MSTR Options History — February 2019

In February 2019, MSTR traded between $12.81 and $14.61. ATM implied volatility averaged 23.9%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 13.0% (HV 20d: 36.9%). Max pain ranged from $12.50 to $13.50. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 2.00.

Notable Days

  • 2019-02-01: Highest Volume — 4,550 contracts
  • 2019-02-26: Largest IV spike — 8.2% change
  • 2019-02-05: Highest IV Rank — 19.9%
  • 2019-02-11: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.80$12.81$14.61$12.81$14.18
Max Pain$12.71$12.50$13.50$12.50$13.50
ATM IV23.9%22.4%26.1%24.6%23.6%
Expected Move6.8%6.4%7.3%6.9%6.8%
HV 20d36.9%27.8%41.2%32.3%27.8%
HV 60d28.7%26.8%29.7%26.8%29.6%
IV Rank13.2%8.7%19.9%15.4%12.4%
IV Percentile21.1%10.3%38.5%24.6%21.0%
Term Structure0.6%-0.7%1.6%1.0%1.0%
VWIV24.5%20.9%29.5%25.1%23.2%
Skew 25d2.4%1.2%6.4%3.9%1.8%
Skew 10d4.7%2.1%14.7%4.2%3.6%
Call IV 25d23.4%20.0%25.2%24.6%23.5%
Put IV 25d25.8%24.1%28.5%28.5%25.3%
Bid-Ask Spread %74.2065.8788.2175.2876.39
Gamma HHI0.250.160.330.190.25
Net GEX152.5K-84.2K376.3K-56.2K256.7K
Net DEX-2.1M-4.9M1.5M1.5M-2.9M
Net VEX-13.8K-16.2K-11.1K-11.7K-15.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.0422.001.381.87
Total Volume1,443.158504,5504,5501,490
Total OI13,458.42110,01017,73013,49011,900

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$12.81$12.5024.6%6.9%32.3%15.4%25.1%3.9%1.0%-56.2K1.5M-11.7K1.3875.28N/AN/A1,9102,6406,5206,970
2019-02-04$12.95$12.5025.3%7.0%31.6%17.5%0.0%2.4%0.2%-61.6K1.1M-11.5K0.0475.59N/AN/A480206,4407,210
2019-02-05$13.24$12.5026.1%7.0%32.4%19.9%27.2%3.5%-0.7%12.4K-152.2K-12.2K0.7773.39N/AN/A7005406,8507,210
2019-02-06$12.87$12.5024.0%6.9%34.0%13.5%24.1%2.5%0.6%-84.2K1.3M-12.5K0.2576.94N/AN/A40106,6807,480
2019-02-07$12.94$12.5023.5%6.7%34.0%12.0%23.4%2.4%1.6%-83.4K1.1M-11.8K0.0574.52N/AN/A190106,6807,490
2019-02-08$13.08$12.5023.8%6.8%34.2%12.9%23.1%3.4%0.4%-56.7K551.6K-11.9K0.0575.15N/AN/A200106,8307,490
2019-02-11$13.70$12.5025.4%7.3%38.1%17.8%25.3%1.2%0.2%66.4K-1.5M-11.1K0.1665.87N/AN/A1,9603106,8107,490
2019-02-12$14.16$12.5023.6%6.8%39.5%12.4%24.2%1.8%0.7%287.8K-4.0M-13.8K0.1268.58N/AN/A2,7803208,4407,700
2019-02-13$14.07$12.5023.2%6.6%39.4%11.0%25.4%2.0%1.0%376.3K-4.3M-15.2K0.1871.00N/AN/A2,3104209,9007,690
2019-02-14$14.08$12.5024.0%6.9%39.4%13.5%24.6%1.6%0.1%374.5K-4.4M-15.1K0.1870.20N/AN/A2,2704209,9407,790
2019-02-15$14.12$12.5023.4%6.7%39.3%11.6%25.0%1.9%0.7%185.5K-4.9M-14.5K0.2173.69N/AN/A2,0104209,8507,790
2019-02-19$14.19$12.5023.4%6.7%39.2%11.8%24.5%1.9%0.8%206.0K-2.8M-13.5K22.0073.86N/AN/A102206,0004,010
2019-02-20$14.11$12.5023.1%6.6%39.3%10.8%25.3%2.3%1.0%196.4K-2.5M-13.9K1.2177.10N/AN/A2402906,0104,230
2019-02-21$14.29$13.0023.1%6.6%39.5%10.9%23.9%1.9%0.9%216.4K-3.1M-14.0K0.3576.54N/AN/A8903106,0904,260
2019-02-22$14.49$13.0022.4%6.4%39.7%8.7%20.9%1.5%1.0%286.0K-3.9M-15.3K0.3872.86N/AN/A1,1004206,8504,290
2019-02-25$14.61$13.0022.6%6.5%39.7%9.2%29.5%1.9%1.0%298.2K-4.4M-16.2K0.1475.41N/AN/A140207,1404,400
2019-02-26$14.20$13.0024.4%7.0%41.1%14.7%24.4%1.3%0.1%250.7K-3.1M-15.5K4.9569.30N/AN/A1909407,1304,400
2019-02-27$14.13$13.5024.4%7.0%41.2%14.8%22.2%6.4%0.1%226.3K-2.6M-15.7K3.7688.21N/AN/A2509407,1904,560
2019-02-28$14.18$13.5023.6%6.8%27.8%12.4%23.2%1.8%1.0%256.7K-2.9M-15.9K1.8776.39N/AN/A5209707,3404,560