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Bullish flow in MicroStrategy (MSTR), with shares up $17.35 (+4.29%) near $422.25.

Options volume is relatively light, with 432k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.66. Implied volatility (IV30) rose 2.27 to 71.76,in the lowest 10% of observations over the past year, suggesting an expected daily move of $19.09. Put-call skew flattened, suggesting a modestly bullish tone.

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