MSTR Options History — January 2019

In January 2019, MSTR traded between $12.68 and $13.94. ATM implied volatility averaged 34.5%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 10.2% (HV 20d: 24.3%). Max pain ranged from $11.00 to $14.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.47.

Notable Days

  • 2019-01-31: Highest Volume — 4,220 contracts
  • 2019-01-30: Largest IV drop — 46.4% change
  • 2019-01-29: Highest IV Rank — 83.6%
  • 2019-01-29: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.35$12.68$13.94$12.80$12.68
Max Pain$12.90$11.00$14.00$12.50$13.50
ATM IV34.5%25.4%47.4%28.9%27.4%
Expected Move10.2%7.3%13.6%8.3%7.5%
HV 20d24.3%11.5%32.1%29.1%32.1%
HV 60d23.2%20.9%26.8%23.8%26.8%
IV Rank45.0%17.7%83.6%28.2%23.6%
IV Percentile73.5%32.1%97.2%56.0%47.2%
Term Structure-4.5%-11.9%8.2%8.2%0.1%
VWIV37.1%26.4%48.2%31.7%26.4%
Skew 25d3.9%1.2%5.8%4.9%3.1%
Skew 10d8.1%-8.4%17.2%14.3%5.5%
Call IV 25d35.0%25.6%46.8%29.0%25.6%
Put IV 25d38.8%28.7%52.5%33.9%28.7%
Bid-Ask Spread %68.9949.4592.5390.4171.00
Gamma HHI0.170.130.260.250.20
Net GEX41.7K-155.3K130.0K-7.8K-146.1K
Net DEX-977.7K-2.4M2.7M-411.6K2.7M
Net VEX-9.1K-11.9K-6.0K-6.5K-10.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.065.000.141.22
Total Volume1,304.7621604,2201604,220
Total OI8,942.8576,25012,0706,25012,070

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$12.80$12.5028.9%8.3%29.1%28.2%31.7%4.9%8.2%-7.8K-411.6K-6.5K0.1490.41N/AN/A140203,1803,070
2019-01-03$12.73$11.0032.5%10.9%26.7%39.0%33.6%5.8%-5.8%-12.0K-301.7K-6.5K0.1356.34N/AN/A160203,2603,070
2019-01-04$13.01$11.0029.7%10.7%27.7%30.6%36.6%4.4%-5.8%4.5K-738.6K-6.4K0.0849.45N/AN/A380303,2803,070
2019-01-07$13.13$12.5031.2%10.6%27.8%35.0%34.4%4.6%-4.0%18.1K-1.1M-6.0K0.0658.89N/AN/A890503,5003,080
2019-01-08$13.21$12.5030.3%10.6%27.8%32.4%35.6%4.5%-5.8%56.0K-1.5M-7.4K0.1360.94N/AN/A1,1801504,5403,130
2019-01-09$13.18$12.5036.1%10.3%27.9%49.6%38.8%4.9%-4.7%59.1K-1.6M-8.0K1.3972.89N/AN/A1,1801,6404,6603,230
2019-01-10$13.24$13.0037.0%10.6%27.6%52.5%38.2%3.9%-4.7%34.6K-1.4M-8.9K1.0763.24N/AN/A1,6601,7804,6604,370
2019-01-11$13.37$13.0034.4%9.9%27.7%44.6%36.4%3.3%-4.3%65.9K-1.7M-9.1K1.3863.20N/AN/A1,6602,2905,1504,620
2019-01-14$13.26$13.0033.9%9.7%27.9%43.1%36.9%5.3%-4.3%80.8K-1.7M-9.5K2.8065.76N/AN/A501405,5004,840
2019-01-15$13.43$13.0033.8%9.7%27.4%42.8%37.5%3.8%-3.9%109.0K-2.2M-9.6K3.5764.81N/AN/A702505,5504,980
2019-01-16$13.38$13.0034.7%9.9%24.7%45.5%38.1%4.1%-5.7%130.0K-2.1M-9.3K3.1363.72N/AN/A802505,5705,080
2019-01-17$13.52$13.0034.4%9.9%24.8%44.8%37.6%2.5%-4.6%119.8K-2.4M-9.2K5.0076.28N/AN/A804005,5705,080
2019-01-18$13.64$13.0033.7%9.7%24.4%42.4%33.9%3.6%-4.6%65.3K-2.4M-9.4K1.0868.70N/AN/A3704005,4405,230
2019-01-22$13.73$13.0040.4%11.6%23.4%62.6%38.4%3.6%-7.0%77.6K-1.1M-9.5K0.1982.13N/AN/A260503,8003,890
2019-01-23$13.80$13.0036.4%10.4%16.3%50.7%41.4%1.2%-5.8%88.7K-1.1M-9.7K0.3375.80N/AN/A3901304,0303,940
2019-01-24$13.84$13.0037.0%10.6%16.4%52.2%41.7%3.6%-5.3%94.2K-1.2M-10.7K0.4273.84N/AN/A4001704,2704,080
2019-01-25$13.94$13.5037.1%10.7%15.1%52.8%39.6%1.2%-5.6%105.5K-1.4M-10.5K2.0074.52N/AN/A5601,1204,3004,120
2019-01-28$13.89$14.0043.2%12.4%11.7%70.8%46.0%3.8%-9.6%50.3K-765.1K-11.3K1.1765.72N/AN/A2302704,4005,150
2019-01-29$13.82$14.0047.4%13.6%11.5%83.6%48.2%5.7%-11.9%38.3K-727.5K-11.9K3.2358.58N/AN/A2608404,5005,290
2019-01-30$12.76$14.0025.4%7.3%32.1%17.7%27.5%3.6%0.6%-155.3K2.7M-10.2K2.3192.53N/AN/A9602,2204,6406,610
2019-01-31$12.68$13.5027.4%7.5%32.1%23.6%26.4%3.1%0.1%-146.1K2.7M-10.6K1.2271.00N/AN/A1,9002,3205,2506,820