MSTR Options History — August 2018

In August 2018, MSTR traded between $13.24 and $15.00. ATM implied volatility averaged 22.4%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 3.7% (HV 20d: 26.0%). Max pain ranged from $13.50 to $14.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 1.02.

Notable Days

  • 2018-08-24: Highest Volume — 9,670 contracts
  • 2018-08-15: Largest IV drop — 13.3% change
  • 2018-08-01: Highest IV Rank — 20.3%
  • 2018-08-01: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.16$13.24$15.00$13.24$14.78
Max Pain$13.78$13.50$14.00$13.50$14.00
ATM IV22.4%20.6%26.3%26.3%21.5%
Expected Move6.3%5.9%7.5%7.5%6.2%
HV 20d26.0%23.8%27.2%25.2%23.8%
HV 60d22.2%20.8%24.3%20.8%24.1%
IV Rank8.7%3.4%20.3%20.3%6.2%
IV Percentile9.7%0.4%52.0%52.0%4.0%
Term Structure0.5%-2.3%1.6%-1.0%-0.2%
VWIV22.7%20.1%30.0%30.0%22.0%
Skew 25d2.8%0.2%5.6%3.6%2.1%
Skew 10d6.3%3.2%10.1%8.9%3.5%
Call IV 25d21.2%18.9%24.9%24.5%22.2%
Put IV 25d24.0%21.8%29.3%28.1%24.2%
Bid-Ask Spread %74.2443.1294.4492.1878.75
Gamma HHI0.230.170.640.190.25
Net GEX198.2K-38.7K583.3K-38.7K457.2K
Net DEX-1.5M-3.7M530.9K530.9K-3.2M
Net VEX-12.6K-18.3K-9.9K-12.5K-16.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.261.801.210.66
Total Volume5,622.6094,5109,6705,1605,460
Total OI11,023.4788,20014,9009,92014,880

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$13.24$13.5026.3%7.5%25.2%20.3%30.0%3.6%-1.0%-38.7K530.9K-12.5K1.2192.18N/AN/A2,3402,8204,5605,360
2018-08-02$13.61$13.5025.4%7.3%26.5%17.8%25.5%2.8%-2.3%31.7K-219.4K-12.5K0.9392.82N/AN/A3,0502,8304,5905,360
2018-08-03$13.54$13.5023.6%6.8%26.5%12.4%24.4%5.6%0.1%51.8K-238.8K-13.5K1.0594.44N/AN/A2,7302,8705,1705,350
2018-08-06$13.71$13.5022.7%6.7%26.9%9.7%23.9%3.7%1.6%99.3K-645.5K-12.6K1.0557.56N/AN/A2,7402,8705,2305,390
2018-08-07$13.78$13.5021.2%6.1%26.9%5.3%22.8%3.5%1.6%121.4K-839.8K-12.7K0.9264.05N/AN/A3,1302,8705,2505,390
2018-08-08$13.80$13.5022.3%6.0%26.9%8.4%22.4%3.4%1.2%113.7K-751.9K-11.3K0.9263.88N/AN/A3,1302,8804,9505,390
2018-08-09$13.93$13.5022.1%6.3%26.6%7.9%23.8%3.7%0.2%154.9K-1.1M-11.4K1.0182.25N/AN/A2,7602,8004,9705,390
2018-08-10$14.10$13.5022.1%6.2%26.9%7.9%23.8%3.0%0.8%190.9K-1.5M-10.8K1.0174.61N/AN/A2,7602,8004,9705,440
2018-08-13$14.10$13.5024.9%6.4%26.7%16.2%22.6%2.2%0.2%193.3K-1.4M-9.9K0.9865.03N/AN/A2,8402,7904,9705,440
2018-08-14$14.21$13.5025.0%6.4%26.7%16.5%21.9%3.6%0.6%239.4K-1.7M-10.2K1.0770.64N/AN/A2,7902,9805,1005,470
2018-08-15$14.03$14.0021.7%6.2%27.2%6.5%21.8%2.8%0.8%164.9K-1.2M-10.4K1.0875.82N/AN/A2,7702,9805,1105,660
2018-08-16$14.12$14.0021.2%6.1%26.7%5.1%20.7%3.1%0.9%143.4K-1.4M-10.0K1.1068.25N/AN/A2,6902,9705,1705,660
2018-08-17$13.98$14.0021.5%6.2%26.5%6.0%22.1%4.2%0.5%583.3K-793.5K-11.6K1.1983.78N/AN/A2,6403,1405,4305,720
2018-08-20$14.16$14.0020.6%5.9%26.1%3.4%20.1%3.2%1.2%26.3K-765.0K-10.3K1.8065.78N/AN/A1,6102,9003,1605,040
2018-08-21$14.18$14.0020.7%5.9%25.7%3.7%20.5%2.2%1.1%41.5K-876.1K-10.5K1.5176.23N/AN/A1,9202,9003,2905,040
2018-08-22$14.16$14.0020.9%6.0%25.6%4.3%23.0%2.1%1.0%48.4K-796.5K-11.4K1.4581.75N/AN/A2,0602,9803,5705,040
2018-08-23$14.16$14.0021.5%6.2%25.3%6.0%20.9%2.4%0.3%48.3K-932.3K-11.5K1.3643.12N/AN/A2,2203,0103,7005,180
2018-08-24$15.00$14.0021.5%6.2%25.5%6.1%22.8%0.2%-0.1%103.8K-2.5M-11.4K0.2688.13N/AN/A7,6801,9903,8805,250
2018-08-27$14.75$14.0022.5%6.4%25.6%9.0%21.5%1.1%-0.1%452.6K-3.5M-16.9K0.7556.52N/AN/A2,9302,2009,1505,340
2018-08-28$14.85$14.0021.1%6.1%25.2%4.9%21.8%1.5%0.8%471.8K-3.7M-18.3K0.7682.64N/AN/A2,8802,2009,2405,580
2018-08-29$14.75$14.0022.1%6.3%25.3%7.7%21.7%1.8%0.6%437.1K-3.3M-17.1K0.7463.25N/AN/A2,9302,1709,2405,570
2018-08-30$14.71$14.0022.1%6.3%24.0%7.8%21.3%2.5%1.1%421.4K-3.0M-17.0K0.7186.09N/AN/A3,1002,2109,3305,570
2018-08-31$14.78$14.0021.5%6.2%23.8%6.2%22.0%2.1%-0.2%457.2K-3.2M-16.7K0.6678.75N/AN/A3,2802,1809,3005,580