expiring on December 19, 2025, with 16359 contracts traded.
On the news front, Based on recent key news:

1. Dec 16, the New York State Common Retirement Fund increased its stake in MicroStrategy despite Bitcoin's 3.5% drop, showing institutional confidence in crypto-linked equities. This move highlights the continued interest in the company's strategy, even amid market volatility.

2. Dec 16, MicroStrategy purchased 10,645 BTC for approximately $980.3 million, reflecting its ongoing commitment to Bitcoin accumulation. This significant investment underscores the company's belief in Bitcoin's long-term value, despite recent price struggles.

3. Dec 14, MicroStrategy remains in the Nasdaq 100 Index after the latest annual rebalancing, preserving its position despite debates over its transformation into a Bitcoin investment vehicle. This decision provides some stability for the stock amid broader market uncertainties.Crypto market volatility and institutional interest.
Please note: The chart below does not include options expiring within five days.
<img src="https://assets.lbctrl.com/h5hub/optrank/images/2025-12-16/ST_US_MSTR_en.png" alt="image" original-src="https://assets.lbctrl.com/h5hub/optrank/images/2025-12-16/ST_US_MSTR_en.png"/>

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On December 15, Eastern Time, Strategy options saw a total of 584127 contracts traded, with calls accounting for 46% and puts making up 53%.

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