MSTR Options History — August 2019

In August 2019, MSTR traded between $13.26 and $14.37. ATM implied volatility averaged 28.8%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 12.6% (HV 20d: 41.4%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2019-08-01: Highest Volume — 4,240 contracts
  • 2019-08-05: Largest IV spike — 30.0% change
  • 2019-08-12: Highest IV Rank — 50.3%
  • 2019-08-05: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.87$13.26$14.37$13.57$14.37
Max Pain$13.48$13.00$14.00$13.00$13.50
ATM IV28.8%25.0%36.3%27.2%25.0%
Expected Move7.9%7.2%8.8%7.8%7.2%
HV 20d41.4%22.5%58.2%58.0%22.5%
HV 60d40.0%39.4%40.4%39.4%40.3%
IV Rank25.9%11.3%50.3%21.3%11.3%
IV Percentile53.9%30.2%81.3%50.8%30.2%
Term Structure-0.1%-0.9%1.2%-0.3%1.2%
VWIV28.2%23.1%31.4%27.9%27.6%
Skew 25d2.7%1.5%3.3%2.8%1.7%
Skew 10d5.2%4.0%6.3%5.2%4.2%
Call IV 25d26.6%24.3%29.9%26.1%24.4%
Put IV 25d29.3%26.1%32.9%28.9%26.1%
Bid-Ask Spread %66.0648.6179.9078.6779.90
Gamma HHI0.220.180.250.200.25
Net GEX174.5K76.1K311.8K142.3K208.4K
Net DEX-2.3M-4.2M-774.2K-1.9M-3.0M
Net VEX-32.0K-36.2K-28.2K-34.5K-28.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.003.000.590.00
Total Volume484.09104,2404,240100
Total OI18,419.54514,41022,25020,48014,760

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$13.57$13.0027.2%7.8%58.0%21.3%27.9%2.8%-0.3%142.3K-1.9M-34.5K0.5978.67N/AN/A2,6601,58010,9809,500
2019-08-02$13.39$13.0027.8%8.0%58.2%23.0%29.4%3.2%-0.7%105.3K-1.2M-34.0K1.4579.29N/AN/A31045011,2309,510
2019-08-05$13.26$14.0036.1%8.8%41.5%49.9%30.3%2.9%-0.9%76.1K-774.2K-34.6K0.4652.33N/AN/A52024011,5009,580
2019-08-06$13.39$13.5032.9%8.4%41.1%39.5%0.0%3.2%-0.5%117.7K-1.4M-34.4K0.0052.22N/AN/A05011,6109,630
2019-08-07$13.89$13.5033.8%8.7%42.4%42.4%29.5%3.2%-0.4%224.8K-3.3M-36.2K0.4148.61N/AN/A76031011,6109,650
2019-08-08$14.08$13.5029.8%8.2%42.4%29.7%28.6%2.5%-0.2%309.3K-4.2M-36.2K0.0654.17N/AN/A1601012,1409,850
2019-08-09$14.06$13.5028.7%8.1%42.4%26.2%29.2%3.0%0.2%311.8K-4.1M-35.5K0.0056.87N/AN/A250012,1209,850
2019-08-12$14.05$13.5036.3%8.5%42.5%50.3%30.6%2.8%-0.2%292.1K-4.0M-35.0K0.0055.24N/AN/A06012,0709,740
2019-08-13$13.87$13.5031.0%7.9%43.0%33.3%27.5%3.3%0.1%232.0K-3.2M-34.0K0.0061.22N/AN/A036012,0709,780
2019-08-14$13.80$13.5028.9%8.3%42.3%26.5%31.4%2.6%-0.7%208.3K-2.8M-33.9K0.3558.03N/AN/A1,19042012,07010,180
2019-08-15$13.66$13.5029.0%8.3%42.7%26.9%27.8%3.3%-0.5%161.5K-1.9M-31.8K3.0064.44N/AN/A206011,56010,580
2019-08-16$13.69$13.5027.3%7.8%42.6%21.6%0.0%2.6%-0.5%154.6K-2.1M-30.6K0.0063.15N/AN/A40011,56010,560
2019-08-19$14.03$13.5026.0%7.5%43.0%17.4%0.0%3.3%0.2%137.9K-1.9M-30.5K0.0065.51N/AN/A5007,4606,950
2019-08-20$14.08$13.5026.4%7.6%42.8%18.7%0.0%2.7%-0.0%144.7K-2.0M-30.5K0.3370.77N/AN/A30107,4606,950
2019-08-21$14.11$13.5025.3%7.2%42.9%14.7%26.0%2.0%0.9%151.1K-2.2M-29.6K0.1972.05N/AN/A310607,5306,950
2019-08-22$14.18$13.5026.0%7.4%42.7%16.5%23.1%2.1%0.1%167.3K-2.4M-29.6K0.0071.57N/AN/A6007,6306,950
2019-08-23$13.79$13.5027.4%7.8%44.4%20.4%25.5%1.5%0.1%110.9K-1.2M-29.8K0.1673.18N/AN/A320507,6906,950
2019-08-26$13.95$13.5027.3%7.8%44.0%20.3%0.0%2.8%0.0%140.3K-1.9M-29.4K0.0072.79N/AN/A007,8706,880
2019-08-27$13.89$13.5028.2%8.1%44.2%23.4%28.3%2.7%-0.7%130.7K-1.7M-28.5K0.0073.90N/AN/A0107,8706,880
2019-08-28$13.95$13.5027.4%7.9%22.7%20.7%0.0%2.8%0.3%138.0K-1.8M-28.9K0.0073.47N/AN/A007,8706,890
2019-08-29$14.15$13.5026.3%7.5%22.8%15.8%27.6%2.3%0.5%173.8K-2.4M-28.2K0.0076.04N/AN/A20007,8706,890
2019-08-30$14.37$13.5025.0%7.2%22.5%11.3%0.0%1.7%1.2%208.4K-3.0M-28.3K0.0079.90N/AN/A01007,8706,890