Strategy Inc (MSTR) Options History

Historical options analytics archive for MSTR with monthly max pain, implied volatility, gamma exposure, and put/call data.

233 months of complete options data available.

MSTR monthly aggregates over the last 6 months: ATM IV, max pain, net GEX, and put/call ratioAverage ATM IVAverage ATM IV70%75%80%25-1226-0126-0226-0326-0426-05MonthIVMonth-End Max PainMonth-End Max Pain$135$140$145$150$155$160$16525-1226-0126-0226-0326-0426-05MonthStrike ($)Month-End Net GEXMonth-End Net GEX$0$20.0M$40.0M$60.0M$80.0M$100.0M$120.0M25-1226-0126-0226-0326-0426-05MonthGEXAverage P/C RatioAverage P/C Ratio0.600.700.800.901.0025-1226-0126-0226-0326-0426-05MonthP/C
Month-by-month aggregates from the MSTR daily snapshot archive. IV and P/C are averages across days in the month; max pain and net GEX are end-of-month values.

MSTR monthly aggregates

Month-by-month rollups derived from the daily snapshot archive for MSTR. Volatility and put/call columns are averages across trading days within the month; max pain, net GEX, and net DEX are the end-of-month values (last trading day of the month).

MonthDaysAvg ATM IVAvg IV RankEnd Max PainEnd Net GEXEnd Net DEXAvg P/C
2026-052067.0%28.6%$165.00$126.4M-$3.17B0.55
2026-042172.4%35.3%$140.00$94.8M-$4.40B0.58
2026-032273.2%36.3%$135.00$41.7M$839.8M0.72
2026-021984.0%50.1%$140.00$85.7M$850.4M1.05
2026-012067.1%30.4%$165.00$50.3M$232.1M0.71
2025-122271.8%33.5%$145.00-$12.3M$833.6M0.83

2026

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2025

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