MSTR Options History — November 2007

In November 2007, MSTR traded between $9.94 and $10.96. ATM implied volatility averaged 51.0%, placing in the 72.5% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded below realized volatility by 9.5% (HV 20d: 60.5%). Max pain ranged from $8.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2007-11-08: Highest Volume — 123,470 contracts
  • 2007-11-12: Largest IV spike — 14.8% change
  • 2007-11-12: Highest IV Rank — 96.3%
  • 2007-11-26: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.36$9.94$10.96$9.94$10.09
Max Pain$9.76$8.00$10.00$8.00$10.00
ATM IV51.0%44.3%59.6%46.7%51.0%
Expected Move14.4%12.7%15.4%13.4%14.6%
HV 20d60.5%51.5%68.1%58.0%52.2%
HV 60d49.6%46.6%51.0%49.5%50.4%
IV Rank72.5%53.8%96.3%60.4%72.3%
IV Percentile89.6%76.5%99.1%87.6%87.8%
Term Structure-1.6%-2.8%0.3%-0.8%-2.8%
VWIV50.7%44.3%55.1%47.3%50.7%
Skew 25d3.8%0.9%5.1%0.9%5.1%
Skew 10d8.1%2.8%10.4%2.8%9.4%
Call IV 25d48.9%43.7%52.9%47.0%49.1%
Put IV 25d52.7%45.0%57.5%47.8%54.2%
Bid-Ask Spread %12.767.2820.547.2816.55
Gamma HHI0.190.100.430.290.11
Net GEX1.7M548.7K3.9M3.4M633.5K
Net DEX-118.0M-221.6M-43.8M-155.1M-43.8M
Net VEX-558.7K-603.0K-522.3K-525.6K-531.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.252.220.440.82
Total Volume34,117.1438,520123,47040,4008,520
Total OI394,026.19302,620530,920427,820318,970

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-11-01$9.94$8.0046.7%13.4%58.0%60.4%47.3%0.9%-0.8%3.4M-155.1M-525.6K0.447.28N/AN/A27,98012,420283,820144,000
2007-11-02$10.05$8.0044.3%12.7%58.0%53.8%44.3%1.2%0.3%3.3M-162.2M-528.9K0.398.51N/AN/A14,8005,800288,000147,330
2007-11-05$9.96$9.5047.7%13.2%58.4%63.1%47.0%3.0%-0.8%3.4M-158.4M-522.3K1.2313.77N/AN/A38,24047,180288,960149,300
2007-11-06$10.59$9.5044.3%12.9%60.9%53.8%45.3%2.4%-0.1%2.6M-200.1M-530.1K0.7411.92N/AN/A26,51019,550288,370154,160
2007-11-07$10.96$10.0046.7%13.2%60.9%60.5%47.7%2.0%-0.7%2.0M-221.6M-536.4K0.5717.71N/AN/A25,71014,770289,330161,300
2007-11-08$10.34$10.0053.3%14.4%65.6%78.7%51.3%3.2%-1.1%2.6M-174.6M-565.2K0.5120.54N/AN/A81,71041,760289,970166,780
2007-11-09$10.09$10.0051.9%15.0%66.8%74.9%52.9%4.0%-1.7%3.9M-201.8M-603.0K0.9412.64N/AN/A15,99015,070351,900179,020
2007-11-12$10.45$10.0059.6%15.3%60.5%96.3%53.7%3.7%-1.5%1.6M-156.0M-566.9K0.369.31N/AN/A72,03025,650270,670177,560
2007-11-13$10.62$10.0056.3%15.2%58.4%87.2%52.4%4.3%-2.2%1.4M-156.1M-570.4K0.8013.36N/AN/A15,25012,200265,490188,310
2007-11-14$10.67$10.0052.6%15.0%58.4%77.0%53.8%5.1%-2.2%1.4M-131.1M-574.0K0.7511.13N/AN/A11,0908,350240,570194,860
2007-11-15$10.60$10.0051.5%14.8%58.7%73.8%52.0%4.6%-1.4%1.2M-128.2M-571.5K0.8011.63N/AN/A6,9405,550243,320197,280
2007-11-16$10.73$10.0050.0%14.3%57.5%69.6%49.0%4.3%-0.4%1.7M-135.2M-565.7K0.4712.81N/AN/A18,6108,820239,800194,020
2007-11-19$10.54$10.0051.1%14.7%58.4%72.7%52.5%4.3%-1.6%834.1K-64.5M-558.8K0.9211.00N/AN/A15,71014,450171,880130,740
2007-11-20$10.43$10.0050.3%14.4%58.8%70.5%50.9%4.7%-1.8%798.0K-61.1M-565.6K0.5210.44N/AN/A8,2204,300177,120135,520
2007-11-21$10.04$10.0052.9%15.2%60.8%77.8%52.6%3.8%-2.1%548.7K-45.7M-556.6K0.7114.75N/AN/A17,24012,250176,290136,650
2007-11-23$10.68$10.0052.1%14.9%63.4%75.4%51.6%4.5%-2.7%932.9K-71.1M-589.7K0.258.93N/AN/A13,7503,440183,660140,680
2007-11-26$10.08$10.0053.8%15.4%68.1%80.3%55.1%4.6%-2.7%605.6K-47.4M-568.3K2.2212.58N/AN/A5,08011,260185,250140,630
2007-11-27$10.20$10.0053.2%15.3%68.1%78.6%52.7%4.5%-2.6%661.4K-51.1M-571.7K0.3013.59N/AN/A8,3702,470185,980142,880
2007-11-28$10.23$10.0051.7%14.8%67.9%74.3%51.7%4.6%-2.4%766.6K-54.4M-566.4K0.3914.43N/AN/A7,2802,870187,800142,070
2007-11-29$10.34$10.0050.7%14.5%51.5%71.6%50.8%4.5%-2.5%842.9K-58.4M-564.7K0.5815.02N/AN/A5,8603,410186,140138,170
2007-11-30$10.09$10.0051.0%14.6%52.2%72.3%50.7%5.1%-2.8%633.5K-43.8M-531.5K0.8216.55N/AN/A4,6703,850181,190137,780