MSTR Options History — April 2014

In April 2014, MSTR traded between $10.05 and $12.68. ATM implied volatility averaged 42.8%, placing in the 64.5% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 0.4% (HV 20d: 42.5%). Max pain ranged from $9.50 to $11.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2014-04-29: Highest Volume — 27,870 contracts
  • 2014-04-10: Largest IV spike — 41.4% change
  • 2014-04-25: Highest IV Rank — 100.0%
  • 2014-04-25: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.04$10.05$12.68$11.63$12.14
Max Pain$10.33$9.50$11.50$9.50$10.50
ATM IV42.8%31.4%57.1%32.4%38.4%
Expected Move12.9%9.0%16.4%9.3%11.0%
HV 20d42.5%24.4%77.3%28.0%77.3%
HV 60d38.6%32.7%49.7%32.8%49.7%
IV Rank64.5%29.9%100.0%33.0%46.7%
IV Percentile86.2%59.9%100.0%66.7%81.3%
Term Structure-5.0%-13.1%12.9%9.7%-3.4%
VWIV46.8%31.9%59.3%34.1%39.1%
Skew 25d4.6%0.4%10.1%2.7%2.7%
Skew 10d12.3%-11.9%26.6%13.5%21.7%
Call IV 25d45.1%31.1%57.9%33.3%37.7%
Put IV 25d49.7%33.9%58.3%36.0%40.5%
Bid-Ask Spread %80.7164.1895.4793.7179.27
Gamma HHI0.300.190.420.290.28
Net GEX686.4K408.9K1.1M784.4K1.1M
Net DEX-20.9M-45.2M-8.9M-23.5M-45.2M
Net VEX-87.9K-123.1K-75.3K-87.2K-123.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.004.000.480.52
Total Volume4,360.47615027,8701,1701,340
Total OI51,761.90537,02066,47047,71066,470

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$11.63$9.5032.4%9.3%28.0%33.0%34.1%2.7%9.7%784.4K-23.5M-87.2K0.4893.71N/AN/A79038041,2006,510
2014-04-02$11.67$9.5031.9%9.2%28.0%31.4%32.2%2.3%11.3%764.6K-24.0M-85.7K3.7595.47N/AN/A4015041,2906,870
2014-04-03$11.49$9.5031.4%9.0%24.4%29.9%31.9%4.5%12.9%798.4K-21.8M-85.6K1.0095.23N/AN/A909041,3307,020
2014-04-04$11.17$11.5034.0%13.3%25.6%38.0%47.1%1.8%-8.1%803.1K-19.2M-83.5K0.0080.78N/AN/A2,070041,3706,990
2014-04-07$10.88$10.5034.2%12.9%26.2%38.7%0.0%6.6%-7.6%824.4K-15.9M-80.7K1.0976.98N/AN/A11012043,4206,990
2014-04-08$10.46$10.5036.4%13.3%28.3%45.5%47.4%1.8%-7.3%663.9K-11.9M-75.8K4.0074.97N/AN/A3012043,5106,970
2014-04-09$10.84$10.5033.2%12.7%32.5%35.5%59.3%10.1%-6.8%837.6K-14.8M-78.6K2.6274.90N/AN/A6001,57043,5307,040
2014-04-10$10.40$10.5047.0%13.5%34.1%78.8%51.7%4.0%-7.6%596.9K-10.9M-75.3K0.1278.57N/AN/A5,18064043,7908,510
2014-04-11$10.05$10.5048.1%13.8%34.6%82.3%47.1%1.9%-6.2%489.5K-8.9M-78.0K0.0280.96N/AN/A3,0505046,7309,100
2014-04-14$10.11$10.5049.2%14.1%34.2%85.9%48.9%6.7%-9.7%502.2K-10.7M-81.4K0.2482.23N/AN/A2506049,6609,130
2014-04-15$10.21$10.5049.9%14.3%33.5%88.0%0.0%9.5%-9.1%506.4K-12.5M-84.3K0.0481.30N/AN/A2601049,9108,600
2014-04-16$10.28$10.5047.5%13.6%34.1%80.4%47.9%9.3%-9.3%408.9K-12.4M-78.8K0.4882.14N/AN/A1,05050047,8908,580
2014-04-17$10.45$10.5047.1%13.5%35.4%79.1%59.1%10.0%-8.9%512.1K-14.1M-82.7K0.0280.64N/AN/A5001048,8708,470
2014-04-21$10.20$10.5049.8%14.3%35.8%87.6%48.2%4.7%-6.6%428.9K-11.4M-80.1K0.0183.39N/AN/A2,2903032,8704,150
2014-04-22$10.82$10.0049.0%14.1%40.6%85.3%50.6%5.8%-9.4%529.9K-16.8M-87.2K0.0179.91N/AN/A7,0905034,8904,180
2014-04-23$10.72$10.0050.7%14.5%40.3%90.6%51.8%2.2%-8.2%682.4K-19.5M-91.4K0.0280.67N/AN/A2,2904040,1704,200
2014-04-24$12.68$10.0052.5%15.1%72.9%96.4%50.7%3.8%-9.3%601.9K-38.7M-89.0K0.3075.27N/AN/A8,3302,48042,2604,240
2014-04-25$12.08$10.5057.1%16.4%75.1%100.0%57.2%0.4%-13.1%712.1K-35.3M-100.1K0.4774.34N/AN/A95045046,4406,180
2014-04-28$12.00$10.5040.1%11.5%75.2%51.5%40.1%4.4%-4.2%767.4K-34.3M-96.0K0.0980.02N/AN/A18,9301,71046,9706,570
2014-04-29$11.64$10.5039.4%11.3%75.9%49.5%44.3%2.3%-3.9%1.1M-37.3M-120.4K0.0164.18N/AN/A27,47040057,5106,620
2014-04-30$12.14$10.5038.4%11.0%77.3%46.7%39.1%2.7%-3.4%1.1M-45.2M-123.1K0.5279.27N/AN/A88046059,4906,980