MSTR Options History — June 2020

In June 2020, MSTR traded between $11.46 and $13.03. ATM implied volatility averaged 37.2%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 5.1% (HV 20d: 42.3%). Max pain ranged from $12.50 to $13.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.81.

Notable Days

  • 2020-06-04: Highest Volume — 2,880 contracts
  • 2020-06-08: Largest IV spike — 59.2% change
  • 2020-06-16: Highest IV Rank — 34.7%
  • 2020-06-16: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.10$11.46$13.03$12.35$11.85
Max Pain$12.59$12.50$13.00$12.50$12.50
ATM IV37.2%25.7%41.9%32.9%32.0%
Expected Move10.7%8.6%12.0%9.4%9.2%
HV 20d42.3%32.9%44.3%34.0%43.7%
HV 60d49.9%39.4%63.9%61.9%39.4%
IV Rank26.9%7.4%34.7%19.6%18.1%
IV Percentile66.5%29.4%78.6%57.1%48.4%
Term Structure1.4%-4.6%6.9%-0.1%6.9%
VWIV38.3%32.8%45.0%32.8%45.0%
Skew 25d7.0%-3.9%14.3%5.6%6.9%
Skew 10d11.4%-11.8%25.4%12.5%-8.6%
Call IV 25d35.4%29.3%44.2%32.6%29.3%
Put IV 25d42.4%35.9%50.3%38.2%36.2%
Bid-Ask Spread %93.9585.5999.8289.5399.35
Gamma HHI0.220.160.420.210.19
Net GEX-33.3K-123.9K2.1K-24.6K-15.4K
Net DEX1.2M407.4K2.1M1.0M1.2M
Net VEX-5.5K-6.7K-4.0K-6.3K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.0014.800.009.00
Total Volume34002,880600
Total OI4,564.5453,4205,7304,5003,590

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$12.35$12.5032.9%9.4%34.0%19.6%32.8%5.6%-0.1%-24.6K1.0M-6.3K0.0089.53N/AN/A6001,7902,710
2020-06-02$12.11$12.5036.2%10.4%32.9%25.2%35.6%4.0%-1.0%-32.3K1.2M-6.2K0.6085.59N/AN/A50301,8002,710
2020-06-03$13.03$12.5029.8%8.6%41.1%14.5%36.8%6.3%0.1%2.1K407.4K-6.6K0.8092.53N/AN/A1501201,8002,680
2020-06-04$12.50$13.0034.8%9.3%44.0%22.9%33.9%7.1%6.3%-22.7K981.2K-6.3K1.6487.11N/AN/A1,0901,7901,8102,800
2020-06-05$12.56$13.0025.7%10.0%44.0%7.4%35.3%10.0%0.8%-14.3K802.1K-6.2K0.2895.14N/AN/A250701,8102,800
2020-06-08$12.67$13.0040.9%10.1%43.8%33.1%0.0%-3.9%3.0%-12.0K653.1K-6.7K1.0089.83N/AN/A60601,9102,810
2020-06-09$12.59$13.0038.6%10.5%43.8%29.2%36.3%3.6%1.3%-11.6K770.6K-6.6K1.3392.58N/AN/A60801,9702,870
2020-06-10$12.40$12.5035.5%10.2%42.4%24.0%0.0%8.9%2.1%-18.0K953.3K-6.5K0.0092.73N/AN/A10002,0302,920
2020-06-11$11.74$12.5040.8%11.7%43.9%33.0%42.2%2.1%0.4%-43.6K1.6M-6.0K14.8093.42N/AN/A507402,1302,920
2020-06-12$11.71$12.5041.5%11.9%43.0%34.1%0.0%8.2%-4.6%-107.3K2.1M-5.8K0.0099.82N/AN/A0302,1803,550
2020-06-15$12.22$12.5039.4%11.3%44.3%30.5%40.9%14.3%2.9%-68.1K1.3M-6.3K0.0093.69N/AN/A17002,0803,520
2020-06-16$12.18$12.5041.9%12.0%42.3%34.7%0.0%7.7%-3.2%-76.5K1.4M-5.7K0.0094.56N/AN/A6002,0703,520
2020-06-17$12.15$12.5040.0%11.5%42.3%31.6%37.7%9.0%0.3%-91.4K1.4M-5.5K0.5094.54N/AN/A20102,0703,520
2020-06-18$11.91$12.5037.7%10.8%42.8%27.8%0.0%8.8%4.4%-123.9K1.8M-4.9K0.0092.48N/AN/A0202,0903,510
2020-06-19$11.89$12.5036.4%10.4%42.8%25.6%0.0%-0.1%3.2%-7.8K1.7M-4.6K0.0095.44N/AN/A1002,0903,510
2020-06-22$11.87$12.5036.6%10.5%42.7%25.9%0.0%12.9%4.4%-8.7K1.0M-4.8K0.0096.00N/AN/A001,5101,920
2020-06-23$11.82$12.5036.3%10.4%42.0%25.4%38.5%6.8%3.3%-11.6K1.2M-4.3K2.2494.50N/AN/A6701,5001,5001,920
2020-06-24$11.46$12.5039.5%11.3%42.8%30.7%44.2%13.0%2.1%-13.7K1.3M-4.0K0.3394.87N/AN/A60201,5101,920
2020-06-25$11.69$12.5040.3%11.5%43.7%32.1%39.1%5.8%-0.9%-10.5K1.2M-4.4K0.0096.18N/AN/A2001,5701,940
2020-06-26$11.60$12.5041.7%12.0%43.6%34.5%45.0%7.6%0.5%-10.7K1.2M-4.2K0.0097.82N/AN/A3001,5901,940
2020-06-29$11.79$12.5040.2%11.5%44.1%32.0%0.0%8.8%-1.5%-10.3K1.1M-4.1K9.0099.28N/AN/A10901,5901,940
2020-06-30$11.85$12.5032.0%9.2%43.7%18.1%0.0%6.9%6.9%-15.4K1.2M-4.3K0.0099.35N/AN/A001,6001,990