MSTR Options History — November 2019

In November 2019, MSTR traded between $15.02 and $15.80. ATM implied volatility averaged 23.8%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 3.3% (HV 20d: 20.6%). Max pain ranged from $14.50 to $15.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.20.

Notable Days

  • 2019-11-04: Highest Volume — 600 contracts
  • 2019-11-11: Largest IV spike — 21.6% change
  • 2019-11-11: Highest IV Rank — 29.8%
  • 2019-11-21: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.47$15.02$15.80$15.37$15.11
Max Pain$14.80$14.50$15.50$15.00$15.00
ATM IV23.8%21.3%30.2%22.5%23.7%
Expected Move6.6%6.1%7.2%6.4%6.8%
HV 20d20.6%16.7%24.4%22.3%17.1%
HV 60d23.2%21.0%23.9%23.8%21.0%
IV Rank7.4%0.0%29.8%0.3%8.8%
IV Percentile13.3%0.0%65.9%0.8%11.9%
Term Structure0.1%-0.7%1.4%1.3%-0.7%
VWIV23.6%21.0%25.7%22.0%25.7%
Skew 25d2.9%1.3%4.8%1.3%1.6%
Skew 10d4.0%-5.9%10.5%2.5%1.4%
Call IV 25d22.8%21.3%26.2%22.8%24.4%
Put IV 25d25.7%23.5%29.2%24.1%25.9%
Bid-Ask Spread %84.9373.17100.74100.7490.99
Gamma HHI0.360.300.470.310.39
Net GEX247.6K183.1K349.9K235.4K193.0K
Net DEX-4.2M-5.6M-2.9M-4.0M-3.0M
Net VEX-14.3K-16.9K-12.6K-16.9K-12.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.001.500.610.00
Total Volume163.506003700
Total OI10,607.58,66012,33011,9108,930

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$15.37$15.0022.5%6.4%22.3%0.3%22.0%1.3%1.3%235.4K-4.0M-16.9K0.61100.74N/AN/A2301405,9205,990
2019-11-04$15.38$14.5024.1%6.8%22.2%6.6%0.0%3.3%-0.2%254.1K-4.1M-16.8K0.0379.32N/AN/A580206,0605,990
2019-11-05$15.55$14.5023.6%6.8%19.5%4.7%0.0%4.1%-0.2%284.9K-4.7M-16.0K0.1873.17N/AN/A500906,0506,010
2019-11-06$15.50$14.5024.2%6.6%19.6%6.8%22.8%2.9%0.4%269.7K-4.3M-15.7K0.0476.17N/AN/A230105,8406,040
2019-11-07$15.62$14.5023.7%6.3%19.3%5.0%0.0%3.4%0.4%306.7K-4.9M-15.1K0.0076.36N/AN/A5006,0706,050
2019-11-08$15.59$15.5024.8%6.5%19.4%9.3%0.0%2.6%0.0%288.2K-4.6M-15.1K0.0078.07N/AN/A6006,0206,150
2019-11-11$15.61$15.5030.2%6.5%19.4%29.8%0.0%4.8%0.2%307.6K-4.7M-14.6K0.3380.44N/AN/A30106,0206,100
2019-11-12$15.77$15.5025.9%6.4%19.3%13.3%0.0%2.5%0.3%300.3K-5.3M-13.9K0.1583.82N/AN/A200306,0206,100
2019-11-13$15.74$15.5023.2%6.6%19.3%3.0%0.0%1.8%0.3%323.9K-5.4M-13.6K0.0086.39N/AN/A10006,0706,130
2019-11-14$15.72$14.5023.5%6.7%19.4%4.1%0.0%3.7%-0.1%349.9K-5.4M-14.0K0.0080.69N/AN/A006,1806,130
2019-11-15$15.64$14.5021.6%6.2%19.3%0.0%0.0%2.3%0.4%255.2K-5.6M-13.3K0.0082.22N/AN/A006,2006,130
2019-11-18$15.55$14.5023.5%6.7%19.6%7.0%23.3%3.0%-0.1%191.7K-4.1M-13.8K0.0087.25N/AN/A5004,6903,970
2019-11-19$15.80$14.5021.3%6.1%19.6%0.0%21.0%2.7%1.4%196.9K-4.6M-13.0K0.0086.07N/AN/A2004,7003,970
2019-11-20$15.44$14.5023.9%6.9%21.8%9.8%23.6%2.6%-0.2%189.1K-3.8M-14.0K0.0087.30N/AN/A2004,7203,970
2019-11-21$15.02$14.5025.2%7.2%24.3%14.4%25.5%3.0%-0.7%183.1K-2.9M-14.1K1.5086.89N/AN/A20304,7003,970
2019-11-22$15.15$14.5023.7%6.8%24.3%8.8%22.8%3.2%-0.1%189.0K-3.2M-13.7K0.0089.61N/AN/A55004,7003,970
2019-11-25$15.28$14.5022.9%6.6%24.4%5.9%25.6%3.7%0.5%209.6K-3.4M-13.1K0.0090.95N/AN/A02004,8003,930
2019-11-26$15.26$15.0022.7%6.5%24.4%5.1%25.7%2.5%0.3%209.5K-3.4M-13.0K0.0091.55N/AN/A01004,8004,130
2019-11-27$15.28$15.0022.8%6.5%16.7%5.5%0.0%3.1%-0.6%214.8K-3.4M-12.6K0.0090.54N/AN/A004,8004,130
2019-11-29$15.11$15.0023.7%6.8%17.1%8.8%0.0%1.6%-0.7%193.0K-3.0M-12.7K0.0090.99N/AN/A004,8004,130