On September 18, Strategy rose 3.2% in pre-market trading, trading at $136.45/share, with turnover of $13.25 million. The stock closed the prior session at $132.25 after gaining 4.81%, and the pre-market move extends the upward momentum seen across the crypto sector.

The rally follows a broad-based recovery in crypto concept stocks. On September 17, multiple crypto-linked names surged, with Bullish up over 8%, BitMine up over 7%, and Strategy up over 5%, alongside gains of over 4% in Circle, Coinbase, and Riot Platforms. This rebound came after the sector experienced a sharp sell-off on September 16 triggered by the failure of the Clarity Act in the Senate, which had sent Bitcoin down as much as 5.3% and dragged Coinbase down 12%, Circle down 13%, and Strategy down 8%.

Notably, despite the stock price recovery, the options market has shown persistent bearish positioning. On September 17, a cross-expiry double-sell call combination collected $1.48 million in premium, while on September 18, a $11.65 million deep in-the-money put purchase emerged as the session's most prominent directional bet, signaling institutional caution about sustainability of the rebound.

(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.)