MSTR Options History — July 2019

In July 2019, MSTR traded between $12.16 and $14.14. ATM implied volatility averaged 36.7%, placing in the 51.6% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 7.7% (HV 20d: 44.3%). Max pain ranged from $12.50 to $14.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.83.

Notable Days

  • 2019-07-08: Highest Volume — 11,400 contracts
  • 2019-07-08: Largest IV spike — 46.7% change
  • 2019-07-30: Highest IV Rank — 88.1%
  • 2019-07-30: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.69$12.16$14.14$14.06$13.72
Max Pain$13.09$12.50$14.00$14.00$12.50
ATM IV36.7%24.1%48.0%25.2%27.2%
Expected Move10.8%6.9%13.8%7.2%7.8%
HV 20d44.3%33.2%58.0%33.8%58.0%
HV 60d33.0%26.5%39.6%26.8%39.6%
IV Rank51.6%11.3%88.1%14.7%21.1%
IV Percentile76.8%27.0%98.4%39.7%50.0%
Term Structure-5.3%-13.3%12.2%10.6%-1.4%
VWIV38.3%24.6%48.7%26.2%25.0%
Skew 25d2.3%1.0%5.5%1.8%1.9%
Skew 10d4.4%2.5%9.7%2.7%3.2%
Call IV 25d37.0%23.9%46.2%24.4%25.6%
Put IV 25d39.3%25.0%51.6%26.2%27.5%
Bid-Ask Spread %60.4132.1387.8985.5682.63
Gamma HHI0.320.130.650.190.20
Net GEX-149.1K-553.2K206.9K37.0K206.9K
Net DEX2.7M-2.9M7.0M-401.6K-2.9M
Net VEX-23.8K-34.6K-4.6K-7.8K-34.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.830.109.000.140.55
Total Volume3,350.90920011,4002504,800
Total OI17,642.2739,08025,7509,08020,010

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$14.06$14.0025.2%7.2%33.8%14.7%26.2%1.8%10.6%37.0K-401.6K-7.8K0.1485.56N/AN/A220306,2702,810
2019-07-02$14.06$14.0024.1%6.9%33.3%11.3%24.7%1.0%11.9%28.2K-414.9K-7.6K0.1287.56N/AN/A260306,3702,830
2019-07-03$14.14$14.0024.2%6.9%33.2%11.5%24.6%1.5%12.2%38.2K-615.8K-7.8K0.1087.89N/AN/A290306,4202,830
2019-07-05$14.06$13.5024.4%10.4%33.3%12.2%37.5%2.3%-6.3%21.7K-456.2K-7.3K0.8532.13N/AN/A4603906,4302,830
2019-07-08$12.57$13.0035.8%11.4%52.0%48.8%40.4%3.1%-7.9%-8.0K2.0M-4.6K2.4647.29N/AN/A3,2908,1106,3803,000
2019-07-09$12.39$13.0033.6%11.4%52.1%41.9%41.1%3.7%-8.2%-335.5K5.3M-25.5K2.7148.21N/AN/A2,8207,6309,26011,490
2019-07-10$12.30$13.0037.5%10.7%52.0%54.3%38.6%2.4%-6.5%-553.2K7.0M-27.9K3.2151.23N/AN/A2,3407,51010,50014,130
2019-07-11$12.26$13.0036.9%10.6%51.9%52.5%38.7%2.1%-6.5%-442.0K6.0M-26.8K2.4955.11N/AN/A2,3305,81010,86012,680
2019-07-12$12.27$13.0035.8%10.3%51.9%49.0%37.6%1.2%-5.9%-472.5K6.0M-26.2K2.8655.60N/AN/A2,1406,12010,88012,680
2019-07-15$12.34$13.0037.8%10.8%51.7%55.3%37.8%2.4%-7.5%-424.1K5.1M-25.0K8.0854.39N/AN/A12097010,81012,090
2019-07-16$12.45$13.0037.9%10.9%46.4%55.5%37.2%2.2%-7.4%-211.8K3.9M-24.5K3.7754.65N/AN/A26098010,92011,190
2019-07-17$12.22$13.0038.8%11.1%44.7%58.6%38.2%2.2%-7.7%-343.3K4.8M-23.8K0.5855.71N/AN/A1,8401,06010,94011,180
2019-07-18$12.29$13.0038.7%11.1%44.3%58.1%38.8%2.3%-7.8%-186.4K4.2M-27.3K0.4556.61N/AN/A2,4501,11012,53011,260
2019-07-19$12.23$13.0039.9%11.4%44.1%61.9%39.9%1.6%-8.6%-78.3K3.7M-31.4K0.5656.80N/AN/A2,5001,39014,52011,230
2019-07-22$12.22$13.0041.6%11.9%43.8%67.5%43.2%2.0%-7.6%-83.9K2.3M-30.9K9.0061.68N/AN/A201807,9007,700
2019-07-23$12.16$13.0042.2%12.1%41.3%69.6%43.6%1.9%-8.4%-90.9K2.4M-30.7K0.3959.79N/AN/A4901907,9207,780
2019-07-24$12.26$13.0041.9%12.0%41.5%68.5%44.4%2.0%-8.8%-81.1K2.2M-31.2K0.3758.63N/AN/A5101908,3707,780
2019-07-25$12.21$13.0043.4%12.4%41.5%73.2%44.9%2.1%-9.4%-85.8K2.3M-30.7K0.1660.26N/AN/A570908,3707,780
2019-07-26$12.37$13.0043.7%12.5%41.5%74.4%44.0%1.9%-10.2%-72.6K1.9M-31.1K0.1558.47N/AN/A7401108,4207,780
2019-07-29$12.23$12.5048.0%13.8%41.2%88.1%47.3%2.7%-12.9%-78.1K2.2M-30.3K0.5262.78N/AN/A2101108,5707,800
2019-07-30$12.32$12.5048.0%13.8%41.5%88.1%48.7%5.5%-13.3%-64.3K1.9M-30.6K0.6855.93N/AN/A1,8001,2208,7707,860
2019-07-31$13.72$12.5027.2%7.8%58.0%21.1%25.0%1.9%-1.4%206.9K-2.9M-34.6K0.5582.63N/AN/A3,0901,71010,8109,200