MSTR Options History — May 2019

In May 2019, MSTR traded between $13.23 and $14.13. ATM implied volatility averaged 26.0%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 0.4% (HV 20d: 25.6%). Max pain ranged from $13.50 to $15.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2019-05-14: Highest Volume — 3,760 contracts
  • 2019-05-13: Largest IV spike — 34.5% change
  • 2019-05-13: Highest IV Rank — 46.0%
  • 2019-05-31: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.70$13.23$14.13$14.06$13.23
Max Pain$14.48$13.50$15.00$14.50$13.50
ATM IV26.0%22.6%34.3%22.6%28.5%
Expected Move7.1%6.5%8.2%6.5%8.2%
HV 20d25.6%16.2%29.1%29.1%16.5%
HV 60d24.3%23.1%27.0%27.0%23.2%
IV Rank20.3%9.6%46.0%9.6%28.0%
IV Percentile43.7%11.9%76.6%11.9%59.9%
Term Structure-0.3%-2.4%0.5%0.5%-2.4%
VWIV24.8%22.7%29.0%23.7%26.5%
Skew 25d2.8%2.0%4.3%2.5%3.5%
Skew 10d5.3%3.8%6.6%3.8%6.1%
Call IV 25d23.9%21.2%26.2%21.7%26.0%
Put IV 25d26.7%24.2%29.6%24.2%29.5%
Bid-Ask Spread %72.3157.8189.1089.1076.66
Gamma HHI0.630.430.740.630.71
Net GEX-322.6K-396.2K-244.7K-357.0K-246.9K
Net DEX4.7M3.7M6.1M4.0M5.2M
Net VEX-18.9K-21.2K-15.4K-20.2K-15.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.003.001.363.00
Total Volume78503,7601,63040
Total OI12,60010,11014,38013,13010,640

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$14.06$14.5022.6%6.5%29.1%9.6%23.7%2.5%0.5%-357.0K4.0M-20.2K1.3689.10N/AN/A6909403,12010,010
2019-05-02$14.09$14.5023.8%6.8%28.4%13.5%25.0%2.0%-1.1%-353.4K3.8M-20.6K0.7584.12N/AN/A7505603,24010,090
2019-05-03$14.11$14.5023.1%6.6%27.2%11.2%22.9%2.2%-0.3%-343.4K3.8M-20.3K1.0384.56N/AN/A1,1201,1503,2409,950
2019-05-06$14.13$15.0025.9%7.0%26.6%19.9%0.0%2.9%0.1%-310.3K3.7M-21.1K0.0064.59N/AN/A05703,54010,370
2019-05-07$13.85$15.0028.9%7.1%27.0%29.2%25.6%3.2%0.4%-347.1K4.8M-21.2K1.5265.25N/AN/A5007603,54010,750
2019-05-08$13.86$15.0027.7%7.3%26.9%25.4%24.7%3.2%-0.7%-382.1K5.0M-20.9K1.3367.56N/AN/A5707603,28010,830
2019-05-09$13.78$15.0028.9%7.3%25.8%29.3%25.4%2.8%-0.6%-384.5K5.2M-20.7K1.3363.72N/AN/A5707603,35010,830
2019-05-10$13.86$15.0025.5%7.0%25.7%18.7%0.0%2.2%-0.3%-386.9K4.9M-20.4K0.0067.40N/AN/A0203,35010,820
2019-05-13$13.50$15.0034.3%8.0%25.9%46.0%29.0%3.4%-1.2%-394.1K6.1M-18.9K0.8757.81N/AN/A2302003,35010,820
2019-05-14$13.63$15.0030.5%7.4%26.5%34.1%24.9%2.9%-0.4%-384.3K5.3M-19.3K0.6165.11N/AN/A2,3401,4203,62010,760
2019-05-15$13.65$15.0024.4%7.0%26.2%15.4%0.0%2.2%0.1%-388.7K5.2M-18.9K0.0065.08N/AN/A003,62010,760
2019-05-16$13.80$15.0023.3%6.7%26.2%11.9%25.8%2.4%0.5%-396.2K4.6M-19.1K0.0068.40N/AN/A0103,62010,750
2019-05-17$13.70$15.0024.4%7.0%26.2%15.2%23.6%2.9%0.3%-292.6K4.9M-18.5K0.2070.91N/AN/A50103,62010,740
2019-05-20$13.63$14.5024.5%7.0%26.1%15.6%23.8%2.1%0.4%-286.4K4.6M-18.1K0.0069.43N/AN/A11002,3607,800
2019-05-21$13.72$14.5024.0%6.9%25.9%14.1%22.7%4.3%0.1%-299.3K4.2M-17.9K0.0075.77N/AN/A76002,4107,700
2019-05-22$13.67$14.0024.4%7.0%25.5%15.2%23.3%2.6%-0.1%-267.3K4.0M-19.1K0.0074.35N/AN/A76003,1207,700
2019-05-23$13.38$14.0025.0%7.2%26.1%17.1%24.9%2.5%-0.1%-244.7K4.9M-17.9K0.0073.56N/AN/A76003,1207,700
2019-05-24$13.41$14.0025.1%7.2%25.9%17.5%24.4%2.9%-0.2%-247.8K4.9M-17.7K0.0074.85N/AN/A76003,1207,700
2019-05-28$13.52$13.5025.9%7.4%26.3%20.1%0.0%2.6%-0.7%-264.4K4.3M-17.5K0.0076.84N/AN/A0303,1107,490
2019-05-29$13.43$13.5026.3%7.5%26.3%21.2%0.0%3.8%-0.6%-257.9K4.6M-17.0K0.0076.05N/AN/A0303,1107,520
2019-05-30$13.39$13.5025.1%7.2%16.2%17.6%25.1%2.9%-0.2%-261.5K4.9M-16.1K3.0079.60N/AN/A10303,1107,520
2019-05-31$13.23$13.5028.5%8.2%16.5%28.0%26.5%3.5%-2.4%-246.9K5.2M-15.4K3.0076.66N/AN/A10303,1207,520