MSTR Options Are Pricing a $14 Move: Put Demand Builds Into the October 23 Expiration

This is your daily read on Strategy Inc, ticker MSTR, for October 18, 2026. The stock closed Friday at $136.83, and the options market leans bearish. It's pricing a move of about $14 either way, a range from $122.86 to $150.80, into the October 23 expiration. The read breaks if MSTR closes above $144.92. That's the one line to remember. Everything else is the story behind it.

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