MicroStrategy (NASDAQ: MSTR) is recently down $14.74 to $75.51 in pre-open trading. MSTR reported Q1 revenue of $83.5 million, a 20% increase year over year. COWN says "MSTR announced 1Q results that were short of cons EPS expectations, but slightly above cons revs, and also announced that it is planning to sell its non-core business lines." MSTR overall option implied volatility of 55 is near its 26-week average of 53 according to Track Data, suggesting non-directional risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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