MSTR Options History — November 2018

In November 2018, MSTR traded between $12.36 and $12.96. ATM implied volatility averaged 31.6%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 10.2% (HV 20d: 21.4%). Max pain ranged from $13.00 to $13.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2018-11-13: Highest Volume — 5,810 contracts
  • 2018-11-14: Largest IV drop — 27.8% change
  • 2018-11-13: Highest IV Rank — 63.2%
  • 2018-11-02: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.68$12.36$12.96$12.60$12.96
Max Pain$13.00$13.00$13.00$13.00$13.00
ATM IV31.6%28.1%40.6%33.9%28.1%
Expected Move8.6%7.5%9.9%9.7%8.1%
HV 20d21.4%17.7%23.6%23.5%18.1%
HV 60d23.7%21.8%25.0%24.7%22.6%
IV Rank36.3%25.9%63.2%43.1%25.9%
IV Percentile70.5%57.1%88.9%78.2%57.1%
Term Structure-1.2%-3.4%0.7%-3.2%-0.8%
VWIV32.8%29.7%36.8%35.4%31.1%
Skew 25d4.1%0.5%6.5%0.5%4.0%
Skew 10d8.7%-6.4%15.3%9.3%9.2%
Call IV 25d29.3%26.4%36.7%36.7%27.5%
Put IV 25d33.3%29.9%39.0%37.2%31.5%
Bid-Ask Spread %68.9925.1085.6978.4182.63
Gamma HHI0.190.150.250.180.18
Net GEX-27.4K-73.0K794-34.8K794
Net DEX360.1K-198.0K863.5K700.1K-198.0K
Net VEX-6.3K-8.2K-4.7K-8.2K-4.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.670.890.740.89
Total Volume4,901.9054,3405,8104,9404,340
Total OI7,936.196,3109,2509,0706,390

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$12.60$13.0033.9%9.7%23.5%43.1%35.4%0.5%-3.2%-34.8K700.1K-8.2K0.7478.41N/AN/A2,8402,1005,0104,060
2018-11-02$12.62$13.0034.7%9.9%23.5%45.5%36.8%4.8%-3.4%-35.4K706.6K-8.2K0.7282.09N/AN/A2,7902,0105,0104,060
2018-11-05$12.72$13.0033.7%8.8%23.6%42.5%32.7%3.5%-0.9%-34.9K612.0K-7.7K0.7467.63N/AN/A2,7102,0105,0204,060
2018-11-06$12.71$13.0033.4%8.7%23.6%41.6%31.1%4.5%-1.1%-32.7K601.0K-7.5K0.7157.50N/AN/A2,6301,8605,0404,060
2018-11-07$12.95$13.0030.2%7.5%21.8%32.0%29.7%3.5%0.7%-20.7K141.8K-7.2K0.8280.37N/AN/A2,6302,1605,0403,860
2018-11-08$12.85$13.0030.9%7.6%22.0%34.3%29.7%4.1%0.3%-22.8K221.1K-7.3K0.6785.69N/AN/A2,9201,9705,0403,890
2018-11-09$12.84$13.0033.2%8.1%22.0%41.1%30.8%5.7%-0.9%-20.7K256.2K-7.2K0.7084.39N/AN/A3,2202,2605,3303,700
2018-11-12$12.75$13.0035.9%8.1%21.6%49.2%32.7%4.7%-1.2%-61.8K454.3K-7.1K0.7677.45N/AN/A3,2202,4605,0304,190
2018-11-13$12.52$13.0040.6%8.7%21.8%63.2%32.4%3.7%-1.9%-71.9K863.5K-6.7K0.7355.45N/AN/A3,3502,4605,0304,190
2018-11-14$12.65$13.0029.3%8.4%22.2%29.4%33.1%3.8%-0.3%-73.0K641.2K-6.9K0.7372.54N/AN/A3,3502,4605,0604,190
2018-11-15$12.79$13.0028.4%8.1%21.8%26.7%31.4%4.2%-1.1%-69.7K368.0K-6.3K0.7372.12N/AN/A3,3502,4405,0604,190
2018-11-16$12.70$13.0028.5%8.2%21.4%27.1%31.0%3.2%-0.0%-2.3K352.3K-6.3K0.8169.60N/AN/A3,0302,4404,8504,140
2018-11-19$12.47$13.0030.6%8.8%22.1%33.2%33.6%6.5%-1.3%-11.7K363.0K-6.0K0.7331.38N/AN/A2,5701,8703,8002,740
2018-11-20$12.36$13.0030.8%8.8%22.2%33.7%33.7%4.8%-1.2%-15.3K495.4K-5.8K0.6968.30N/AN/A2,7101,8703,7902,750
2018-11-21$12.56$13.0030.1%8.6%20.9%31.7%32.5%3.1%0.2%-15.0K242.5K-5.2K0.6977.27N/AN/A2,7101,8803,6702,660
2018-11-23$12.44$13.0031.8%9.1%20.4%36.8%35.0%4.1%-2.6%-15.1K321.8K-5.4K0.7180.16N/AN/A2,6601,8803,6702,640
2018-11-26$12.61$13.0031.2%8.9%20.7%35.1%34.7%4.7%-2.4%-13.3K206.3K-5.1K0.7325.10N/AN/A2,5601,8803,7202,640
2018-11-27$12.56$13.0030.5%8.7%19.6%32.9%33.9%5.1%-1.7%-15.6K254.2K-4.9K0.7335.70N/AN/A2,5601,8803,7202,640
2018-11-28$12.75$13.0029.5%8.5%18.8%30.0%33.8%2.9%-0.8%-6.1K12.9K-4.8K0.7382.06N/AN/A2,5601,8803,7202,640
2018-11-29$12.81$13.0028.7%8.2%17.7%27.5%34.1%4.2%-1.3%-3.8K-54.4K-4.9K0.7382.92N/AN/A2,5801,8803,7202,640
2018-11-30$12.96$13.0028.1%8.1%18.1%25.9%31.1%4.0%-0.8%794-198.0K-4.7K0.8982.63N/AN/A2,3002,0403,7502,640