Option traders moderately bearish in MicroStrategy (MSTR), with shares down $2.24 near $110.29. Options volume relatively light with 286k contracts traded and puts leading calls for a put/call ratio of 1.13, compared to a typical level near 0.85. Implied volatility (IV30) is higher by 0.8 points near 78.07,in the top quartile of the past year, suggesting an expected daily move of $5.42. Put-call skew flattened, suggesting a modestly bullish tone.

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