MSTR Options History — July 2018

In July 2018, MSTR traded between $12.76 and $13.78. ATM implied volatility averaged 33.6%, placing in the 42.1% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 11.4% (HV 20d: 22.2%). Max pain ranged from $13.00 to $13.50. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.91.

Notable Days

  • 2018-07-20: Highest Volume — 8,740 contracts
  • 2018-07-27: Largest IV drop — 45.2% change
  • 2018-07-26: Highest IV Rank — 76.0%
  • 2018-07-26: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.38$12.76$13.78$12.91$13.00
Max Pain$13.17$13.00$13.50$13.00$13.50
ATM IV33.6%24.6%44.9%25.1%27.4%
Expected Move10.1%7.1%12.9%7.2%7.8%
HV 20d22.2%16.6%25.4%21.1%25.4%
HV 60d19.7%17.3%20.5%20.0%20.4%
IV Rank42.1%15.4%76.0%17.0%23.5%
IV Percentile69.2%23.4%98.0%35.7%61.9%
Term Structure-5.0%-11.3%7.2%7.1%-3.5%
VWIV37.0%25.8%44.8%26.7%28.2%
Skew 25d4.0%0.3%6.1%5.4%3.7%
Skew 10d9.5%2.9%17.2%7.6%9.4%
Call IV 25d34.8%22.7%43.2%22.7%26.2%
Put IV 25d38.8%26.1%48.6%28.1%30.0%
Bid-Ask Spread %66.1642.7796.3193.1392.86
Gamma HHI0.240.110.590.590.14
Net GEX29.1K-364.7K269.7K-364.7K-38.1K
Net DEX-580.8K-2.2M2.2M2.2M519.1K
Net VEX-11.6K-16.7K-9.1K-16.6K-9.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.910.723.550.721.28
Total Volume5,581.4292,8008,7403,3105,020
Total OI12,504.7625,82017,87017,2908,540

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$12.91$13.0025.1%7.2%21.1%17.0%26.7%5.4%7.1%-364.7K2.2M-16.6K0.7293.13N/AN/A1,9201,3907,6009,690
2018-07-03$13.18$13.0026.2%7.5%22.4%20.1%27.0%3.0%7.2%-208.6K759.7K-16.7K0.7596.31N/AN/A1,9101,4407,6009,690
2018-07-05$13.38$13.0026.4%9.8%23.0%20.7%36.8%2.7%-4.0%-129.7K746.1K-16.7K0.8671.48N/AN/A1,9601,6807,6009,740
2018-07-06$13.47$13.0024.7%9.8%22.5%15.7%35.7%0.4%-2.8%-67.3K-439.9K-16.0K0.8061.02N/AN/A2,1001,6907,7009,990
2018-07-09$13.50$13.0025.0%10.2%22.5%16.5%36.6%2.9%-4.9%-9.5K-1.1M-13.3K0.8162.52N/AN/A2,1001,7007,85010,010
2018-07-10$13.48$13.0025.6%10.0%22.5%18.3%37.0%4.7%-4.9%-6.0K-1.1M-13.2K0.8157.29N/AN/A2,1001,7007,85010,020
2018-07-11$13.44$13.0035.9%10.3%22.2%49.0%37.3%3.6%-5.7%130.9K-1.4M-11.4K3.3262.15N/AN/A1,9806,5807,9305,390
2018-07-12$13.64$13.0036.2%10.4%22.7%50.1%38.4%3.8%-5.7%202.4K-2.0M-11.2K3.4149.03N/AN/A1,9606,6807,9305,390
2018-07-13$13.60$13.0036.8%10.6%22.7%51.9%39.1%6.1%-7.1%198.6K-1.9M-11.0K3.4162.60N/AN/A1,9606,6807,8505,500
2018-07-16$13.53$13.0038.7%11.1%21.9%57.6%40.1%4.6%-8.2%200.9K-1.5M-9.9K3.3857.84N/AN/A1,9606,6207,8505,500
2018-07-17$13.48$13.0039.9%11.4%21.9%60.9%41.7%4.1%-8.9%190.5K-1.4M-9.7K3.4566.99N/AN/A1,9606,7607,8505,550
2018-07-18$13.56$13.0040.2%11.5%22.1%61.9%42.3%4.7%-9.1%222.6K-1.6M-10.0K3.4567.77N/AN/A1,9606,7707,8505,700
2018-07-19$13.78$13.0038.0%10.9%22.8%55.4%40.6%4.4%-7.1%269.7K-2.2M-10.1K3.5060.27N/AN/A1,9306,7607,8505,710
2018-07-20$13.60$13.0039.3%11.3%21.4%59.4%40.2%4.6%-7.7%40.8K-2.0M-9.8K3.5558.83N/AN/A1,9206,8207,9405,640
2018-07-23$13.39$13.5040.1%11.5%22.1%61.7%42.2%4.0%-6.6%21.3K-341.4K-9.2K1.1448.11N/AN/A1,3101,4902,7403,080
2018-07-24$13.28$13.5041.6%11.9%20.5%66.0%44.8%5.9%-8.3%9.8K-87.0K-10.4K1.1369.27N/AN/A1,4201,6002,8503,350
2018-07-25$13.43$13.5040.9%11.7%20.7%64.0%44.2%5.5%-8.6%17.2K-316.4K-9.8K1.2261.45N/AN/A1,3201,6103,0003,340
2018-07-26$13.60$13.5044.9%12.9%16.6%76.0%44.6%5.5%-11.3%27.6K-494.1K-9.9K0.8942.77N/AN/A2,0701,8503,0503,350
2018-07-27$12.97$13.5024.6%7.1%24.2%15.4%26.7%0.3%-1.9%-34.9K509.0K-9.1K1.0879.14N/AN/A2,0602,2204,1703,860
2018-07-30$12.76$13.5027.2%7.8%24.9%23.2%25.8%4.2%-2.0%-61.7K793.2K-9.3K1.1168.56N/AN/A2,0102,2404,2604,240
2018-07-31$13.00$13.5027.4%7.8%25.4%23.5%28.2%3.7%-3.5%-38.1K519.1K-9.5K1.2892.86N/AN/A2,2002,8204,2604,280