MSTR Options History — April 2016

In April 2016, MSTR traded between $17.88 and $19.13. ATM implied volatility averaged 38.9%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 14.1% (HV 20d: 24.8%). Max pain ranged from $16.00 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.39.

Notable Days

  • 2016-04-01: Highest Volume — 20,640 contracts
  • 2016-04-28: Largest IV drop — 35.4% change
  • 2016-04-25: Highest IV Rank — 70.1%
  • 2016-04-25: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.51$17.88$19.13$18.23$17.99
Max Pain$18.33$16.00$19.00$16.00$19.00
ATM IV38.9%27.5%50.5%28.3%31.1%
Expected Move12.4%8.1%14.5%8.1%8.9%
HV 20d24.8%19.2%27.3%26.3%27.3%
HV 60d43.9%32.4%51.4%51.4%33.6%
IV Rank38.8%8.0%70.1%10.0%17.7%
IV Percentile63.4%12.7%94.8%17.1%38.1%
Term Structure-6.6%-12.0%13.3%13.3%-0.1%
VWIV48.3%29.2%65.5%29.2%32.0%
Skew 25d4.9%2.8%7.8%4.7%7.8%
Skew 10d14.0%-5.7%34.5%9.7%9.9%
Call IV 25d41.6%25.4%49.2%25.4%29.9%
Put IV 25d46.6%30.1%54.9%30.1%37.7%
Bid-Ask Spread %54.4444.0992.4392.4377.68
Gamma HHI0.420.180.820.500.41
Net GEX1.5M366.9K3.7M2.0M999.7K
Net DEX-27.2M-50.6M-14.0M-33.6M-16.1M
Net VEX-55.2K-87.0K-43.3K-57.1K-87.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.230.630.260.53
Total Volume14,457.61911,05020,64020,64015,360
Total OI35,474.28619,72047,25040,49040,020

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-04-01$18.23$16.0028.3%8.1%26.3%10.0%29.2%4.7%13.3%2.0M-33.6M-57.1K0.2692.43N/AN/A16,3204,32031,2409,250
2016-04-04$18.46$18.0027.8%12.3%25.9%8.7%55.2%7.0%-7.2%2.2M-36.8M-54.1K0.3150.92N/AN/A14,6704,54031,3009,350
2016-04-05$18.27$18.0030.7%12.6%26.3%16.5%54.7%3.7%-7.7%2.0M-35.4M-54.1K0.2344.93N/AN/A14,6703,38031,7309,850
2016-04-06$18.20$18.0030.1%12.6%26.3%14.9%49.7%4.7%-7.6%2.1M-33.3M-52.6K0.2544.09N/AN/A14,6403,61031,73010,590
2016-04-07$17.92$18.5029.3%12.5%27.2%12.9%51.1%3.3%-7.1%1.9M-27.9M-51.6K0.2549.52N/AN/A14,6303,62031,73011,370
2016-04-08$17.88$18.5027.5%12.6%27.1%8.0%51.6%3.9%-8.4%2.0M-27.4M-50.2K0.2547.76N/AN/A14,6303,64031,73011,410
2016-04-11$18.08$18.5033.3%12.7%26.3%23.7%49.0%5.4%-7.7%2.2M-30.9M-45.9K0.4846.82N/AN/A9,2804,48031,73011,410
2016-04-12$18.24$18.5034.4%12.7%26.2%26.5%48.7%5.3%-8.9%3.1M-31.4M-51.3K0.5551.65N/AN/A7,3804,04032,73012,860
2016-04-13$18.70$18.5044.6%12.8%25.5%54.1%50.1%7.3%-9.0%3.4M-43.2M-46.9K0.5450.13N/AN/A7,6304,11032,77012,880
2016-04-14$18.71$18.5044.6%12.8%25.5%54.1%48.7%4.9%-10.1%3.7M-45.9M-43.3K0.4853.25N/AN/A8,6904,14032,96012,990
2016-04-15$18.63$18.5043.7%12.5%25.5%51.8%44.5%2.8%-9.5%366.9K-50.6M-43.8K0.4650.26N/AN/A9,0104,14034,03013,220
2016-04-18$18.84$18.5045.0%12.9%23.6%55.2%47.4%4.9%-7.2%392.2K-14.0M-44.2K0.3647.15N/AN/A8,1902,94012,3507,370
2016-04-19$18.93$18.5044.9%12.9%23.5%54.8%46.8%3.7%-6.7%441.4K-15.4M-46.8K0.3347.92N/AN/A9,1102,97013,5807,400
2016-04-20$18.85$18.5046.1%13.2%23.4%58.2%48.1%3.2%-8.0%525.5K-16.9M-53.8K0.3658.63N/AN/A8,1402,91015,4007,440
2016-04-21$18.85$18.5046.1%13.2%19.2%58.3%48.1%3.3%-7.3%570.1K-17.8M-56.7K0.3657.22N/AN/A8,1302,93016,3107,480
2016-04-22$19.13$18.5046.3%13.3%19.3%58.8%52.1%5.1%-7.4%590.1K-18.6M-57.1K0.3658.38N/AN/A8,1202,93016,3507,510
2016-04-25$18.49$18.5050.5%14.5%23.6%70.1%54.5%3.8%-9.9%604.9K-17.0M-59.4K0.3446.15N/AN/A8,3102,82017,2407,510
2016-04-26$18.99$18.5049.9%14.3%23.1%68.6%65.5%5.0%-12.0%642.5K-19.4M-59.3K0.5656.38N/AN/A8,2304,57017,5507,580
2016-04-27$19.06$18.5050.3%14.4%22.3%69.5%54.6%7.2%-11.0%663.6K-20.7M-61.9K0.2758.92N/AN/A13,7003,65018,46010,460
2016-04-28$18.30$18.5032.5%9.3%27.0%21.4%32.6%7.0%-0.1%1.1M-18.1M-81.0K0.6353.01N/AN/A9,2405,79023,81012,280
2016-04-29$17.99$19.0031.1%8.9%27.3%17.7%32.0%7.8%-0.1%999.7K-16.1M-87.0K0.5377.68N/AN/A10,0405,32025,89014,130