MSTR Options History — September 2018

In September 2018, MSTR traded between $14.02 and $15.06. ATM implied volatility averaged 23.3%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 1.7% (HV 20d: 25.0%). Max pain ranged from $14.00 to $14.50. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.70.

Notable Days

  • 2018-09-20: Highest Volume — 6,810 contracts
  • 2018-09-10: Largest IV spike — 9.5% change
  • 2018-09-10: Highest IV Rank — 17.7%
  • 2018-09-26: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.64$14.02$15.06$14.80$14.02
Max Pain$14.21$14.00$14.50$14.00$14.50
ATM IV23.3%21.7%25.4%22.0%22.7%
Expected Move6.7%6.2%7.0%6.3%6.5%
HV 20d25.0%19.5%29.0%23.6%22.5%
HV 60d24.4%23.7%25.1%24.1%24.3%
IV Rank11.4%6.7%17.7%7.6%9.8%
IV Percentile19.0%6.3%42.9%7.5%14.3%
Term Structure5.5%0.1%9.7%0.1%9.2%
VWIV24.0%22.3%27.9%22.4%26.4%
Skew 25d2.3%0.5%4.0%1.6%3.4%
Skew 10d5.2%0.4%16.7%3.6%10.8%
Call IV 25d22.6%21.4%24.5%22.2%21.8%
Put IV 25d24.9%23.7%26.0%23.7%25.2%
Bid-Ask Spread %62.5224.6789.7275.1581.00
Gamma HHI0.210.130.330.250.17
Net GEX322.6K-22.8K721.4K444.9K-22.8K
Net DEX-2.0M-4.1M569.6K-2.9M569.6K
Net VEX-13.3K-15.4K-11.1K-14.9K-11.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.531.070.580.86
Total Volume5,954.7374,6906,8105,9504,690
Total OI15,048.94710,78016,94014,43012,840

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$14.80$14.0022.0%6.3%23.6%7.6%22.4%1.6%0.1%444.9K-2.9M-14.9K0.5875.15N/AN/A3,7702,1809,0105,420
2018-09-05$14.52$14.0023.2%6.7%24.9%11.2%22.7%3.0%0.5%323.4K-1.9M-14.6K0.5370.71N/AN/A4,0402,1609,9805,610
2018-09-06$14.48$14.0023.3%7.0%25.0%11.4%25.8%3.0%3.9%324.6K-1.7M-15.1K0.5985.79N/AN/A3,9402,33010,1305,690
2018-09-07$14.44$14.0023.2%6.6%24.9%11.2%24.0%2.4%5.1%297.3K-1.6M-14.3K0.6158.30N/AN/A3,8102,33010,2205,770
2018-09-10$14.73$14.0025.4%7.0%25.5%17.7%23.3%2.0%6.1%462.3K-2.7M-15.1K0.6175.89N/AN/A3,8102,34010,2105,770
2018-09-11$14.77$14.0023.6%6.5%25.5%12.5%22.8%2.1%5.4%483.7K-2.8M-14.4K0.6040.98N/AN/A3,8902,32010,2705,770
2018-09-12$14.93$14.0023.4%6.7%25.6%11.6%24.2%4.0%5.3%619.9K-3.7M-15.4K0.5865.66N/AN/A3,9902,32010,3805,720
2018-09-13$14.78$14.0021.7%6.2%25.5%6.7%23.3%3.2%5.1%497.2K-2.8M-13.2K0.5854.76N/AN/A3,9702,32010,3405,720
2018-09-14$14.94$14.0022.0%6.3%25.6%7.4%22.3%2.7%4.0%630.6K-3.8M-14.5K0.6383.70N/AN/A3,8802,45010,5405,730
2018-09-17$14.64$14.0023.5%6.7%26.5%12.0%23.3%2.8%5.6%379.9K-2.3M-12.4K0.6284.44N/AN/A3,9702,45010,5305,870
2018-09-18$15.06$14.0023.1%6.6%27.8%10.8%23.5%0.5%4.8%721.4K-4.1M-12.9K0.6951.25N/AN/A3,9802,75010,5105,870
2018-09-19$14.76$14.5023.7%6.8%29.0%12.7%23.9%1.8%4.3%344.4K-2.1M-12.5K0.6955.74N/AN/A4,0102,75010,4706,390
2018-09-20$14.76$14.5023.3%6.7%29.0%11.3%24.1%2.1%4.5%334.9K-2.1M-12.2K0.6853.32N/AN/A4,0602,75010,5406,390
2018-09-21$14.77$14.5023.5%6.7%29.0%12.1%22.5%2.4%4.0%104.3K-2.0M-11.7K0.5862.90N/AN/A4,1302,40010,5506,390
2018-09-24$14.73$14.5023.3%6.7%20.3%11.4%24.2%2.4%9.7%101.8K-1.2M-11.1K1.0737.09N/AN/A2,3002,4605,2905,490
2018-09-25$14.69$14.5023.4%6.7%19.5%11.7%23.2%1.8%8.8%88.8K-1.1M-12.2K1.0736.85N/AN/A2,4002,5605,4606,220
2018-09-26$14.24$14.5024.4%7.0%22.2%14.6%27.9%2.3%8.5%10.4K32.6K-12.2K0.8889.72N/AN/A2,5202,2305,8006,480
2018-09-27$14.05$14.5024.0%6.9%22.5%13.5%25.5%0.7%9.6%-18.1K433.8K-11.8K0.9424.67N/AN/A2,5202,3605,8406,720
2018-09-28$14.02$14.5022.7%6.5%22.5%9.8%26.4%3.4%9.2%-22.8K569.6K-11.6K0.8681.00N/AN/A2,5202,1705,9106,930