MSTR Options History — October 2015

In October 2015, MSTR traded between $16.69 and $20.64. ATM implied volatility averaged 39.3%, placing in the 55.7% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 1.0% (HV 20d: 38.3%). Max pain ranged from $16.50 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2015-10-23: Highest Volume — 21,770 contracts
  • 2015-10-12: Largest IV spike — 61.1% change
  • 2015-10-26: Highest IV Rank — 100.0%
  • 2015-10-26: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.37$16.69$20.64$19.55$17.19
Max Pain$17.09$16.50$17.50$16.50$17.50
ATM IV39.3%24.7%61.6%39.4%33.1%
Expected Move11.6%9.0%17.7%11.3%9.5%
HV 20d38.3%27.4%72.4%28.8%72.0%
HV 60d38.7%30.8%47.2%37.6%47.2%
IV Rank55.7%0.6%100.0%56.5%23.1%
IV Percentile77.0%0.4%100.0%80.2%64.7%
Term Structure-4.4%-18.4%5.6%5.6%0.3%
VWIV42.3%34.4%60.7%37.5%36.5%
Skew 25d5.4%-0.9%14.8%4.5%5.3%
Skew 10d9.0%-2.3%18.2%4.5%9.9%
Call IV 25d39.5%26.6%58.7%44.5%36.7%
Put IV 25d44.9%36.4%60.3%49.0%42.0%
Bid-Ask Spread %69.4228.1594.1191.8684.06
Gamma HHI0.150.110.360.140.16
Net GEX266.9K102.8K749.8K159.0K552.2K
Net DEX-9.4M-17.8M2.2M-9.7M-1.6M
Net VEX-33.1K-79.6K-22.0K-26.9K-78.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.191.250.300.33
Total Volume12,464.54518021,7709,92015,360
Total OI21,365.9099,76050,18015,30050,180

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$19.55$16.5039.4%11.3%28.8%56.5%37.5%4.5%5.6%159.0K-9.7M-26.9K0.3091.86N/AN/A7,6502,27010,0705,230
2015-10-02$19.86$16.5037.4%10.7%29.1%48.8%37.7%4.4%3.7%163.0K-10.9M-26.6K0.3094.11N/AN/A7,5702,28010,2705,330
2015-10-05$20.10$17.0038.0%11.6%28.9%51.0%0.0%8.0%-5.2%138.5K-11.8M-23.7K1.2566.83N/AN/A8010010,2705,270
2015-10-06$19.75$17.0036.5%11.6%28.0%45.4%41.9%5.9%-5.6%146.6K-10.7M-24.9K0.3364.51N/AN/A7,6302,49010,4305,470
2015-10-07$19.88$17.0037.6%11.5%27.4%49.5%43.0%5.2%-4.8%138.4K-11.1M-24.2K0.3567.04N/AN/A7,6402,64010,4105,600
2015-10-08$19.91$17.0037.5%11.4%27.4%49.1%43.5%7.0%-2.3%102.8K-11.5M-23.1K0.2563.95N/AN/A10,9202,73010,4305,780
2015-10-09$20.64$17.0024.7%11.1%30.2%0.6%39.9%10.4%-4.7%141.3K-14.7M-23.5K0.2670.14N/AN/A10,6902,73011,1206,020
2015-10-12$20.57$17.0039.8%11.3%30.2%58.0%44.9%5.1%-5.9%183.8K-15.1M-25.3K0.2570.84N/AN/A11,0702,73011,7006,020
2015-10-13$19.87$17.0039.4%11.7%30.0%56.4%44.1%4.7%-6.3%132.1K-13.0M-25.1K0.2468.74N/AN/A11,2302,65011,7106,020
2015-10-14$19.66$17.0041.0%11.7%29.8%62.3%45.7%3.4%-6.1%149.5K-12.4M-25.0K0.2468.10N/AN/A11,2302,66011,9206,010
2015-10-15$19.99$17.0039.6%11.4%30.6%57.2%41.9%4.7%-5.3%140.5K-13.2M-23.4K0.2470.38N/AN/A11,2302,66011,8105,970
2015-10-16$20.29$17.0039.7%11.4%30.9%67.6%39.2%6.0%-6.4%220.2K-15.5M-22.5K0.2567.20N/AN/A10,7102,66011,8105,970
2015-10-19$20.40$17.0042.1%12.1%30.8%78.2%39.1%5.3%-4.6%217.3K-8.8M-22.0K0.4069.44N/AN/A5,0402,0307,3202,440
2015-10-20$19.61$17.0043.2%12.4%33.5%83.2%46.2%5.4%-5.7%283.6K-8.1M-24.6K0.5263.32N/AN/A5,1102,6808,2202,540
2015-10-21$19.00$17.0042.6%12.2%34.5%80.7%44.9%4.6%-6.5%242.3K-6.1M-27.5K0.7569.40N/AN/A4,7103,5508,4403,980
2015-10-22$19.49$17.0041.7%12.0%35.6%76.6%47.0%5.9%-5.1%248.0K-7.2M-27.6K0.8769.09N/AN/A4,4203,8408,6704,160
2015-10-23$18.81$17.5046.7%13.4%37.4%98.7%46.7%3.5%-10.1%222.5K-5.7M-28.8K0.2959.00N/AN/A16,8304,9408,8304,460
2015-10-26$19.55$17.5061.6%17.7%36.4%100.0%60.7%1.6%-18.4%749.8K-17.8M-57.7K0.1956.62N/AN/A18,2803,39020,9805,720
2015-10-27$16.69$17.5039.3%11.3%66.9%39.7%37.9%-0.9%-2.1%434.8K2.2M-40.1K0.9928.15N/AN/A7,3507,29032,6407,530
2015-10-28$17.88$17.5031.5%9.0%72.1%18.8%36.2%14.8%0.5%458.2K514.5K-48.4K0.4688.02N/AN/A12,2805,62032,59010,990
2015-10-29$17.43$17.5033.0%9.4%72.4%22.7%34.4%4.4%-1.5%646.5K-3.5M-79.6K0.3276.37N/AN/A11,5803,67038,10011,620
2015-10-30$17.19$17.5033.1%9.5%72.0%23.1%36.5%5.3%0.3%552.2K-1.6M-78.4K0.3384.06N/AN/A11,5903,77038,14012,040