MSTR Options History — April 2013

In April 2013, MSTR traded between $9.02 and $10.48. ATM implied volatility averaged 39.4%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 12.6% (HV 20d: 26.8%). Max pain ranged from $9.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.58.

Notable Days

  • 2013-04-30: Highest Volume — 9,380 contracts
  • 2013-04-11: Largest IV spike — 37.6% change
  • 2013-04-29: Highest IV Rank — 70.8%
  • 2013-04-29: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.95$9.02$10.48$10.30$9.02
Max Pain$9.77$9.50$10.00$9.50$9.50
ATM IV39.4%29.9%51.1%31.6%38.0%
Expected Move11.8%8.6%14.7%9.1%10.9%
HV 20d26.8%21.8%42.7%42.7%40.8%
HV 60d36.3%34.6%39.7%36.5%39.7%
IV Rank41.8%18.3%70.8%22.5%38.1%
IV Percentile55.1%6.0%94.4%19.0%61.5%
Term Structure-2.5%-10.7%10.0%7.5%-1.0%
VWIV41.6%29.6%51.5%37.4%35.5%
Skew 25d3.6%-0.5%6.3%2.5%5.8%
Skew 10d6.2%-4.4%20.7%13.9%11.7%
Call IV 25d39.6%29.0%49.6%31.1%34.7%
Put IV 25d43.2%30.4%53.8%33.5%40.6%
Bid-Ask Spread %78.1066.1594.9189.1074.13
Gamma HHI0.210.130.470.160.17
Net GEX246.3K68.9K501.0K184.0K68.9K
Net DEX-6.2M-11.8M604.3K-5.3M604.3K
Net VEX-40.0K-47.0K-30.0K-30.0K-36.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.0111.000.011.40
Total Volume1,725.455609,3801,1709,380
Total OI37,435.45524,78045,06035,81034,250

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$10.30$9.5031.6%9.1%42.7%22.5%37.4%2.5%7.5%184.0K-5.3M-30.0K0.0189.10N/AN/A1,1601023,45012,360
2013-04-02$10.25$9.5029.9%8.6%42.7%18.3%30.1%-0.5%9.6%191.3K-5.6M-30.9K0.0593.63N/AN/A5503023,94012,350
2013-04-03$10.14$9.5030.7%8.8%23.1%20.2%30.3%2.0%9.9%192.5K-4.9M-30.8K0.0493.65N/AN/A1,0704024,12012,360
2013-04-04$10.10$9.5030.3%8.7%23.1%19.1%29.6%1.8%10.0%209.8K-5.1M-32.4K0.5094.91N/AN/A402024,92012,370
2013-04-05$10.05$10.0030.7%11.6%23.1%20.1%0.0%2.6%-3.2%209.6K-4.8M-31.9K0.2867.33N/AN/A46013024,92012,370
2013-04-08$10.14$10.0031.7%12.2%22.0%22.6%0.0%4.3%-5.0%226.7K-5.7M-30.9K0.0767.07N/AN/A9006025,12012,450
2013-04-09$10.12$10.0031.1%11.9%21.8%21.0%41.4%2.8%-4.0%239.4K-5.9M-31.7K0.0772.45N/AN/A6,22043025,66012,390
2013-04-10$10.48$10.0030.1%11.7%26.1%18.8%41.2%3.0%-3.8%295.4K-11.8M-46.5K0.5571.14N/AN/A53029031,05012,600
2013-04-11$10.31$10.0041.5%11.9%26.4%46.9%0.0%3.5%-3.7%276.0K-11.0M-46.4K0.4269.17N/AN/A1205031,26012,710
2013-04-12$10.29$10.0041.4%11.9%26.4%46.8%43.1%4.9%-3.9%290.3K-10.3M-46.0K2.9183.25N/AN/A11032031,28012,710
2013-04-15$10.02$10.0043.1%12.4%27.5%50.9%42.6%4.5%-4.7%325.9K-8.3M-43.9K0.4483.02N/AN/A1607031,35012,640
2013-04-16$10.01$10.0042.9%12.3%26.0%50.5%42.8%4.9%-5.0%303.9K-8.5M-43.5K0.0075.48N/AN/A079031,50012,520
2013-04-17$9.82$10.0043.9%12.6%26.4%52.7%44.7%4.2%-5.5%333.8K-6.6M-42.9K4.5076.65N/AN/A20090031,50013,230
2013-04-18$9.74$10.0044.5%12.8%25.9%54.5%41.6%1.8%-4.4%423.1K-5.4M-43.1K0.1579.24N/AN/A2003031,33013,550
2013-04-19$9.58$10.0044.9%12.9%26.2%55.3%43.5%4.3%-6.1%501.0K-3.6M-41.0K0.3176.67N/AN/A87027031,51013,550
2013-04-22$9.62$10.0044.3%12.7%23.1%53.8%44.8%5.1%-4.5%126.8K-3.7M-40.6K0.4079.92N/AN/A4,4301,75018,4206,360
2013-04-23$9.79$9.5043.5%12.5%23.5%52.0%44.8%5.7%-5.5%213.7K-6.2M-46.1K2.6276.57N/AN/A26068021,7507,480
2013-04-24$9.68$9.5047.1%13.5%23.3%60.9%50.2%6.3%-7.3%201.9K-5.6M-45.8K11.0080.21N/AN/A1011021,9107,960
2013-04-25$9.82$9.5046.8%13.4%23.6%60.2%47.7%3.9%-6.8%212.2K-6.3M-46.1K6.6573.12N/AN/A1701,13021,9108,030
2013-04-26$9.77$9.5048.0%13.8%23.6%63.1%48.4%2.3%-7.9%183.6K-5.8M-46.5K0.0475.42N/AN/A2801022,0209,060
2013-04-29$9.93$9.5051.1%14.7%23.3%70.8%51.5%4.1%-10.7%208.2K-6.9M-47.0K0.8266.15N/AN/A2,0401,68022,2909,070
2013-04-30$9.02$9.5038.0%10.9%40.8%38.1%35.5%5.8%-1.0%68.9K604.3K-36.7K1.4074.13N/AN/A3,9105,47023,85010,400