MSTR Options History — October 2009

In October 2009, MSTR traded between $6.96 and $8.73. ATM implied volatility averaged 39.3%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 1.2% (HV 20d: 38.1%). Max pain ranged from $5.50 to $8.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.10.

Notable Days

  • 2009-10-29: Highest Volume — 125,440 contracts
  • 2009-10-15: Largest IV spike — 21.6% change
  • 2009-10-28: Highest IV Rank — 31.1%
  • 2009-10-28: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.36$6.96$8.73$7.05$8.73
Max Pain$7.11$5.50$8.00$5.50$7.50
ATM IV39.3%33.5%45.1%35.4%42.5%
Expected Move12.0%9.6%12.9%10.2%12.2%
HV 20d38.1%28.8%71.5%28.8%71.5%
HV 60d29.2%24.7%45.6%24.7%45.6%
IV Rank21.1%11.9%31.1%14.9%29.6%
IV Percentile38.0%19.0%56.0%27.4%47.2%
Term Structure-4.2%-6.5%8.2%7.0%-3.3%
VWIV41.8%34.1%44.6%35.1%42.9%
Skew 25d3.0%0.1%4.7%2.4%0.1%
Skew 10d5.8%0.9%10.3%6.0%0.9%
Call IV 25d40.4%33.2%44.1%35.0%43.0%
Put IV 25d43.4%36.3%46.2%37.4%43.2%
Bid-Ask Spread %17.5111.0838.4018.4338.40
Gamma HHI0.330.220.380.350.22
Net GEX594.4K373.7K1.3M654.2K1.1M
Net DEX-44.1M-98.4M-27.2M-45.2M-98.4M
Net VEX-126.1K-223.9K-109.6K-125.6K-223.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.224.591.240.76
Total Volume16,827.2731,780125,44013,910104,040
Total OI250,480.455199,740321,550256,610321,550

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$7.05$5.5035.4%10.2%28.8%14.9%35.1%2.4%7.0%654.2K-45.2M-125.6K1.2418.43N/AN/A6,2107,700139,620116,990
2009-10-02$6.96$5.5033.5%9.6%29.5%11.9%34.1%3.1%8.2%582.9K-41.7M-126.5K1.8313.80N/AN/A6301,150141,730119,470
2009-10-05$7.11$7.0035.7%12.2%29.2%15.3%44.3%4.7%-5.3%670.9K-46.3M-124.4K4.5916.24N/AN/A2,86013,120141,700120,190
2009-10-06$7.51$7.0035.0%12.0%34.2%14.3%44.6%4.2%-5.0%697.4K-58.0M-126.5K1.7217.10N/AN/A5,2609,060141,440128,820
2009-10-07$7.24$7.0038.6%12.6%37.2%19.8%42.8%3.8%-5.7%587.6K-48.6M-133.6K0.4216.81N/AN/A3,1301,300142,270130,730
2009-10-08$7.09$7.0036.5%12.4%38.1%16.5%42.7%3.9%-5.6%530.1K-43.9M-132.6K0.8320.89N/AN/A2,7502,280143,180131,100
2009-10-09$7.20$7.0034.6%12.3%37.6%13.6%43.0%4.1%-6.0%618.3K-47.1M-127.1K0.6711.85N/AN/A2,4301,640142,980130,230
2009-10-12$7.10$7.0038.9%12.6%37.8%20.2%43.9%4.2%-6.3%568.9K-44.0M-126.2K0.6411.43N/AN/A2,6601,700144,080131,090
2009-10-13$7.04$7.0038.2%12.6%38.0%19.1%43.1%3.7%-6.5%473.6K-41.4M-125.6K0.4817.21N/AN/A3,2601,560144,540131,990
2009-10-14$7.13$7.0034.2%12.4%38.2%12.9%42.6%4.1%-6.1%528.7K-44.8M-124.8K0.2216.75N/AN/A2,870620146,540132,220
2009-10-15$7.44$7.0041.5%11.9%40.7%24.2%42.9%2.5%-5.3%1.3M-57.5M-115.4K0.8020.85N/AN/A6,2505,000145,980132,440
2009-10-16$7.37$7.0040.7%11.7%40.9%22.9%41.6%2.2%-4.8%681.1K-51.9M-115.2K0.8522.21N/AN/A4,0303,440145,960135,970
2009-10-19$7.49$7.0041.1%11.8%34.5%23.6%40.8%3.3%-5.3%495.7K-36.4M-109.6K0.5721.57N/AN/A3,5302,010108,04091,700
2009-10-20$7.48$7.0040.4%11.6%34.2%22.4%40.0%2.5%-4.3%499.7K-35.6M-110.6K2.7311.35N/AN/A1,8004,910109,40092,610
2009-10-21$7.20$8.0042.0%12.0%36.6%25.0%41.4%1.9%-4.9%373.7K-27.2M-115.3K0.6011.08N/AN/A4,4402,680110,30096,900
2009-10-22$7.36$7.5039.8%11.4%37.4%21.5%40.5%3.5%-4.3%412.7K-30.8M-115.5K1.9514.79N/AN/A2,7905,430111,95098,120
2009-10-23$7.57$7.5041.4%11.9%38.4%24.1%40.7%1.9%-4.6%400.2K-35.8M-115.3K0.2212.22N/AN/A9,0802,040113,070102,480
2009-10-26$7.59$7.5042.8%12.3%38.4%26.2%42.6%2.8%-5.2%506.2K-37.1M-117.9K0.5118.36N/AN/A3,4901,790118,840103,520
2009-10-27$7.54$8.0043.2%12.4%38.5%26.8%42.8%2.3%-5.6%501.9K-35.7M-118.5K1.0718.33N/AN/A1,2601,350119,080103,760
2009-10-28$7.39$7.5045.1%12.9%39.3%31.1%43.9%2.1%-6.5%461.3K-32.0M-121.2K0.9815.97N/AN/A1,6201,590119,600103,960
2009-10-29$7.34$8.0043.3%12.4%38.9%28.0%43.7%2.1%-6.1%462.2K-30.2M-121.9K0.6119.54N/AN/A77,95047,490120,140104,290
2009-10-30$8.73$7.5042.5%12.2%71.5%29.6%42.9%0.1%-3.3%1.1M-98.4M-223.9K0.7638.40N/AN/A59,23044,810176,870144,680