MSTR Options History — December 2018

In December 2018, MSTR traded between $11.64 and $13.10. ATM implied volatility averaged 30.7%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 7.9% (HV 20d: 22.8%). Max pain ranged from $12.50 to $13.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 5.32.

Notable Days

  • 2018-12-13: Highest Volume — 1,600 contracts
  • 2018-12-12: Largest IV drop — 17.1% change
  • 2018-12-24: Highest IV Rank — 61.3%
  • 2018-12-24: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.52$11.64$13.10$13.10$12.78
Max Pain$12.57$12.50$13.00$13.00$12.50
ATM IV30.7%26.9%40.0%27.6%30.1%
Expected Move8.7%7.7%11.5%7.9%8.6%
HV 20d22.8%18.4%29.6%18.4%29.4%
HV 60d22.8%21.5%23.9%22.7%23.8%
IV Rank33.6%22.2%61.3%24.2%31.6%
IV Percentile65.3%51.2%85.3%54.0%61.9%
Term Structure2.7%-1.5%9.0%-1.5%6.9%
VWIV33.3%27.5%53.2%29.2%32.9%
Skew 25d4.3%-4.4%8.0%2.7%5.9%
Skew 10d10.9%-4.9%33.9%0.2%12.0%
Call IV 25d30.6%26.7%43.8%27.3%28.1%
Put IV 25d34.9%29.9%48.0%29.9%34.0%
Bid-Ask Spread %86.9675.9697.9188.5285.92
Gamma HHI0.410.190.630.190.25
Net GEX-79.1K-185.5K-6.2K-6.2K-10.1K
Net DEX883.6K-333.6K2.6M-104.9K-333.6K
Net VEX-5.3K-7.0K-3.8K-3.8K-6.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.320.0025.500.000.54
Total Volume740201,6002020
Total OI6,984.54,6508,6706,1406,180

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$13.10$13.0027.6%7.9%18.4%24.2%0.0%2.7%-1.5%-6.2K-104.9K-3.8K0.0088.52N/AN/A2003,3802,760
2018-12-04$12.68$13.0029.3%8.4%21.9%29.3%29.2%6.9%-1.1%-31.2K315.6K-4.3K25.5094.15N/AN/A205103,3802,760
2018-12-05$12.68$13.0030.0%8.6%21.9%31.6%31.1%-4.4%-0.3%-31.2K309.3K-4.0K25.5097.91N/AN/A205103,3802,760
2018-12-06$12.77$12.5028.4%8.1%20.9%26.7%53.2%3.1%1.7%-69.2K462.4K-4.6K0.0075.96N/AN/A04203,3803,270
2018-12-07$12.81$12.5029.5%8.3%20.8%29.9%28.6%3.8%4.2%-62.4K508.8K-4.8K12.1790.39N/AN/A607303,3803,470
2018-12-10$12.87$12.5030.7%8.3%20.8%33.6%0.0%4.1%1.6%-62.8K408.7K-4.2K0.0083.39N/AN/A01003,3903,470
2018-12-11$12.74$12.5032.8%8.3%21.0%39.8%27.8%6.3%3.4%-78.2K609.3K-4.6K1.8385.01N/AN/A3005503,3903,570
2018-12-12$12.84$12.5027.2%7.8%19.9%23.0%27.5%4.8%4.6%-100.2K697.2K-4.8K1.0887.44N/AN/A6006503,2703,990
2018-12-13$12.83$12.5026.9%7.7%19.7%22.2%28.3%4.0%3.5%-99.2K675.8K-5.4K1.2983.40N/AN/A7009003,5704,040
2018-12-14$12.64$12.5029.4%8.4%20.0%29.6%28.9%5.5%3.3%-155.1K1.3M-6.4K1.2984.11N/AN/A7009003,5804,640
2018-12-17$12.27$12.5029.7%8.5%22.4%30.6%29.3%8.0%2.9%-159.0K1.9M-5.6K0.0084.52N/AN/A02203,7704,640
2018-12-18$12.36$12.5029.5%8.5%21.8%30.0%29.6%4.4%1.8%-185.5K1.8M-5.8K0.0082.87N/AN/A02203,7704,830
2018-12-19$12.27$12.5028.7%8.2%21.7%27.6%29.4%-0.9%4.8%-184.4K2.0M-5.8K0.0092.27N/AN/A02203,7704,830
2018-12-20$12.10$12.5031.0%8.9%21.3%34.4%33.7%3.1%3.9%-158.3K2.3M-5.5K1.6083.11N/AN/A2003203,7704,830
2018-12-21$11.64$12.5034.9%10.0%24.9%46.1%36.5%5.3%-1.0%-48.8K2.6M-4.7K0.8887.35N/AN/A2602303,9704,700
2018-12-24$11.77$12.5040.0%11.5%24.6%61.3%45.8%4.3%-1.0%-38.0K1.1M-5.3K1.2894.89N/AN/A6808702,1802,470
2018-12-26$12.07$12.5035.0%10.0%26.7%46.3%35.5%7.4%1.5%-55.6K1.1M-5.9K0.7682.32N/AN/A6705102,2802,970
2018-12-27$12.49$12.5031.9%9.1%29.0%37.0%35.7%5.8%5.5%-25.8K211.2K-7.0K0.7086.57N/AN/A7305102,8503,070
2018-12-28$12.69$12.5031.6%9.0%29.6%36.2%37.3%6.0%9.0%-19.9K-119.5K-7.0K0.5489.16N/AN/A9405102,9103,070
2018-12-31$12.78$12.5030.1%8.6%29.4%31.6%32.9%5.9%6.9%-10.1K-333.6K-6.6K0.0085.92N/AN/A0203,1203,060