MSTR Options History — May 2017

In May 2017, MSTR traded between $18.03 and $19.17. ATM implied volatility averaged 23.3%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 7.9% (HV 20d: 15.4%). Max pain ranged from $18.50 to $19.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 3.62.

Notable Days

  • 2017-05-12: Highest Volume — 7,690 contracts
  • 2017-05-30: Largest IV spike — 16.3% change
  • 2017-05-18: Highest IV Rank — 17.8%
  • 2017-05-18: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.57$18.03$19.17$19.05$18.23
Max Pain$18.73$18.50$19.00$19.00$18.50
ATM IV23.3%21.6%25.7%22.3%25.6%
Expected Move6.6%6.1%7.4%6.4%7.3%
HV 20d15.4%13.9%17.3%13.9%15.2%
HV 60d15.2%14.5%17.0%17.0%15.3%
IV Rank9.6%3.9%17.8%6.4%17.5%
IV Percentile14.2%2.4%35.3%5.6%35.3%
Term Structure-0.2%-2.3%1.3%-0.1%-1.7%
VWIV25.7%22.5%27.6%25.9%25.2%
Skew 25d3.0%1.2%4.3%1.9%1.2%
Skew 10d5.7%-6.3%11.5%2.2%0.8%
Call IV 25d22.8%21.0%25.2%23.8%24.9%
Put IV 25d25.8%24.0%28.4%25.6%26.1%
Bid-Ask Spread %82.6973.7293.1688.8393.16
Gamma HHI0.250.170.340.270.27
Net GEX-145.7K-311.1K-3.5K-84.2K-24.6K
Net DEX1.4M432.6K3.1M669.0K638.5K
Net VEX-16.4K-18.4K-12.2K-12.2K-17.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.621.294.822.691.29
Total Volume6,903.6365,2007,6905,2005,590
Total OI10,366.8187,11011,6307,11011,550

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-05-01$19.05$19.0022.3%6.4%13.9%6.4%25.9%1.9%-0.1%-84.2K669.0K-12.2K2.6988.83N/AN/A1,4103,7902,4004,710
2017-05-02$18.76$19.0022.5%6.5%15.0%7.1%26.4%3.4%-0.3%-96.3K931.2K-12.6K4.4589.03N/AN/A1,1705,2102,6504,690
2017-05-03$18.70$19.0023.4%6.7%14.7%10.1%25.7%3.6%-0.1%-116.9K1.2M-15.8K4.2587.28N/AN/A1,3205,6102,7906,190
2017-05-04$18.91$19.0022.0%6.3%15.2%5.2%25.4%3.1%0.3%-127.7K1.1M-17.0K3.6977.51N/AN/A1,5005,5303,2106,680
2017-05-05$18.96$19.0022.7%6.1%15.1%7.7%25.5%3.2%-0.0%-129.0K1.0M-17.2K4.5079.04N/AN/A1,2305,5303,3906,660
2017-05-08$19.17$19.0023.3%6.5%14.9%9.6%26.8%3.5%-1.0%-94.7K676.5K-16.7K4.3280.05N/AN/A1,2805,5303,5506,670
2017-05-09$18.73$19.0024.4%6.6%17.3%13.6%26.3%3.5%0.5%-150.4K1.3M-16.6K4.6679.85N/AN/A1,1905,5403,6106,670
2017-05-10$18.76$19.0022.4%6.4%16.7%6.6%26.7%3.8%0.0%-192.9K1.7M-17.5K4.7173.96N/AN/A1,1905,6103,6206,910
2017-05-11$18.67$19.0023.0%6.6%16.7%8.8%25.7%3.3%0.1%-209.8K1.7M-16.7K4.8277.73N/AN/A1,1905,7303,6207,010
2017-05-12$18.56$19.0022.5%6.4%16.7%6.9%24.6%3.5%0.4%-237.9K2.1M-16.7K3.8473.72N/AN/A1,5906,1003,6207,100
2017-05-15$18.67$18.5022.9%6.6%16.1%8.4%25.2%3.6%0.1%-224.5K1.7M-17.6K3.8180.84N/AN/A1,5906,0604,0207,460
2017-05-16$18.71$18.5023.2%6.6%14.4%9.3%25.8%4.3%-0.5%-221.6K1.4M-16.7K3.8176.72N/AN/A1,5906,0604,0207,460
2017-05-17$18.43$18.5023.4%6.7%15.3%10.2%25.4%3.3%0.2%-286.5K2.5M-16.8K3.5279.44N/AN/A1,5905,6004,0207,460
2017-05-18$18.42$18.5025.7%7.4%15.0%17.8%27.6%3.8%-1.4%-311.1K2.5M-17.2K4.3483.07N/AN/A1,2905,6004,0207,460
2017-05-19$18.40$18.5025.2%7.2%14.9%16.0%27.3%2.9%-1.7%-157.8K3.1M-16.5K4.4583.55N/AN/A1,2905,7404,1707,460
2017-05-22$18.54$18.5021.8%6.3%14.4%4.7%25.4%2.8%0.3%-152.2K1.3M-15.1K4.4679.68N/AN/A1,1905,3103,1705,900
2017-05-23$18.20$18.5022.9%6.6%15.7%8.4%25.0%3.0%0.4%-133.7K1.5M-15.9K3.0884.29N/AN/A1,6104,9603,8505,910
2017-05-24$18.22$18.5022.6%6.5%15.0%7.4%24.9%1.7%0.6%-96.9K1.2M-16.9K2.7484.98N/AN/A1,8605,0904,5305,910
2017-05-25$18.20$18.5023.4%6.7%15.0%10.0%24.9%2.4%0.1%-107.9K1.3M-17.0K2.0987.44N/AN/A2,4405,0904,7906,060
2017-05-26$18.03$18.5021.6%6.2%15.0%3.9%22.5%1.5%1.3%-45.9K1.0M-18.4K2.0988.84N/AN/A2,4405,0905,4906,060
2017-05-30$18.27$18.5025.1%7.2%16.0%15.7%27.0%2.4%-2.3%-3.5K432.6K-17.7K2.0990.09N/AN/A2,4405,1105,4906,060
2017-05-31$18.23$18.5025.6%7.3%15.2%17.5%25.2%1.2%-1.7%-24.6K638.5K-17.3K1.2993.16N/AN/A2,4403,1505,4906,060