On September 21, T-Rex 2X Long MSTR Daily Target ETF rose 9.13% in pre-market trading, trading at $45.42/share, with turnover of $3.80 million. As a 2x leveraged ETF tracking Strategy (MSTR), the fund's move reflects the underlying stock's recent powerful rally.
On the news front, MSTR surged 16.39% to close at $153.92 on September 19, accompanied by extraordinary bullish options activity. A rare $135 million simultaneous deep in-the-money call purchase, combined with a $5.99 million bull call spread, signaled aggressive institutional positioning for further upside. MSTR's implied volatility stood at 77.28% with the IV percentile at just 21.91%, indicating options were relatively cheap, potentially encouraging large directional bets.
The broader crypto sector has been rallying after Bitcoin recovered above $80,000, lifting crypto-linked equities including MSTR, Coinbase, and MARA Holdings. This followed a period of heightened volatility triggered by the Clarity Act's narrow 49-50 defeat in the Senate, which had previously pressured digital asset stocks. Strategy continues to hold approximately 840,447 Bitcoin with an average cost of roughly $75,385 per coin.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)