MSTR Options History — February 2018

In February 2018, MSTR traded between $12.82 and $13.87. ATM implied volatility averaged 28.2%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 9.5% (HV 20d: 18.8%). Max pain ranged from $13.50 to $13.50. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.71.

Notable Days

  • 2018-02-15: Highest Volume — 8,310 contracts
  • 2018-02-06: Largest IV spike — 34.7% change
  • 2018-02-06: Highest IV Rank — 66.9%
  • 2018-02-09: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.50$12.82$13.87$13.87$12.82
Max Pain$13.50$13.50$13.50$13.50$13.50
ATM IV28.2%23.2%41.7%24.6%29.2%
Expected Move7.9%6.7%10.1%7.3%8.4%
HV 20d18.8%13.3%26.7%13.3%26.7%
HV 60d16.1%13.8%19.5%13.8%19.5%
IV Rank25.7%10.4%66.9%14.5%28.6%
IV Percentile63.8%24.6%94.0%44.0%76.2%
Term Structure-0.6%-3.7%2.4%-0.2%-3.7%
VWIV29.7%25.1%37.3%26.0%32.3%
Skew 25d4.6%2.0%11.6%3.5%11.6%
Skew 10d8.5%-2.2%14.0%8.7%4.9%
Call IV 25d26.7%22.9%34.7%24.9%28.0%
Put IV 25d31.3%26.4%39.6%28.5%39.6%
Bid-Ask Spread %88.0880.1496.1680.1494.21
Gamma HHI0.220.160.300.160.28
Net GEX-117.8K-204.5K-19.2K-19.2K-204.5K
Net DEX1.2M109.3K3.3M472.0K3.3M
Net VEX-17.0K-19.2K-15.2K-16.1K-16.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.501.000.920.67
Total Volume6,637.3684,7208,3107,3605,970
Total OI14,031.57911,74016,83013,30013,720

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$13.87$13.5024.6%7.3%13.3%14.5%26.0%3.5%-0.2%-19.2K472.0K-16.1K0.9280.14N/AN/A3,8403,5205,5307,770
2018-02-02$13.58$13.5032.7%8.1%14.2%39.4%30.6%2.4%-2.2%-66.7K973.4K-15.4K0.8989.58N/AN/A3,8403,4305,5307,760
2018-02-05$13.17$13.5030.9%8.6%17.9%34.0%34.3%3.0%-2.2%-115.6K1.9M-15.6K1.0096.16N/AN/A4,0804,0905,5307,760
2018-02-06$13.30$13.5041.7%8.8%17.8%66.9%33.2%4.1%-3.2%-146.8K2.1M-16.5K0.7484.48N/AN/A4,0903,0205,7808,510
2018-02-07$13.40$13.5029.5%8.4%18.0%29.5%31.9%5.2%-0.7%-132.3K1.7M-16.9K0.7489.79N/AN/A4,0903,0205,9308,660
2018-02-08$13.19$13.5031.9%9.2%18.6%37.0%33.7%6.5%-1.6%-163.2K2.1M-16.7K0.7484.43N/AN/A4,0903,0205,9308,660
2018-02-09$13.07$13.5035.1%10.1%17.9%46.6%37.3%3.4%-1.5%-166.9K2.4M-17.1K0.7188.95N/AN/A4,2103,0005,9308,660
2018-02-12$13.27$13.5028.3%8.1%18.6%26.1%33.1%5.0%-0.6%-196.3K2.0M-15.2K0.6285.77N/AN/A4,6102,8606,0208,620
2018-02-13$13.44$13.5026.4%7.6%19.3%20.2%31.2%2.0%2.4%-168.6K1.1M-16.2K0.6282.05N/AN/A4,5202,7906,4608,740
2018-02-14$13.59$13.5026.7%7.7%19.7%21.0%25.1%3.6%-0.0%-152.2K783.8K-16.1K0.7681.90N/AN/A4,5003,4306,4608,770
2018-02-15$13.76$13.5024.1%6.9%20.2%13.2%26.7%4.4%1.1%-77.0K364.4K-17.0K0.7085.14N/AN/A4,9003,4106,5109,700
2018-02-16$13.78$13.5023.2%6.7%19.4%10.4%26.1%3.5%0.4%-91.7K485.3K-18.0K0.7895.52N/AN/A4,4503,4607,0409,790
2018-02-20$13.80$13.5025.5%7.3%19.0%17.3%26.5%3.9%-0.8%-92.7K300.6K-16.7K0.5088.68N/AN/A3,3301,6504,1107,630
2018-02-21$13.70$13.5026.3%7.5%19.1%19.8%27.2%5.9%0.1%-68.9K109.3K-18.0K0.5591.37N/AN/A3,1201,7104,6607,720
2018-02-22$13.73$13.5026.2%7.5%19.0%19.6%25.1%5.3%-0.7%-71.7K217.9K-17.7K0.7186.54N/AN/A3,1002,2004,8207,780
2018-02-23$13.80$13.5023.6%6.8%18.8%11.6%27.5%4.5%1.6%-74.7K200.5K-19.2K0.7190.68N/AN/A3,0802,2004,9208,280
2018-02-26$13.77$13.5025.4%7.3%18.8%17.1%28.2%3.3%-0.3%-85.6K278.8K-18.1K0.5587.08N/AN/A3,0801,6804,9208,280
2018-02-27$13.50$13.5025.1%7.2%20.0%16.0%28.8%5.8%0.7%-143.6K1.2M-18.6K0.5591.14N/AN/A3,0401,6805,0208,690
2018-02-28$12.82$13.5029.2%8.4%26.7%28.6%32.3%11.6%-3.7%-204.5K3.3M-16.8K0.6794.21N/AN/A3,5802,3905,0308,690