MSTR Options History — October 2007

In October 2007, MSTR traded between $7.95 and $9.83. ATM implied volatility averaged 51.5%, placing in the 80.3% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded above realized volatility by 7.4% (HV 20d: 44.1%). Max pain ranged from $7.50 to $8.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.65.

Notable Days

  • 2007-10-31: Highest Volume — 222,420 contracts
  • 2007-10-11: Largest IV spike — 25.4% change
  • 2007-10-22: Highest IV Rank — 100.0%
  • 2007-10-30: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.42$7.95$9.83$8.29$9.83
Max Pain$7.91$7.50$8.00$7.50$8.00
ATM IV51.5%41.7%60.9%41.9%47.5%
Expected Move15.2%12.0%17.5%12.0%13.6%
HV 20d44.1%38.6%58.2%40.9%58.2%
HV 60d49.1%43.0%54.0%49.9%49.6%
IV Rank80.3%51.6%100.0%52.3%62.6%
IV Percentile92.8%70.1%100.0%73.8%88.5%
Term Structure-6.4%-12.3%7.3%7.0%-1.8%
VWIV53.1%44.0%61.7%44.0%48.5%
Skew 25d5.3%0.2%8.2%3.3%0.2%
Skew 10d10.5%3.4%15.3%8.1%3.8%
Call IV 25d50.8%41.6%59.5%41.6%47.6%
Put IV 25d56.1%44.9%63.2%44.9%47.8%
Bid-Ask Spread %10.796.3816.086.3816.08
Gamma HHI0.190.110.350.110.35
Net GEX2.3M944.2K3.3M944.2K3.3M
Net DEX-67.8M-151.3M-41.9M-41.9M-151.3M
Net VEX-442.1K-490.7K-315.9K-315.9K-465.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.161.720.520.76
Total Volume36,214.7838,600222,420121,700222,420
Total OI422,892.609284,410492,780284,410400,370

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$8.29$7.5041.9%12.0%40.9%52.3%44.0%3.3%7.0%944.2K-41.9M-315.9K0.526.38N/AN/A80,04041,660183,910100,500
2007-10-02$8.30$7.5045.4%13.0%40.8%63.2%46.1%0.9%5.8%1.7M-63.2M-413.0K0.2610.07N/AN/A24,2706,300251,010134,460
2007-10-03$8.00$7.5045.9%13.1%41.6%64.5%46.2%1.7%6.6%1.7M-48.3M-406.0K0.3513.16N/AN/A27,6609,790267,120134,790
2007-10-04$7.99$7.5044.9%12.9%40.7%61.6%45.1%1.9%7.3%2.0M-50.7M-425.9K1.368.32N/AN/A3,6504,950291,310139,840
2007-10-05$8.09$8.0041.9%14.5%40.1%52.2%50.6%4.1%-7.8%2.0M-55.8M-418.5K0.628.59N/AN/A6,0403,720282,090142,440
2007-10-08$8.11$8.0045.9%15.1%39.9%64.6%50.1%6.8%-9.1%2.0M-55.6M-406.4K0.298.56N/AN/A29,1608,410282,820143,470
2007-10-09$8.09$8.0043.2%14.9%39.8%56.4%48.3%8.2%-9.3%2.2M-56.2M-426.8K0.2510.87N/AN/A17,8004,380301,120145,820
2007-10-10$8.05$8.0041.7%15.0%39.6%51.6%51.1%8.0%-9.7%2.2M-53.8M-426.8K0.1611.04N/AN/A18,6003,010310,150148,140
2007-10-11$7.95$8.0052.3%15.0%40.1%84.5%52.1%7.3%-9.3%2.2M-49.3M-425.7K1.2011.80N/AN/A11,85014,230317,420149,490
2007-10-12$7.95$8.0052.3%15.0%38.6%84.4%52.2%7.8%-9.3%2.1M-45.2M-432.8K0.3212.22N/AN/A10,9003,530319,730159,890
2007-10-15$8.71$8.0054.3%15.6%47.1%90.6%53.9%6.9%-10.1%3.3M-107.5M-461.8K0.239.35N/AN/A75,89017,720320,460160,760
2007-10-16$8.41$8.0053.7%15.4%47.6%89.0%53.3%7.6%-9.0%3.3M-80.1M-454.7K0.918.30N/AN/A12,11011,060327,900164,880
2007-10-17$8.56$8.0053.5%15.3%47.7%88.3%54.3%7.1%-9.4%2.8M-87.0M-459.0K0.898.32N/AN/A5,3004,740317,220169,840
2007-10-18$8.66$8.0054.0%15.5%47.7%89.9%53.6%6.3%-9.6%2.8M-94.6M-459.0K0.278.91N/AN/A9,2302,520317,590169,690
2007-10-19$8.47$8.0055.8%16.0%48.9%95.4%57.4%5.9%-10.3%2.7M-77.0M-450.0K0.8013.01N/AN/A9,8107,800315,280168,170
2007-10-22$8.61$8.0057.3%16.4%48.7%100.0%58.6%6.9%-9.0%2.1M-64.2M-446.4K1.2812.13N/AN/A11,10014,220235,010118,040
2007-10-23$8.62$8.0056.3%16.1%48.8%96.9%56.5%6.8%-8.5%2.1M-64.8M-459.5K1.7211.49N/AN/A5,95010,220240,740129,350
2007-10-24$8.54$8.0058.6%16.8%48.9%100.0%59.7%5.4%-9.2%2.0M-59.2M-482.0K0.6113.57N/AN/A14,1608,630244,750138,250
2007-10-25$8.49$8.0058.8%16.9%43.5%100.0%59.8%5.8%-9.7%2.0M-56.1M-490.7K0.5312.60N/AN/A9,6705,130250,170141,900
2007-10-26$8.60$8.0058.3%16.7%43.6%98.6%58.6%3.9%-9.9%2.1M-62.6M-485.6K0.4010.72N/AN/A15,8006,320250,750142,490
2007-10-29$8.70$8.0060.6%17.4%41.0%100.0%60.2%4.3%-12.3%2.3M-69.3M-477.5K0.699.44N/AN/A7,6605,260250,770142,800
2007-10-30$8.66$8.0060.9%17.5%41.1%100.0%61.7%3.7%-11.8%2.3M-65.7M-477.5K0.5313.14N/AN/A6,7303,540256,140147,690
2007-10-31$9.83$8.0047.5%13.6%58.2%62.6%48.5%0.2%-1.8%3.3M-151.3M-465.7K0.7616.08N/AN/A126,31096,110255,730144,640