MSTR Options History — February 2014

In February 2014, MSTR traded between $12.30 and $13.45. ATM implied volatility averaged 29.9%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 9.8% (HV 20d: 39.8%). Max pain ranged from $12.00 to $12.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 1.39.

Notable Days

  • 2014-02-13: Highest Volume — 1,260 contracts
  • 2014-02-11: Largest IV drop — 8.5% change
  • 2014-02-05: Highest IV Rank — 31.1%
  • 2014-02-05: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.80$12.30$13.45$12.34$12.91
Max Pain$12.26$12.00$12.50$12.00$12.50
ATM IV29.9%28.2%31.8%30.9%29.0%
Expected Move8.6%8.1%9.1%8.9%8.3%
HV 20d39.8%27.2%44.0%41.0%29.0%
HV 60d29.1%27.5%30.2%28.6%30.2%
IV Rank25.2%19.6%31.1%28.1%22.3%
IV Percentile36.4%16.3%61.5%49.2%25.0%
Term Structure0.5%-0.8%2.4%2.4%1.3%
VWIV33.7%28.0%48.1%34.5%28.9%
Skew 25d3.9%0.7%8.4%3.3%5.4%
Skew 10d9.3%-8.2%21.2%-8.2%21.2%
Call IV 25d32.1%28.1%36.3%33.5%31.0%
Put IV 25d36.0%33.0%42.4%36.8%36.4%
Bid-Ask Spread %83.9879.9289.7289.2088.61
Gamma HHI0.160.130.220.130.14
Net GEX420.4K307.4K650.7K332.8K307.4K
Net DEX-14.9M-18.8M-11.9M-12.0M-14.9M
Net VEX-32.4K-39.0K-25.6K-39.0K-27.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.0010.502.900.80
Total Volume384.737101,26039090
Total OI29,348.42125,27031,47029,83026,090

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$12.34$12.0030.9%8.9%41.0%28.1%34.5%3.3%2.4%332.8K-12.0M-39.0K2.9089.20N/AN/A10029021,4408,390
2014-02-04$12.41$12.0031.0%8.9%40.6%28.5%48.1%4.7%-0.3%341.3K-12.2M-38.1K0.0086.90N/AN/A220021,5408,640
2014-02-05$12.38$12.0031.8%9.1%40.4%31.1%38.9%2.3%0.2%348.7K-12.4M-37.7K4.3885.65N/AN/A8035021,7608,640
2014-02-06$12.37$12.0030.5%8.8%40.4%27.0%38.8%4.9%0.7%344.9K-12.2M-37.3K0.9089.72N/AN/A30027021,8308,390
2014-02-07$12.40$12.5029.8%8.7%40.2%24.7%37.1%2.1%0.3%357.4K-12.6M-36.3K0.2083.01N/AN/A3006022,1308,550
2014-02-10$12.31$12.5031.1%8.7%40.0%28.9%0.0%1.9%-0.0%331.2K-11.9M-35.2K1.0081.93N/AN/A101022,1108,530
2014-02-11$12.33$12.5028.5%8.7%39.5%20.6%0.0%1.8%0.1%344.3K-12.1M-34.0K0.0081.44N/AN/A300022,1208,540
2014-02-12$12.30$12.5029.8%8.6%38.9%24.8%33.8%0.7%0.1%335.3K-11.9M-33.6K0.8683.32N/AN/A14012022,1208,540
2014-02-13$13.02$12.5029.8%8.5%43.9%24.6%30.9%3.6%0.2%536.2K-16.9M-32.9K0.3880.12N/AN/A91035022,2208,640
2014-02-14$13.02$12.0029.3%8.4%43.7%23.0%29.8%8.4%-0.1%577.4K-17.2M-33.2K0.0082.83N/AN/A90022,7408,700
2014-02-18$13.12$12.0030.3%8.7%43.7%26.2%31.0%6.2%-0.8%619.3K-17.8M-31.2K0.6579.92N/AN/A46030022,7108,700
2014-02-19$12.95$12.0029.9%8.6%44.0%24.9%0.0%1.7%1.1%636.7K-16.9M-30.2K0.3381.11N/AN/A301022,7708,700
2014-02-20$13.16$12.0029.7%8.5%43.9%24.4%34.8%4.2%0.6%650.7K-18.1M-29.8K0.5681.49N/AN/A18010022,2308,290
2014-02-21$13.21$12.0030.6%8.8%43.8%27.1%31.0%3.9%-0.7%638.3K-18.8M-27.6K1.0280.68N/AN/A61062022,3108,390
2014-02-24$13.20$12.5029.5%8.5%42.7%23.9%34.3%5.5%1.1%325.0K-16.2M-28.1K10.5084.13N/AN/A2021019,2506,020
2014-02-25$13.07$12.5029.8%8.6%41.7%24.8%30.3%3.4%0.6%314.5K-15.1M-31.1K0.0083.97N/AN/A01019,2506,220
2014-02-26$13.21$12.5029.5%8.5%31.1%23.9%28.0%7.2%0.6%325.0K-15.8M-28.0K0.0083.52N/AN/A200019,2506,230
2014-02-27$13.45$12.5028.2%8.1%27.2%19.6%28.8%3.2%1.3%321.4K-17.6M-25.6K0.6388.00N/AN/A35022019,4106,230
2014-02-28$12.91$12.5029.0%8.3%29.0%22.3%28.9%5.4%1.3%307.4K-14.9M-27.4K0.8088.61N/AN/A504019,6406,450