MSTR Options History — June 2012

In June 2012, MSTR traded between $11.76 and $12.99. ATM implied volatility averaged 39.5%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 7.8% (HV 20d: 31.7%). Max pain ranged from $12.50 to $13.50. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.13.

Notable Days

  • 2012-06-08: Highest Volume — 44,870 contracts
  • 2012-06-14: Largest IV spike — 46.2% change
  • 2012-06-14: Highest IV Rank — 33.4%
  • 2012-06-04: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.40$11.76$12.99$11.89$12.99
Max Pain$12.55$12.50$13.50$13.50$12.50
ATM IV39.5%30.4%44.4%44.2%36.1%
Expected Move11.8%10.4%13.0%12.7%10.4%
HV 20d31.7%27.6%35.6%27.6%31.8%
HV 60d35.5%34.5%36.5%36.2%36.0%
IV Rank22.9%3.6%33.4%32.9%15.8%
IV Percentile28.6%2.4%45.6%44.4%12.3%
Term Structure6.0%1.6%9.8%1.6%8.3%
VWIV41.3%35.0%52.2%43.4%36.0%
Skew 25d4.3%-2.7%13.7%5.0%-0.2%
Skew 10d10.8%-7.3%31.9%10.7%7.9%
Call IV 25d39.0%34.8%44.8%42.8%36.5%
Put IV 25d43.3%33.4%50.1%47.8%36.3%
Bid-Ask Spread %86.9567.7699.6780.7396.86
Gamma HHI0.180.100.240.100.20
Net GEX310.4K-525.7K1.0M-29.4K1.0M
Net DEX-8.2M-23.9M5.3M5.3M-23.9M
Net VEX-193.8K-235.1K-102.3K-102.3K-226.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.264.000.850.48
Total Volume4,524.28630044,8708,2801,490
Total OI127,536.66788,170151,27088,170139,230

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-06-01$11.89$13.5044.2%12.7%27.6%32.9%43.4%5.0%1.6%-29.4K5.3M-102.3K0.8580.73N/AN/A4,4803,80050,47037,700
2012-06-04$11.99$12.5043.2%13.0%28.3%30.7%42.5%2.9%3.1%-46.6K4.9M-120.1K0.8167.76N/AN/A63051054,23041,110
2012-06-05$12.01$12.5043.6%12.9%28.5%31.7%46.6%4.3%3.9%-41.4K3.7M-119.0K0.3370.34N/AN/A1,20040054,16041,400
2012-06-06$12.36$12.5039.7%12.4%31.8%23.4%52.2%10.6%3.8%-28.7K1.4M-116.4K1.4382.21N/AN/A47067055,03041,800
2012-06-07$12.20$12.5039.1%12.1%31.8%22.1%43.0%1.9%4.7%-60.0K1.8M-117.6K0.5088.43N/AN/A1,69085055,50042,230
2012-06-08$12.22$12.5041.4%12.5%31.4%27.0%43.2%4.2%5.3%-90.9K2.9M-114.2K0.8484.41N/AN/A24,33020,54055,57042,170
2012-06-11$12.06$12.5040.2%12.8%31.1%24.4%44.1%4.6%1.9%12.0K-3.2M-222.7K0.6787.78N/AN/A1,08072079,35062,430
2012-06-12$11.95$12.5036.9%12.3%31.0%17.4%43.6%2.5%7.8%-75.3K-663.6K-218.9K0.7587.48N/AN/A1,26094079,58062,780
2012-06-13$11.76$12.5030.4%12.7%30.8%3.6%42.7%2.6%6.9%-54.8K2.2M-213.4K2.2489.57N/AN/A2,8806,45080,39062,860
2012-06-14$12.01$12.5044.4%12.7%32.0%33.4%38.8%2.1%3.7%-480.1K1.4M-228.5K1.5488.66N/AN/A1,5102,33081,85068,510
2012-06-15$12.43$12.5043.2%12.4%35.0%30.9%43.7%13.7%3.0%-525.7K-9.2M-231.7K2.0690.32N/AN/A36074082,82068,450
2012-06-18$12.50$12.5039.5%11.3%30.2%22.9%39.9%7.6%7.5%590.4K-12.1M-225.5K0.2686.25N/AN/A1,21031076,71058,720
2012-06-19$12.74$12.5040.7%11.7%30.1%25.4%40.2%8.8%7.2%745.5K-18.1M-232.6K0.8389.08N/AN/A1,2801,06077,56058,750
2012-06-20$12.89$12.5038.0%10.9%30.3%19.9%37.2%6.2%8.4%805.7K-22.2M-229.9K0.7288.09N/AN/A2,6901,93078,21059,440
2012-06-21$12.46$12.5038.4%11.0%32.5%20.6%39.6%0.0%6.4%701.8K-14.9M-235.1K3.2288.81N/AN/A3601,16079,10060,430
2012-06-22$12.91$12.5036.3%10.4%33.4%16.1%0.0%6.4%9.1%836.0K-19.7M-228.8K4.0090.61N/AN/A10040077,70059,490
2012-06-25$12.53$12.5039.2%11.2%35.2%22.4%40.7%5.4%7.7%709.7K-14.6M-221.5K0.7985.84N/AN/A52041077,80059,530
2012-06-26$12.70$12.5038.4%11.0%35.6%20.6%35.0%0.7%9.3%762.0K-16.7M-222.8K0.3290.70N/AN/A2,50079078,15059,540
2012-06-27$12.96$12.5038.7%11.1%32.9%21.3%38.0%3.2%7.5%892.7K-22.1M-221.9K0.8892.31N/AN/A16014078,85059,850
2012-06-28$12.81$12.5037.1%10.6%33.3%18.0%35.7%-2.7%9.8%875.7K-19.1M-220.2K0.2999.67N/AN/A51015078,96059,860
2012-06-29$12.99$12.5036.1%10.4%31.8%15.8%36.0%-0.2%8.3%1.0M-23.9M-226.3K0.4896.86N/AN/A1,01048079,29059,940