MSTR Options History — March 2019

In March 2019, MSTR traded between $13.70 and $14.96. ATM implied volatility averaged 24.4%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 0.1% (HV 20d: 24.5%). Max pain ranged from $13.00 to $15.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 14.92.

Notable Days

  • 2019-03-22: Highest Volume — 6,230 contracts
  • 2019-03-12: Largest IV drop — 15.1% change
  • 2019-03-11: Highest IV Rank — 25.2%
  • 2019-03-29: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.40$13.70$14.96$14.24$14.41
Max Pain$13.79$13.00$15.50$13.50$15.00
ATM IV24.4%22.4%27.9%23.9%22.7%
Expected Move8.3%6.8%9.4%6.8%9.4%
HV 20d24.5%21.6%29.2%27.5%23.3%
HV 60d28.9%27.6%30.1%29.5%27.7%
IV Rank15.1%9.2%25.2%13.1%10.1%
IV Percentile28.9%10.7%54.0%24.2%12.7%
Term Structure5.7%0.2%10.1%0.2%10.1%
VWIV29.4%23.0%34.3%23.0%34.2%
Skew 25d1.9%0.4%2.8%2.0%1.4%
Skew 10d3.6%-0.1%6.6%3.4%2.4%
Call IV 25d23.8%22.2%26.2%22.8%23.2%
Put IV 25d25.7%23.9%27.1%24.8%24.6%
Bid-Ask Spread %48.9323.7689.7078.8933.98
Gamma HHI0.250.190.350.270.26
Net GEX223.7K38.9K517.1K291.6K50.4K
Net DEX-2.8M-7.0M95.4K-3.3M-45.8K
Net VEX-20.5K-30.7K-14.4K-15.7K-29.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.920.1699.332.288.11
Total Volume1,896.6675006,2301,410820
Total OI15,53012,36019,57012,36019,550

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$14.24$13.5023.9%6.8%27.5%13.1%23.0%2.0%0.2%291.6K-3.3M-15.7K2.2878.89N/AN/A4309807,7604,600
2019-03-04$13.92$13.5026.0%7.5%29.2%19.6%26.0%2.1%3.3%209.4K-2.2M-14.8K1.7286.08N/AN/A3906707,7704,600
2019-03-05$13.88$13.5025.4%7.3%29.2%17.7%25.5%1.9%3.4%198.7K-2.2M-15.1K0.2889.70N/AN/A3901108,0504,820
2019-03-06$13.72$13.5026.4%7.6%28.7%20.7%25.7%1.9%3.1%153.1K-1.6M-14.4K0.1686.05N/AN/A490808,0504,830
2019-03-07$13.70$13.5025.7%7.4%26.4%18.7%26.7%2.0%3.5%150.4K-1.8M-15.1K0.2084.53N/AN/A6901408,3504,850
2019-03-08$13.81$13.5024.6%7.0%26.5%15.2%24.6%2.3%3.5%170.7K-2.1M-15.2K0.1782.69N/AN/A7701308,3204,910
2019-03-11$14.23$13.0027.9%8.1%28.1%25.2%28.0%1.9%3.3%354.2K-3.7M-15.0K1.1523.76N/AN/A2603008,4204,880
2019-03-12$14.48$13.0023.7%7.9%23.7%12.6%28.1%1.8%3.8%441.3K-4.7M-15.4K2.0325.75N/AN/A3807708,2905,180
2019-03-13$14.75$13.0024.6%8.0%21.8%15.3%29.3%0.4%2.8%397.0K-6.0M-16.1K0.5158.63N/AN/A2,1901,1108,4405,790
2019-03-14$14.77$13.0024.5%8.0%21.6%15.5%29.4%2.3%3.5%517.1K-6.6M-17.6K0.6926.48N/AN/A1,4701,01010,0905,990
2019-03-15$14.86$13.0023.6%7.9%21.6%12.8%29.0%2.0%4.1%331.6K-7.0M-16.5K0.7449.40N/AN/A1,6401,22010,0505,990
2019-03-18$14.80$0.0023.6%9.1%21.7%12.7%0.0%2.6%8.2%329.5K-4.5M-17.2K31.6753.42N/AN/A309508,3204,620
2019-03-19$14.73$0.0024.2%9.3%21.8%14.6%0.0%1.6%8.4%297.7K-4.2M-16.7K19.6027.49N/AN/A509808,3405,570
2019-03-20$14.78$0.0023.0%8.9%21.6%11.1%0.0%1.5%7.9%317.7K-4.4M-15.9K99.3332.58N/AN/A605,9608,3605,600
2019-03-21$14.96$0.0022.4%8.9%21.6%9.2%31.1%1.7%8.7%208.0K-2.9M-30.0K75.1330.28N/AN/A806,0108,37010,650
2019-03-22$14.40$15.5023.8%9.0%25.5%13.4%33.1%1.8%7.8%49.1K-175.9K-30.7K28.6733.03N/AN/A2106,0208,41010,660
2019-03-25$14.47$13.0024.7%9.3%25.4%16.3%32.3%2.8%7.9%70.1K-492.8K-30.0K9.3329.98N/AN/A605608,48010,670
2019-03-26$14.49$15.0024.6%9.3%23.2%15.8%34.2%1.7%8.1%61.6K-406.5K-30.1K10.7131.06N/AN/A707508,42010,960
2019-03-27$14.40$15.0023.6%9.3%23.2%12.8%34.3%1.8%8.6%38.9K95.4K-30.0K10.4330.75N/AN/A707308,42011,150
2019-03-28$14.49$15.0023.9%9.3%23.3%13.8%34.2%2.2%8.4%59.6K-293.0K-29.4K10.4332.91N/AN/A707308,42011,130
2019-03-29$14.41$15.0022.7%9.4%23.3%10.1%34.2%1.4%10.1%50.4K-45.8K-29.0K8.1133.98N/AN/A907308,42011,130