MSTR Options History — June 2008

In June 2008, MSTR traded between $6.47 and $7.86. ATM implied volatility averaged 39.7%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 13.1% (HV 20d: 26.6%). Max pain ranged from $7.50 to $8.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.40.

Notable Days

  • 2008-06-23: Highest Volume — 10,270 contracts
  • 2008-06-30: Largest IV spike — 8.0% change
  • 2008-06-30: Highest IV Rank — 27.7%
  • 2008-06-30: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.36$6.47$7.86$7.78$6.47
Max Pain$7.60$7.50$8.00$8.00$7.50
ATM IV39.7%37.2%41.4%37.2%41.4%
Expected Move11.4%10.7%11.9%10.7%11.9%
HV 20d26.6%23.1%32.4%26.8%32.4%
HV 60d54.6%53.8%55.6%55.1%54.4%
IV Rank24.7%20.5%27.7%20.5%27.7%
IV Percentile21.1%12.3%28.6%14.7%28.6%
Term Structure6.6%0.3%14.2%1.2%14.2%
VWIV39.5%36.8%42.5%37.5%42.5%
Skew 25d2.6%1.9%3.6%1.9%2.1%
Skew 10d5.1%2.9%7.3%3.7%4.8%
Call IV 25d38.6%36.2%41.8%37.5%41.8%
Put IV 25d41.3%39.3%43.9%39.3%43.9%
Bid-Ask Spread %14.646.5524.0420.357.34
Gamma HHI0.210.120.300.190.13
Net GEX-275.5K-695.0K304.5K196.8K-243.2K
Net DEX9.2M-7.7M25.0M-4.4M25.0M
Net VEX-293.2K-354.0K-203.1K-354.0K-203.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.225.320.772.07
Total Volume5,183.811,06010,2706,3006,660
Total OI311,724.286247,090339,680330,430255,690

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-06-02$7.78$8.0037.2%10.7%26.8%20.5%37.5%1.9%1.2%196.8K-4.4M-354.0K0.7720.35N/AN/A3,5502,750188,400142,030
2008-06-03$7.63$8.0038.9%11.1%25.3%23.3%38.2%2.7%0.3%-90.8K4.2M-343.3K1.3816.55N/AN/A3,0704,250188,620142,690
2008-06-04$7.61$8.0038.2%10.9%23.1%22.2%39.5%2.7%0.4%-151.6K5.0M-337.6K4.1422.25N/AN/A2801,160188,960142,850
2008-06-05$7.86$8.0037.2%10.7%25.9%20.5%36.8%3.1%0.7%304.5K-7.7M-346.0K0.2224.04N/AN/A6,1401,360188,860142,250
2008-06-06$7.66$7.5038.7%11.3%27.3%23.1%38.7%1.9%5.6%40.7K-386.5K-343.4K0.4914.69N/AN/A2,8101,380192,600142,930
2008-06-09$7.57$7.5041.1%11.5%27.2%27.1%39.9%3.4%5.1%-223.8K5.8M-329.2K1.3119.14N/AN/A2,4803,240193,980143,330
2008-06-10$7.53$7.5040.4%11.5%26.6%26.0%40.2%2.7%5.5%-307.7K7.1M-323.3K4.0318.60N/AN/A3701,490194,510142,700
2008-06-11$7.38$7.5039.9%11.5%26.8%25.1%40.1%2.0%5.6%-681.2K13.3M-310.8K1.6019.77N/AN/A8001,280194,620141,630
2008-06-12$7.42$7.5041.3%11.9%26.9%27.6%41.2%2.4%5.2%-695.0K12.5M-313.3K0.3415.34N/AN/A5,5601,890194,530142,060
2008-06-13$7.50$7.5040.3%11.5%25.8%25.7%40.4%3.6%5.5%-539.2K8.7M-308.8K0.4215.54N/AN/A4,8802,070195,590142,150
2008-06-16$7.49$7.5041.2%11.8%25.8%27.3%40.5%2.9%4.2%-603.0K9.3M-300.8K0.2512.59N/AN/A1,790440196,120142,800
2008-06-17$7.50$7.5040.6%11.6%25.6%26.3%0.0%2.5%5.1%-502.9K7.5M-296.7K0.9315.98N/AN/A550510196,680143,000
2008-06-18$7.50$7.5040.4%11.6%24.3%25.9%39.9%2.9%4.9%-487.6K6.1M-290.7K0.6812.09N/AN/A2,4001,640196,760140,690
2008-06-19$7.50$7.5039.1%11.2%24.3%23.8%38.9%2.8%6.0%-438.9K7.0M-284.5K5.3212.51N/AN/A1,0405,530197,260141,030
2008-06-20$7.30$7.5038.9%11.2%24.5%23.4%39.2%2.5%6.5%-406.4K17.3M-268.6K0.9115.50N/AN/A2,3002,090197,150141,400
2008-06-23$7.00$7.5040.0%11.5%27.8%25.3%39.8%2.4%11.9%-155.5K14.5M-245.9K0.968.59N/AN/A5,2405,030151,31095,780
2008-06-24$6.90$7.5040.5%11.6%26.7%26.1%40.4%2.4%11.7%-202.8K16.4M-238.4K1.778.92N/AN/A3,1705,610152,80096,220
2008-06-25$7.07$7.5039.4%11.3%29.1%24.3%38.8%3.4%12.7%-171.7K13.1M-247.3K0.626.55N/AN/A2,5201,570154,13097,680
2008-06-26$6.97$7.5040.1%11.5%28.3%25.5%39.3%2.3%11.7%-190.9K14.7M-240.4K0.4510.53N/AN/A4,4202,000154,58097,630
2008-06-27$6.83$7.5038.4%11.0%28.4%22.5%38.3%2.9%14.0%-234.6K18.2M-231.1K0.8210.62N/AN/A1,9501,590154,58097,630
2008-06-30$6.47$7.5041.4%11.9%32.4%27.7%42.5%2.1%14.2%-243.2K25.0M-203.1K2.077.34N/AN/A2,1704,490158,07097,620