MSTR Options History — May 2018

In May 2018, MSTR traded between $12.72 and $13.21. ATM implied volatility averaged 24.8%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 3.3% (HV 20d: 21.6%). Max pain ranged from $13.00 to $13.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.22.

Notable Days

  • 2018-05-03: Highest Volume — 11,730 contracts
  • 2018-05-29: Largest IV spike — 14.4% change
  • 2018-05-08: Highest IV Rank — 25.0%
  • 2018-05-08: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.99$12.72$13.21$13.08$12.99
Max Pain$13.00$13.00$13.00$13.00$13.00
ATM IV24.8%21.6%28.1%25.5%25.2%
Expected Move7.1%6.2%7.5%7.3%7.2%
HV 20d21.6%13.1%24.7%24.4%14.3%
HV 60d25.0%18.3%27.2%27.2%18.6%
IV Rank15.1%5.4%25.0%17.2%16.1%
IV Percentile32.0%1.2%65.1%44.8%35.7%
Term Structure0.0%-1.3%1.8%-0.0%-1.3%
VWIV24.3%21.3%30.5%25.3%25.4%
Skew 25d3.1%0.8%6.0%3.3%2.8%
Skew 10d7.7%0.7%21.1%11.2%5.9%
Call IV 25d23.5%21.9%24.7%24.6%23.9%
Put IV 25d26.6%23.4%29.1%27.9%26.7%
Bid-Ask Spread %66.1323.6094.8275.5779.85
Gamma HHI0.530.250.660.330.66
Net GEX-271.3K-412.8K154.6K154.6K-404.4K
Net DEX2.6M-469.2K4.3M-469.2K2.9M
Net VEX-23.5K-27.6K-15.3K-15.5K-22.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.912.471.251.23
Total Volume7,105.9095,89011,7307,3206,040
Total OI20,340.45514,77025,08017,00015,710

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$13.08$13.0025.5%7.3%24.4%17.2%25.3%3.3%-0.0%154.6K-469.2K-15.5K1.2575.57N/AN/A3,2504,0709,0008,000
2018-05-02$12.99$13.0026.0%7.4%24.6%18.6%30.5%4.7%-0.2%91.5K158.7K-15.6K1.2492.63N/AN/A3,3004,0809,0008,520
2018-05-03$12.91$13.0025.8%7.4%24.7%18.0%25.7%3.1%-0.1%48.1K436.6K-15.3K2.4769.14N/AN/A3,3808,3509,0508,540
2018-05-04$13.00$13.0025.7%7.2%24.3%17.8%25.0%3.2%0.5%-145.4K2.6M-25.9K1.1764.12N/AN/A3,6004,2009,15013,890
2018-05-07$13.05$13.0027.7%7.2%24.3%23.8%25.6%2.8%0.1%-183.1K2.7M-27.4K1.1723.60N/AN/A3,6004,2009,45015,080
2018-05-08$13.10$13.0028.1%7.5%24.0%25.0%26.4%3.5%-1.1%-156.7K2.5M-27.6K1.1744.41N/AN/A3,6004,2009,45015,080
2018-05-09$13.05$13.0025.2%7.2%23.8%16.3%25.5%2.5%0.6%-204.9K2.8M-26.7K1.1851.96N/AN/A3,5504,2009,45015,080
2018-05-10$12.99$13.0023.8%6.8%23.7%12.2%24.4%3.1%0.9%-241.7K3.1M-26.6K1.2361.39N/AN/A3,5504,3709,48015,080
2018-05-11$12.94$13.0025.0%7.2%23.8%15.6%25.4%3.0%0.6%-310.1K3.4M-26.3K1.2583.92N/AN/A3,5704,4809,48015,310
2018-05-14$12.74$13.0025.8%7.4%23.2%17.9%25.1%3.0%0.1%-411.0K4.3M-25.5K0.9231.80N/AN/A3,6203,3309,50015,310
2018-05-15$12.72$13.0025.7%7.4%22.5%17.6%23.2%2.9%-0.1%-412.8K4.3M-25.4K0.9175.63N/AN/A3,6603,3309,65015,320
2018-05-16$12.88$13.0024.6%7.1%23.1%14.6%23.4%3.0%-0.4%-383.4K3.6M-25.2K0.9259.69N/AN/A3,6103,3309,75015,320
2018-05-17$12.95$13.0023.2%6.7%23.2%10.3%21.3%3.7%1.0%-381.8K3.4M-24.6K0.9269.53N/AN/A3,6203,3309,75015,310
2018-05-18$13.08$13.0024.6%7.0%21.8%14.3%21.7%4.1%-0.1%-347.7K2.7M-24.2K0.9169.61N/AN/A3,6803,3609,77015,310
2018-05-21$13.00$13.0023.4%6.7%21.9%10.9%22.3%2.5%-0.5%-393.1K3.0M-22.6K1.3260.47N/AN/A2,5403,3503,91010,860
2018-05-22$12.97$13.0022.7%6.5%21.8%8.6%22.1%2.6%0.5%-395.5K2.9M-24.4K1.3173.49N/AN/A2,5603,3504,31011,250
2018-05-23$12.97$13.0023.7%6.8%21.7%11.6%22.7%2.9%-0.4%-395.6K3.1M-24.8K1.3176.76N/AN/A2,5603,3504,34011,250
2018-05-24$13.04$13.0023.4%6.7%21.3%10.7%22.4%3.4%-0.0%-388.3K2.8M-23.9K1.2430.23N/AN/A2,7003,3504,34011,250
2018-05-25$13.08$13.0021.6%6.2%14.1%5.4%22.6%0.8%1.8%-370.4K2.4M-23.5K1.2494.82N/AN/A2,7003,3504,48011,250
2018-05-29$12.96$13.0024.7%7.1%14.6%14.8%24.6%2.5%-1.0%-403.9K2.9M-23.0K1.2483.51N/AN/A2,7003,3504,48011,250
2018-05-30$13.21$13.0024.8%7.1%13.1%15.1%24.3%6.0%-0.8%-332.2K2.0M-22.0K1.2382.69N/AN/A2,6903,3204,48011,250
2018-05-31$12.99$13.0025.2%7.2%14.3%16.1%25.4%2.8%-1.3%-404.4K2.9M-22.1K1.2379.85N/AN/A2,7103,3304,48011,230