MSTR Options History — January 2018

In January 2018, MSTR traded between $13.15 and $14.10. ATM implied volatility averaged 35.0%, placing in the 49.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 20.9% (HV 20d: 14.1%). Max pain ranged from $13.50 to $15.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2018-01-26: Highest Volume — 9,510 contracts
  • 2018-01-10: Largest IV spike — 71.7% change
  • 2018-01-25: Highest IV Rank — 100.0%
  • 2018-01-25: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.74$13.15$14.10$13.15$13.80
Max Pain$14.24$13.50$15.00$13.50$14.00
ATM IV35.0%22.0%52.5%26.4%28.6%
Expected Move10.9%6.7%15.1%7.6%8.2%
HV 20d14.1%12.8%17.0%14.8%13.4%
HV 60d16.0%13.8%16.9%15.9%13.8%
IV Rank49.4%7.1%100.0%21.7%26.9%
IV Percentile71.9%5.6%100.0%70.6%77.4%
Term Structure-5.8%-14.9%13.6%11.8%-1.7%
VWIV39.9%23.3%50.9%23.3%41.4%
Skew 25d3.2%-6.7%13.8%3.8%4.5%
Skew 10d3.7%-12.8%17.3%4.4%5.0%
Call IV 25d37.4%23.6%49.3%23.6%27.5%
Put IV 25d40.6%26.2%52.5%27.4%32.0%
Bid-Ask Spread %65.1439.1998.0876.5894.44
Gamma HHI0.230.080.430.230.17
Net GEX117.0K-45.5K274.4K38.3K-39.3K
Net DEX-2.3M-7.0M620.3K588.4K620.3K
Net VEX-13.6K-18.2K-10.0K-18.2K-16.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.431.310.580.94
Total Volume7,327.1433,2609,5108,9707,280
Total OI31,881.4295,99046,19045,96013,460

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$13.15$13.5026.4%7.6%14.8%21.7%23.3%3.8%11.8%38.3K588.4K-18.2K0.5876.58N/AN/A5,6703,30014,68031,280
2018-01-03$13.25$13.5023.3%6.7%15.1%11.4%28.4%-6.7%13.6%104.7K-42.5K-17.7K0.6098.08N/AN/A5,4803,31014,70030,510
2018-01-04$13.50$15.0022.0%10.9%16.6%7.1%37.6%2.2%-7.3%203.2K-1.9M-16.5K0.8248.77N/AN/A4,0303,32014,70030,470
2018-01-05$13.50$15.0022.5%10.5%16.6%8.8%37.6%4.6%-6.6%194.8K-1.8M-16.3K0.8039.19N/AN/A4,1203,29014,89030,500
2018-01-08$13.65$14.5023.0%11.3%17.0%10.6%39.6%1.9%-7.4%253.6K-3.1M-15.4K0.8042.91N/AN/A4,1603,32014,99030,510
2018-01-09$13.61$14.5023.2%11.6%15.6%11.0%40.3%1.6%-10.1%237.9K-2.7M-14.6K0.8145.33N/AN/A4,1703,36014,98030,570
2018-01-10$13.67$14.5039.7%11.4%13.2%66.0%39.4%0.9%-8.3%259.4K-3.2M-13.9K0.8150.64N/AN/A4,1903,41014,99030,630
2018-01-11$13.85$14.5040.5%11.6%13.1%68.3%40.3%2.6%-10.2%274.4K-4.6M-12.8K0.8655.53N/AN/A4,1303,54015,02030,550
2018-01-12$13.95$14.5040.4%11.6%13.1%68.0%41.9%1.6%-9.2%274.0K-5.3M-11.7K0.8354.60N/AN/A4,2703,54015,05030,440
2018-01-16$13.85$14.5041.6%11.9%12.9%72.0%40.4%4.7%-10.5%255.5K-5.0M-10.6K0.7360.96N/AN/A4,8203,54014,95030,440
2018-01-17$13.94$14.5041.6%11.9%12.9%72.0%42.5%2.4%-7.7%230.8K-5.5M-11.1K0.7163.81N/AN/A5,0603,60015,34030,450
2018-01-18$13.89$14.5042.5%12.2%12.8%75.0%44.7%4.1%-10.6%7.8K-6.9M-10.0K0.7462.33N/AN/A4,7803,53015,61030,550
2018-01-19$14.10$14.0046.2%13.2%13.5%87.2%46.1%-0.7%-12.0%18.7K-7.0M-11.0K0.6871.19N/AN/A5,2203,53015,58030,610
2018-01-22$13.92$14.0044.0%12.6%14.5%80.0%44.0%5.6%-10.1%31.0K-720.7K-10.2K0.5553.70N/AN/A2,1101,1503,0602,930
2018-01-23$13.91$14.0044.8%12.8%14.0%82.5%46.7%4.1%-8.9%25.1K-669.6K-11.5K0.5369.14N/AN/A2,1801,1603,1903,160
2018-01-24$13.84$14.0046.1%13.2%13.0%86.9%48.7%1.6%-10.2%21.9K-561.7K-11.1K0.4956.37N/AN/A2,2801,1203,2203,230
2018-01-25$13.71$14.0052.5%15.1%13.2%100.0%50.9%3.2%-14.9%23.8K-552.8K-11.4K0.4352.47N/AN/A5,0502,1603,3703,300
2018-01-26$13.78$14.0029.4%8.4%13.3%29.3%31.4%4.9%-1.4%96.0K-1.4M-12.0K1.3184.74N/AN/A4,1205,3906,3304,560
2018-01-29$13.79$14.0029.6%8.5%13.2%30.0%38.1%5.9%-0.3%-9.5K-110.5K-16.3K1.0293.44N/AN/A3,7403,8105,9907,380
2018-01-30$13.85$14.0027.0%7.8%13.2%22.1%35.3%13.8%0.1%-45.5K574.7K-17.4K1.0393.73N/AN/A3,7603,8705,4907,850
2018-01-31$13.80$14.0028.6%8.2%13.4%26.9%41.4%4.5%-1.7%-39.3K620.3K-16.0K0.9494.44N/AN/A3,7603,5205,5307,930