On May 18, Eastern Time, Strategy options saw a total of 329268 contracts traded, with calls accounting for 58% and puts making up 41%.
Strategy has 2414613 contracts outstanding, with calls accounting for 52% and puts making up 47%.
The top volume gainer was the 170 dollars Call option expiring on May 22, 2026, with 15747 contracts traded.
On the news front, Based on recent key news:

1. May 18, Strategy Inc. acquired 24,869 bitcoins for $2.01 billion, increasing its total holdings to 843,738 BTC. This significant purchase was funded by selling STRC and MSTR shares, impacting the stock price negatively. Source: Benzinga

2. May 18, Bitcoin's price fell below $77,000 amid geopolitical tensions and inflation concerns, contributing to the decline in MSTR's stock price. Source: The Block

3. May 16, Strategy announced a buyback of $1.5 billion in convertible notes, which was perceived as a strategic move to manage debt, but did not prevent the stock's decline. Source: BenzingaBitcoin volatility impacts MSTR; watch inflation.
Please note: The chart below does not include options expiring within five days.
<img src="https://assets.lbctrl.com/h5hub/optrank/images/2026-05-19/ST_US_MSTR_en.png" alt="image" original-src="https://assets.lbctrl.com/h5hub/optrank/images/2026-05-19/ST_US_MSTR_en.png"/>

MSTR

On May 18, Eastern Time, Strategy options saw a total of 329268 contracts traded, with calls accounting for 58% and puts making up 41%.

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