MicroStrategy stock falls 14% in two weeks…Downward pressure increases

JOON HYOUNG LEE

Summary

It was reported that MicroStrategy stock has dropped 14% over the past two weeks.
The put-call skew rose to 3.6%, indicating that more investors are betting on a decline in the stock price.
The stock closed below the 50-day simple moving average (SMA), suggesting mounting downward pressure.

An analysis indicates that downward pressure is mounting on the stock price of MicroStrategy, which holds the largest amount of Bitcoin (BTC) among publicly listed companies worldwide.

CoinDesk reported on the 30th (local time), citing Market Chameleon data, that as of the day, MicroStrategy’s one-year put-call skew had risen to 3.6%. The one-year put-call skew is an indicator showing the difference in implied volatility between call and put options expiring in 12 months.

Generally, the higher the put-call skew index, the more investors are betting on a decline in stock price. CoinDesk stated, “(3.6%) is the highest since April 17.”

MicroStrategy shares have recently struggled. CoinDesk said, “On this day, MicroStrategy stock dropped 14% in two weeks to $292,” and “the closing price also finished just below the 50-day simple moving average (SMA).”

BTC