MSTR Options History — April 2019

In April 2019, MSTR traded between $14.41 and $15.08. ATM implied volatility averaged 33.6%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 11.2% (HV 20d: 22.4%). Max pain ranged from $14.50 to $15.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2019-04-26: Highest Volume — 2,610 contracts
  • 2019-04-10: Largest IV spike — 46.1% change
  • 2019-04-30: Highest IV Rank — 76.5%
  • 2019-04-30: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.79$14.41$15.08$14.69$14.94
Max Pain$14.81$14.50$15.00$15.00$14.50
ATM IV33.6%23.7%44.1%23.7%44.1%
Expected Move10.6%9.6%12.7%9.6%12.7%
HV 20d22.4%19.3%24.9%22.5%19.3%
HV 60d28.0%23.7%29.2%27.9%23.7%
IV Rank43.9%13.0%76.5%13.1%76.5%
IV Percentile68.9%25.4%96.8%25.4%96.8%
Term Structure-6.4%-13.2%9.8%9.7%-13.2%
VWIV38.8%35.6%45.3%35.6%45.3%
Skew 25d3.1%1.3%4.5%1.9%4.4%
Skew 10d5.5%2.7%8.2%3.9%8.2%
Call IV 25d35.0%23.1%42.9%23.1%42.9%
Put IV 25d38.1%24.8%47.3%25.1%47.3%
Bid-Ask Spread %40.2930.9850.4531.6341.97
Gamma HHI0.390.240.550.260.49
Net GEX53.3K-202.7K458.2K143.5K-202.7K
Net DEX-379.6K-3.1M1.8M-1.4M1.7M
Net VEX-23.7K-27.9K-20.9K-27.8K-21.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.305.832.440.52
Total Volume1,129.048502,610860850
Total OI17,368.57110,46021,23019,58012,420

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$14.69$15.0023.7%9.6%22.5%13.1%35.6%1.9%9.7%143.5K-1.4M-27.8K2.4431.63N/AN/A2506108,45011,130
2019-04-02$14.58$15.0023.7%9.6%22.7%13.1%35.9%1.3%9.8%105.9K-755.6K-27.9K1.0032.54N/AN/A6106108,50011,480
2019-04-03$14.81$15.0023.7%9.6%22.6%13.0%36.3%2.6%-5.9%182.0K-2.0M-27.6K1.0333.43N/AN/A6106308,50011,480
2019-04-04$14.45$15.0025.2%9.9%24.7%17.8%36.5%2.6%-6.1%51.6K-112.9K-27.2K1.9130.98N/AN/A3306308,50011,500
2019-04-05$14.65$15.0024.2%9.9%24.9%14.6%37.0%2.9%-6.2%127.2K-1.0M-26.8K1.9133.96N/AN/A3306308,50011,500
2019-04-08$14.41$15.0025.8%10.1%23.6%19.6%0.0%2.7%-6.4%30.1K194.0K-25.9K0.0035.46N/AN/A0508,50011,500
2019-04-09$14.46$15.0024.4%10.1%22.8%15.4%37.3%2.5%-6.3%34.9K46.1K-24.9K0.0039.18N/AN/A02908,50011,500
2019-04-10$14.74$15.0035.7%10.2%22.9%50.4%37.4%2.8%-7.1%188.6K-1.4M-24.7K5.8337.49N/AN/A603508,50011,730
2019-04-11$14.84$15.0034.9%10.0%23.0%47.9%37.6%2.8%-6.9%238.2K-1.8M-24.3K1.1738.38N/AN/A3604208,50011,780
2019-04-12$15.07$15.0035.3%10.1%23.6%49.1%38.1%2.3%-7.2%384.3K-3.1M-23.6K0.5337.41N/AN/A8004208,61011,840
2019-04-15$14.97$15.0036.5%10.5%23.6%53.0%36.2%2.7%-8.2%413.9K-2.6M-22.7K0.4439.35N/AN/A2701208,75011,890
2019-04-16$15.08$15.0036.2%10.4%23.6%51.8%36.4%2.7%-7.8%458.2K-3.1M-22.4K0.5239.76N/AN/A6703508,62012,010
2019-04-17$14.79$15.0036.2%10.4%24.8%52.0%37.7%2.6%-8.0%235.1K-1.2M-22.9K0.3043.15N/AN/A1,2103608,98012,220
2019-04-18$14.71$14.5037.4%10.7%24.4%55.8%39.1%3.2%-8.8%-177.2K-800.4K-22.4K0.4143.73N/AN/A1,2105009,00012,230
2019-04-22$14.74$14.5039.1%11.2%19.9%60.9%38.4%4.4%-8.0%-183.7K1.5M-21.3K0.4648.62N/AN/A3701702,3108,150
2019-04-23$14.88$14.5038.5%11.0%20.1%59.0%40.2%3.7%-8.5%-169.3K1.1M-21.0K0.3344.79N/AN/A1,4404802,6708,320
2019-04-24$15.02$14.5039.4%11.3%20.3%61.7%40.7%3.8%-9.3%-166.0K1.3M-20.9K0.4346.50N/AN/A1,5306602,5408,670
2019-04-25$14.87$14.5039.3%11.3%20.5%61.7%42.2%3.7%-8.9%-187.5K1.8M-21.0K0.7047.39N/AN/A1,5101,0502,6408,920
2019-04-26$14.94$14.5039.9%11.4%20.5%63.5%42.4%4.3%-10.0%-191.3K1.7M-21.1K0.7349.97N/AN/A1,5101,1002,6409,190
2019-04-29$14.95$14.5042.7%12.2%20.4%72.1%45.2%4.5%-11.7%-196.2K1.7M-20.9K2.6050.45N/AN/A1002602,6409,430
2019-04-30$14.94$14.5044.1%12.7%19.3%76.5%45.3%4.4%-13.2%-202.7K1.7M-21.0K0.5241.97N/AN/A5602902,7309,690