MSTR Options History — March 2018

In March 2018, MSTR traded between $12.36 and $13.61. ATM implied volatility averaged 30.2%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 4.1% (HV 20d: 34.3%). Max pain ranged from $13.50 to $13.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.06.

Notable Days

  • 2018-03-05: Highest Volume — 7,380 contracts
  • 2018-03-13: Largest IV spike — 64.9% change
  • 2018-03-13: Highest IV Rank — 100.0%
  • 2018-03-29: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.14$12.36$13.61$12.36$12.90
Max Pain$13.50$13.50$13.50$13.50$13.50
ATM IV30.2%24.4%52.9%32.5%33.8%
Expected Move7.9%7.0%9.7%9.3%9.7%
HV 20d34.3%27.0%37.8%29.2%27.0%
HV 60d24.0%20.7%24.8%20.7%24.5%
IV Rank31.5%13.9%100.0%38.9%42.1%
IV Percentile70.8%35.7%100.0%79.0%79.4%
Term Structure5.2%-5.9%11.6%-5.9%5.5%
VWIV29.0%25.8%35.2%34.9%35.2%
Skew 25d3.1%-2.9%6.3%2.4%2.2%
Skew 10d6.7%-5.3%26.3%4.7%4.1%
Call IV 25d27.6%24.3%36.7%35.2%36.7%
Put IV 25d30.7%26.3%38.9%37.6%38.9%
Bid-Ask Spread %86.0375.41102.9198.8199.98
Gamma HHI0.290.190.350.190.34
Net GEX-201.2K-366.9K-137.7K-242.9K-182.0K
Net DEX2.2M284.9K5.7M5.7M2.7M
Net VEX-19.6K-23.6K-15.3K-15.3K-17.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.691.180.690.98
Total Volume6,602.8575,7707,3805,8206,800
Total OI15,766.66713,52017,59015,25014,310

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$12.36$13.5032.5%9.3%29.2%38.9%34.9%2.4%-5.9%-242.9K5.7M-15.3K0.6998.81N/AN/A3,4502,3705,6309,620
2018-03-02$12.60$13.5029.8%8.5%30.3%30.3%32.8%5.1%-3.9%-240.7K4.3M-17.7K1.12102.91N/AN/A3,4503,8706,1609,640
2018-03-05$13.40$13.5033.1%7.4%37.8%40.7%26.5%1.9%3.9%-196.5K1.5M-23.6K1.1383.93N/AN/A3,4603,9205,96011,140
2018-03-06$13.32$13.5030.2%7.5%36.2%31.8%26.8%3.8%3.8%-214.0K1.7M-23.2K1.1877.24N/AN/A3,3103,9206,09011,190
2018-03-07$13.33$13.5030.6%7.3%36.0%33.0%26.7%3.3%4.7%-216.6K1.5M-22.9K1.1878.15N/AN/A3,3103,9206,21011,170
2018-03-08$13.39$13.5031.3%7.6%36.0%35.2%26.9%4.0%4.3%-202.1K1.3M-22.3K1.1880.82N/AN/A3,3103,9206,21011,170
2018-03-09$13.61$13.5025.8%7.2%36.0%18.3%25.8%1.3%4.0%-195.9K284.9K-21.4K1.1878.35N/AN/A3,3203,9206,21011,170
2018-03-12$13.61$13.5032.1%7.3%35.7%37.6%26.1%3.5%4.0%-188.4K384.2K-21.3K1.1479.58N/AN/A3,4303,9206,32011,170
2018-03-13$13.48$13.5052.9%7.6%35.6%100.0%27.9%-2.9%1.9%-182.9K673.6K-21.0K1.0087.59N/AN/A3,1903,1906,35011,170
2018-03-14$13.35$13.5028.0%8.0%35.5%24.6%27.2%2.5%3.5%-269.4K1.5M-20.4K0.9775.41N/AN/A3,2903,1906,35011,170
2018-03-15$13.34$13.5024.4%7.0%35.3%13.9%26.6%4.4%6.2%-366.9K1.5M-20.5K0.9782.42N/AN/A3,2903,1906,45011,130
2018-03-16$13.19$13.5025.1%7.2%35.1%16.1%26.1%-0.0%5.7%-137.7K1.8M-20.0K1.0785.68N/AN/A3,2903,5106,46011,130
2018-03-19$13.11$13.5026.9%7.7%35.1%21.4%31.5%6.3%8.4%-161.2K2.1M-19.3K1.0886.05N/AN/A2,7802,9905,0808,440
2018-03-20$13.07$13.5026.4%7.6%35.0%19.7%27.9%2.5%9.0%-174.6K2.3M-18.6K1.0277.02N/AN/A2,9803,0305,0908,440
2018-03-21$13.12$13.5026.9%7.7%35.1%21.4%27.7%0.2%9.2%-162.1K2.1M-18.4K1.0493.87N/AN/A2,9503,0805,2908,600
2018-03-22$13.10$13.5026.9%7.7%35.0%21.3%29.6%4.9%9.4%-175.1K2.3M-19.0K1.0490.31N/AN/A2,9503,0805,3408,670
2018-03-23$12.99$13.5030.7%8.8%35.0%32.8%29.7%3.0%6.8%-162.1K2.5M-18.1K1.0388.51N/AN/A3,0003,0805,3408,670
2018-03-26$13.07$13.5028.2%8.1%35.1%25.4%28.8%5.5%7.4%-183.9K2.6M-17.6K1.1380.05N/AN/A2,8303,2105,3908,670
2018-03-27$12.82$13.5028.3%8.1%35.1%25.7%31.8%5.6%9.9%-198.0K3.4M-16.8K1.0986.45N/AN/A3,0503,3105,4108,780
2018-03-28$12.75$13.5030.3%8.7%30.1%31.8%33.2%5.1%11.6%-172.9K3.2M-17.1K1.0193.49N/AN/A3,2903,3105,5308,780
2018-03-29$12.90$13.5033.8%9.7%27.0%42.1%35.2%2.2%5.5%-182.0K2.7M-17.7K0.9899.98N/AN/A3,4403,3605,5308,780