MSTR Options History — October 2014

In October 2014, MSTR traded between $12.86 and $16.10. ATM implied volatility averaged 37.7%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 0.3% (HV 20d: 38.0%). Max pain ranged from $10.50 to $11.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.27.

Notable Days

  • 2014-10-15: Highest Volume — 13,190 contracts
  • 2014-10-13: Largest IV spike — 78.9% change
  • 2014-10-15: Highest IV Rank — 79.7%
  • 2014-10-08: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.67$12.86$16.10$12.86$16.10
Max Pain$10.78$10.50$11.50$10.50$11.00
ATM IV37.7%27.5%50.9%31.8%29.1%
Expected Move10.3%9.3%10.8%10.6%9.3%
HV 20d38.0%29.5%42.8%29.5%38.2%
HV 60d33.7%31.7%36.6%31.7%31.8%
IV Rank36.9%3.5%79.7%17.5%9.0%
IV Percentile63.8%1.6%98.4%57.5%13.5%
Term Structure-3.6%-10.5%10.7%10.1%0.5%
VWIV36.2%31.8%40.0%37.2%33.8%
Skew 25d5.9%1.6%14.5%1.6%4.2%
Skew 10d12.8%-3.1%38.1%1.9%11.9%
Call IV 25d37.5%27.3%43.8%34.0%27.8%
Put IV 25d43.4%31.5%51.1%35.6%32.0%
Bid-Ask Spread %54.0843.9059.9755.7849.77
Gamma HHI0.200.130.330.330.17
Net GEX300.9K60.3K542.8K464.5K517.0K
Net DEX-20.1M-31.3M-5.7M-18.7M-17.2M
Net VEX-20.0K-28.4K-11.7K-17.4K-28.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.001.001.000.33
Total Volume5,081.30410013,1904208,900
Total OI24,8008,88035,38030,43019,890

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$12.86$10.5031.8%10.6%29.5%17.5%37.2%1.6%10.1%464.5K-18.7M-17.4K1.0055.78N/AN/A21021024,7205,710
2014-10-02$13.37$10.5031.7%10.7%32.5%17.2%0.0%7.1%10.7%380.9K-21.9M-15.6K0.4358.12N/AN/A2109024,8105,700
2014-10-03$13.68$10.5032.1%10.4%33.6%18.8%34.6%6.5%5.9%362.2K-23.2M-15.9K0.0058.36N/AN/A310024,9705,770
2014-10-06$13.65$10.5031.6%10.5%31.1%16.9%0.0%4.6%-6.0%246.5K-24.8M-12.2K0.0057.59N/AN/A100025,2805,770
2014-10-07$13.57$10.5031.8%10.7%30.4%17.5%0.0%11.1%-5.8%357.6K-23.5M-13.8K0.0058.25N/AN/A010025,3805,770
2014-10-08$13.70$10.5031.2%10.8%30.6%15.6%37.4%7.2%-5.9%252.8K-25.0M-11.7K0.2556.45N/AN/A7,9702,01025,3805,870
2014-10-09$13.56$10.5032.9%10.7%30.5%21.3%0.0%3.9%-6.9%372.9K-24.1M-15.2K0.0057.81N/AN/A4,000025,7405,870
2014-10-10$14.76$10.5027.5%10.4%42.8%3.5%0.0%14.5%-10.5%213.2K-31.3M-15.7K0.4249.88N/AN/A93039026,7805,870
2014-10-13$14.70$10.5049.1%10.4%42.1%73.9%0.0%6.5%-8.6%280.9K-31.2M-16.3K0.0355.02N/AN/A1,0503027,6306,250
2014-10-14$14.57$10.5047.3%10.3%42.0%67.9%36.0%4.9%-7.5%291.7K-31.3M-18.3K0.2343.90N/AN/A10,2302,33028,3506,280
2014-10-15$14.42$10.5050.9%10.5%42.2%79.7%37.8%5.7%-8.1%277.5K-30.1M-20.0K0.2947.11N/AN/A10,2102,98028,3507,030
2014-10-16$14.49$11.5045.6%10.6%42.2%62.6%40.0%6.7%-8.0%279.0K-29.3M-19.7K0.0055.78N/AN/A150027,8706,990
2014-10-17$14.53$11.0043.4%10.4%41.7%55.4%0.0%5.1%-7.5%60.3K-30.0M-18.6K0.9056.47N/AN/A30027027,9606,990
2014-10-20$14.99$11.0042.1%10.4%41.4%51.1%38.0%6.5%-4.8%106.9K-5.7M-18.6K0.0357.69N/AN/A5,2501806,7302,150
2014-10-21$15.15$11.0045.8%10.5%40.6%63.1%37.4%6.1%-7.6%193.9K-8.9M-24.2K0.2851.97N/AN/A6,7001,8609,6002,310
2014-10-22$14.83$11.0043.4%10.4%41.4%55.4%38.2%3.9%-5.8%204.5K-8.3M-25.1K0.2945.88N/AN/A6,3601,8609,7802,530
2014-10-23$15.40$11.0043.4%10.1%40.4%55.4%35.7%3.5%-6.0%208.7K-9.9M-24.0K0.2847.22N/AN/A6,4701,78010,0702,530
2014-10-24$15.75$11.0044.8%10.2%40.7%59.8%36.4%6.9%-8.5%214.9K-10.9M-24.1K0.3453.22N/AN/A5,3301,82010,3402,560
2014-10-27$15.42$11.0043.0%10.0%41.9%54.1%31.8%5.7%-4.5%231.9K-10.5M-24.8K0.1654.06N/AN/A3,39053010,8302,730
2014-10-28$15.81$11.0030.8%9.5%41.0%14.2%0.0%4.8%0.5%349.4K-13.1M-25.8K0.1459.69N/AN/A4,78067013,4003,200
2014-10-29$16.02$11.0029.7%9.7%39.8%10.9%34.5%4.1%0.1%511.1K-17.0M-26.2K0.3159.97N/AN/A6,7102,11015,7603,310
2014-10-30$16.02$11.0028.8%9.5%38.5%8.0%33.6%4.7%0.6%542.8K-16.8M-28.4K0.2453.95N/AN/A6,5201,57016,2103,380
2014-10-31$16.10$11.0029.1%9.3%38.2%9.0%33.8%4.2%0.5%517.0K-17.2M-28.0K0.3349.77N/AN/A6,6902,21016,3303,560