MSTR Options History — January 2015

In January 2015, MSTR traded between $15.37 and $16.83. ATM implied volatility averaged 37.1%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 5.8% (HV 20d: 31.3%). Max pain ranged from $14.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.07.

Notable Days

  • 2015-01-12: Highest Volume — 12,470 contracts
  • 2015-01-12: Largest IV spike — 20.1% change
  • 2015-01-22: Highest IV Rank — 58.2%
  • 2015-01-22: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.05$15.37$16.83$16.29$16.12
Max Pain$14.68$14.50$15.00$14.50$15.00
ATM IV37.1%28.9%44.2%30.9%33.0%
Expected Move11.5%9.1%12.7%10.9%9.5%
HV 20d31.3%25.9%35.6%33.5%31.1%
HV 60d31.1%29.7%34.6%34.0%31.0%
IV Rank35.3%8.8%58.2%15.4%22.2%
IV Percentile71.7%11.5%86.9%50.4%65.9%
Term Structure-2.4%-6.7%8.5%8.5%0.9%
VWIV41.9%32.6%46.8%44.7%34.9%
Skew 25d5.4%3.1%8.0%3.5%3.8%
Skew 10d7.2%-10.6%18.2%6.8%8.9%
Call IV 25d38.4%29.2%42.6%31.2%32.2%
Put IV 25d43.7%34.4%48.1%34.7%36.0%
Bid-Ask Spread %64.5447.9582.8753.8182.87
Gamma HHI0.350.240.500.370.50
Net GEX667.2K540.3K819.8K624.4K587.2K
Net DEX-15.5M-20.1M-10.1M-20.1M-12.9M
Net VEX-49.5K-52.6K-46.0K-49.5K-51.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.006.500.541.52
Total Volume5,909.51012,4706,1805,200
Total OI25,38519,85027,79026,09027,780

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-01-02$16.29$14.5030.9%10.9%33.5%15.4%44.7%3.5%8.5%624.4K-20.1M-49.5K0.5453.81N/AN/A4,0102,17022,4903,600
2015-01-05$16.30$14.5033.4%11.9%33.5%23.5%0.0%6.3%-4.1%594.0K-20.0M-47.8K0.0054.95N/AN/A01022,3603,600
2015-01-06$15.80$14.5035.1%12.5%35.0%28.7%46.8%3.7%-4.7%580.2K-17.3M-46.0K0.0354.78N/AN/A4,02014022,3603,600
2015-01-07$15.80$15.0037.5%11.8%34.9%36.8%40.6%5.9%-4.2%678.9K-16.2M-49.0K0.0062.65N/AN/A2,520022,3703,640
2015-01-08$16.19$15.0032.3%12.0%35.6%19.7%42.8%5.9%-5.2%737.1K-19.3M-52.6K0.2547.95N/AN/A8,8902,18023,1403,640
2015-01-09$16.00$15.0028.9%11.6%34.6%8.8%44.3%3.1%-2.3%787.4K-18.3M-50.6K0.2259.46N/AN/A10,0602,21023,7703,650
2015-01-12$15.88$14.5034.7%12.0%34.5%27.5%44.1%5.5%-4.2%808.6K-16.7M-51.7K0.2459.37N/AN/A10,0802,39023,9003,650
2015-01-13$15.74$14.5040.1%12.5%29.4%45.1%45.7%6.4%-6.7%819.8K-15.7M-49.9K0.2658.66N/AN/A9,4702,50023,9203,790
2015-01-14$15.90$14.5042.4%12.1%29.5%52.3%44.4%6.7%-3.7%818.0K-16.6M-50.5K0.2660.01N/AN/A9,4702,50023,9103,880
2015-01-15$15.37$14.5042.9%12.3%31.0%54.1%43.0%6.2%-3.4%803.8K-13.7M-47.4K0.3264.79N/AN/A8,0902,56023,6303,810
2015-01-16$15.79$14.5041.8%12.0%30.1%50.4%42.6%6.6%-2.8%788.1K-15.8M-47.7K0.0669.37N/AN/A8905023,7003,860
2015-01-20$16.00$14.5042.3%12.1%26.1%52.1%42.4%4.2%-2.3%592.5K-12.8M-47.9K6.5071.83N/AN/A4026017,7702,080
2015-01-21$15.89$14.5043.2%12.4%25.9%55.0%44.8%5.0%-4.3%578.6K-12.2M-48.1K1.4574.95N/AN/A11016017,7702,320
2015-01-22$16.31$14.5044.2%12.7%27.7%58.2%46.4%7.8%-6.0%599.2K-14.3M-49.4K1.3363.47N/AN/A1,6702,22017,8402,430
2015-01-23$16.54$14.5041.2%11.8%28.1%48.5%45.5%8.0%-1.4%617.8K-15.7M-49.2K1.0964.47N/AN/A2,1302,32018,2002,460
2015-01-26$16.83$14.5040.8%11.7%28.7%47.4%45.2%5.8%-2.4%642.2K-17.3M-48.8K2.1356.92N/AN/A2,4905,30018,5702,560
2015-01-27$16.14$15.0033.1%9.5%32.4%22.5%32.7%3.4%-0.7%557.4K-12.5M-52.0K0.7473.63N/AN/A1,33098020,2406,830
2015-01-28$15.95$15.0032.2%9.2%32.1%19.5%32.6%5.8%-0.1%540.3K-10.1M-49.5K1.7677.11N/AN/A1,7403,06020,2506,980
2015-01-29$16.14$15.0031.8%9.1%31.9%18.3%32.9%3.5%0.8%588.3K-12.6M-50.7K1.6279.68N/AN/A1,9003,07020,4506,900
2015-01-30$16.12$15.0033.0%9.5%31.1%22.2%34.9%3.8%0.9%587.2K-12.9M-51.2K1.5282.87N/AN/A2,0603,14020,8306,950