MSTR Options History — January 2020

In January 2020, MSTR traded between $14.27 and $15.36. ATM implied volatility averaged 30.1%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 15.7% (HV 20d: 14.4%). Max pain ranged from $13.50 to $14.50. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.35.

Notable Days

  • 2020-01-29: Highest Volume — 1,370 contracts
  • 2020-01-29: Largest IV drop — 36.0% change
  • 2020-01-28: Highest IV Rank — 68.5%
  • 2020-01-28: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.57$14.27$15.36$14.38$15.27
Max Pain$13.98$13.50$14.50$14.50$14.50
ATM IV30.1%22.0%40.0%22.9%23.9%
Expected Move9.4%6.3%11.5%6.6%6.9%
HV 20d14.4%10.2%26.4%16.4%26.4%
HV 60d18.2%14.8%20.5%18.7%20.5%
IV Rank32.2%2.8%68.5%6.2%9.7%
IV Percentile55.8%0.8%92.9%7.5%24.2%
Term Structure-3.2%-7.6%9.5%9.4%-0.1%
VWIV33.3%22.7%42.3%22.7%25.5%
Skew 25d3.3%2.7%4.3%3.0%3.4%
Skew 10d7.7%1.1%12.5%6.7%8.4%
Call IV 25d32.2%22.0%40.6%22.9%25.0%
Put IV 25d35.6%25.2%44.0%25.9%28.3%
Bid-Ask Spread %67.9250.2195.6281.3890.27
Gamma HHI0.340.180.530.450.26
Net GEX144.8K-8.7K424.6K223.5K59.4K
Net DEX-613.9K-1.2M-38.4K-806.8K-773.2K
Net VEX-5.7K-7.3K-4.5K-7.3K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.350.0015.500.170.13
Total Volume218.09501,370100170
Total OI6,868.5712,09010,0809,3903,840

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$14.38$14.5022.9%6.6%16.4%6.2%22.7%3.0%9.4%223.5K-806.8K-7.3K0.0081.38N/AN/A01005,0104,380
2020-01-03$14.34$14.5023.2%6.6%15.0%7.0%23.2%2.9%9.5%199.0K-640.9K-7.3K0.1795.62N/AN/A120205,0104,490
2020-01-06$14.46$13.5025.8%9.6%14.7%16.7%0.0%3.7%-4.9%259.2K-979.4K-7.2K7.0050.21N/AN/A201405,1304,510
2020-01-07$14.38$13.5027.2%9.8%13.2%21.7%0.0%3.6%-4.4%219.2K-685.2K-6.9K0.7157.87N/AN/A70505,1504,630
2020-01-08$14.43$13.5026.2%9.5%13.2%18.0%39.1%4.1%-4.1%251.5K-819.5K-6.9K0.0053.33N/AN/A0305,2204,680
2020-01-09$14.39$13.5025.5%9.8%13.1%15.6%34.8%3.5%-4.4%211.9K-545.1K-6.5K0.0062.41N/AN/A6005,2204,720
2020-01-10$14.27$13.5022.7%9.5%12.6%5.3%32.3%2.7%-4.0%134.6K-175.1K-5.8K0.0056.76N/AN/A7005,2904,720
2020-01-13$14.46$13.5025.7%9.9%11.9%16.1%0.0%4.3%-5.7%259.4K-660.4K-5.6K0.0053.70N/AN/A005,3104,720
2020-01-14$14.46$13.5029.1%10.0%11.3%28.7%41.0%3.1%-5.7%246.9K-608.2K-5.4K0.0062.96N/AN/A5005,3104,720
2020-01-15$14.58$13.5034.6%9.9%11.5%49.0%0.0%3.6%-5.7%392.7K-1.1M-5.2K0.0079.72N/AN/A005,3404,720
2020-01-16$14.65$13.5035.2%10.1%11.4%50.9%35.7%2.8%-6.6%424.6K-1.1M-4.7K0.6374.02N/AN/A3202005,3404,720
2020-01-17$14.62$13.5032.0%9.2%10.8%39.5%32.4%3.1%-4.4%46.7K-1.2M-4.5K0.0061.63N/AN/A21005,4604,620
2020-01-21$14.57$13.5037.9%10.9%10.8%61.0%39.5%3.4%-4.8%10.4K-333.2K-4.8K15.5062.60N/AN/A203101,110980
2020-01-22$14.57$14.5037.8%10.8%10.5%60.4%35.5%2.8%-6.5%-1.3K-205.8K-5.2K10.0062.49N/AN/A101001,1301,290
2020-01-23$14.59$14.5036.7%10.5%10.2%56.6%35.1%4.1%-6.5%-2.8K-194.8K-5.2K1.0059.34N/AN/A10101,1401,390
2020-01-24$14.32$14.5037.4%10.7%12.3%59.2%36.0%3.1%-5.0%-8.7K-38.4K-5.1K0.0967.74N/AN/A110101,1401,390
2020-01-27$14.31$14.5039.9%11.4%12.2%68.4%42.3%2.7%-7.6%-6.1K-61.7K-5.0K0.0061.75N/AN/A0601,2501,390
2020-01-28$14.36$14.5040.0%11.5%12.2%68.5%42.1%3.4%-7.2%-3.4K-102.2K-5.0K1.5154.70N/AN/A3505301,2501,380
2020-01-29$15.36$14.5025.6%7.3%26.3%15.7%24.3%3.7%0.2%54.0K-997.5K-4.9K0.3289.35N/AN/A1,0403301,5601,720
2020-01-30$15.27$14.5022.0%6.3%26.4%2.8%24.2%3.2%1.3%69.4K-817.4K-5.7K0.5088.57N/AN/A40201,9701,890
2020-01-31$15.27$14.5023.9%6.9%26.4%9.7%25.5%3.4%-0.1%59.4K-773.2K-5.7K0.1390.27N/AN/A150201,9501,890