MSTR Options History — December 2019

In December 2019, MSTR traded between $14.24 and $15.26. ATM implied volatility averaged 23.6%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 5.4% (HV 20d: 18.2%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-12-20: Highest Volume — 600 contracts
  • 2019-12-10: Largest IV spike — 8.6% change
  • 2019-12-04: Highest IV Rank — 18.1%
  • 2019-12-04: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.74$14.24$15.26$15.04$14.24
Max Pain$14.21$14.00$15.00$15.00$14.50
ATM IV23.6%22.1%26.2%24.6%24.6%
Expected Move6.7%6.3%7.5%7.1%7.0%
HV 20d18.2%15.6%21.2%17.2%15.8%
HV 60d19.8%18.5%20.9%20.9%18.6%
IV Rank8.5%3.1%18.1%12.2%12.1%
IV Percentile14.3%0.8%42.9%26.6%31.7%
Term Structure4.9%-2.1%8.6%-1.1%7.7%
VWIV23.1%15.8%26.1%24.7%23.7%
Skew 25d2.9%1.6%4.5%2.5%4.0%
Skew 10d6.6%-2.0%18.1%8.9%4.3%
Call IV 25d23.0%21.0%25.1%23.8%23.6%
Put IV 25d25.9%24.3%28.9%26.3%27.6%
Bid-Ask Spread %86.0176.4894.2084.5694.20
Gamma HHI0.450.370.520.430.37
Net GEX191.3K12.8K277.9K204.2K165.2K
Net DEX-2.1M-3.5M-644.8K-2.8M-736.3K
Net VEX-9.8K-12.2K-7.7K-11.9K-8.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.006.670.000.00
Total Volume1700600100210
Total OI8,971.4298,4909,2908,9309,290

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$15.04$15.0024.6%7.1%17.2%12.2%24.7%2.5%-1.1%204.2K-2.8M-11.9K0.0084.56N/AN/A10004,8004,130
2019-12-03$14.97$15.0025.6%7.3%17.2%15.9%26.1%3.8%0.4%188.7K-2.7M-12.2K6.6786.09N/AN/A302004,9004,130
2019-12-04$15.21$15.0026.2%7.5%17.8%18.1%26.0%3.7%-2.1%224.6K-3.3M-12.2K1.0081.45N/AN/A2002004,9004,230
2019-12-05$14.97$14.0024.6%7.0%18.5%12.2%24.5%3.0%3.4%183.5K-2.6M-11.9K0.0076.48N/AN/A1004,7004,230
2019-12-06$15.21$14.0023.5%6.7%19.3%8.1%23.3%2.2%4.5%215.6K-3.2M-11.6K2.0085.37N/AN/A20404,7104,230
2019-12-09$15.26$14.0022.7%6.4%19.3%5.3%0.0%3.4%5.2%249.8K-3.5M-10.9K0.0082.11N/AN/A004,7204,170
2019-12-10$15.25$14.0024.7%6.8%19.3%12.4%23.8%2.3%3.7%252.4K-3.4M-10.8K1.0081.15N/AN/A30304,7204,170
2019-12-11$15.03$14.0023.5%6.7%19.4%8.2%0.0%3.5%4.7%225.1K-2.8M-10.7K0.0088.39N/AN/A22004,7304,190
2019-12-12$14.72$14.0024.8%7.1%20.5%12.8%0.0%1.6%3.6%170.4K-2.1M-10.9K0.0086.90N/AN/A3004,8104,190
2019-12-13$14.56$14.0022.9%6.6%20.7%6.0%18.5%2.7%5.8%152.1K-1.7M-10.2K0.0084.88N/AN/A40004,8104,200
2019-12-16$14.65$14.0023.0%6.6%21.0%6.4%0.0%1.8%5.6%155.0K-1.9M-9.7K0.0088.10N/AN/A1005,1004,170
2019-12-17$14.73$14.0022.8%6.5%21.2%5.4%15.8%2.6%6.3%171.2K-2.1M-9.6K0.0089.54N/AN/A31005,1004,170
2019-12-18$14.57$14.0022.6%6.5%20.1%5.0%0.0%1.8%5.8%125.0K-1.7M-9.1K0.0088.94N/AN/A004,9904,170
2019-12-19$14.61$14.0023.3%6.7%18.9%7.5%22.8%3.1%5.3%89.1K-1.7M-9.2K0.2984.85N/AN/A70204,9904,170
2019-12-20$14.51$14.0022.4%6.4%16.5%4.2%23.0%2.9%4.8%12.8K-1.3M-8.5K0.0084.68N/AN/A60004,9404,190
2019-12-23$14.42$14.0022.6%6.5%16.0%4.9%0.0%2.7%7.4%251.7K-1.5M-8.0K0.0080.14N/AN/A004,9103,580
2019-12-24$14.44$14.0022.1%6.3%15.6%3.1%0.0%2.0%8.5%265.8K-1.6M-8.0K0.0090.34N/AN/A004,9103,580
2019-12-26$14.50$14.0022.2%6.4%15.8%3.3%23.5%4.5%8.6%277.9K-1.6M-7.7K0.0089.84N/AN/A02004,9103,580
2019-12-27$14.45$14.5023.0%6.6%15.7%6.4%0.0%3.7%8.0%257.1K-1.4M-7.9K0.0090.77N/AN/A06004,9103,780
2019-12-30$14.26$14.5023.5%6.8%15.8%8.4%24.6%3.1%7.5%181.1K-644.8K-7.7K0.0087.42N/AN/A4004,9104,380
2019-12-31$14.24$14.5024.6%7.0%15.8%12.1%23.7%4.0%7.7%165.2K-736.3K-8.0K0.0094.20N/AN/A21004,9104,380