MSTR Options History — July 2020

In July 2020, MSTR traded between $11.59 and $12.34. ATM implied volatility averaged 39.3%, placing in the 30.5% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 12.1% (HV 20d: 27.2%). Max pain ranged from $11.50 to $13.50. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.48.

Notable Days

  • 2020-07-15: Highest Volume — 2,850 contracts
  • 2020-07-13: Largest IV spike — 25.4% change
  • 2020-07-14: Highest IV Rank — 51.6%
  • 2020-07-20: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.91$11.59$12.34$11.82$12.34
Max Pain$11.73$11.50$13.50$12.50$12.00
ATM IV39.3%29.9%51.9%30.7%30.8%
Expected Move11.2%8.6%13.8%8.8%8.8%
HV 20d27.2%19.4%33.9%33.9%28.2%
HV 60d35.8%34.5%38.2%38.2%34.7%
IV Rank30.5%14.6%51.6%15.9%16.1%
IV Percentile68.8%46.0%91.3%47.6%46.8%
Term Structure-1.7%-9.3%11.4%9.4%2.8%
VWIV45.5%31.7%108.7%39.5%31.7%
Skew 25d5.2%-5.9%12.8%-2.4%0.0%
Skew 10d14.8%-3.9%34.3%-3.9%3.8%
Call IV 25d38.8%32.1%41.8%37.4%35.1%
Put IV 25d44.0%32.7%52.4%34.9%35.2%
Bid-Ask Spread %84.6473.2699.9898.7697.04
Gamma HHI0.220.130.400.210.31
Net GEX393-30.1K100.7K-17.0K75.5K
Net DEX857.8K-118.4K1.3M1.3M47.9K
Net VEX-4.8K-7.2K-3.9K-3.9K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.007.000.000.28
Total Volume544.09102,850210320
Total OI3,677.7272,6105,0203,5905,020

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$11.82$12.5030.7%8.8%33.9%15.9%0.0%-2.4%9.4%-17.0K1.3M-3.9K0.0098.76N/AN/A21001,6001,990
2020-07-02$11.80$12.5031.9%9.2%30.9%18.0%0.0%-1.5%11.4%-13.7K1.1M-4.7K0.0099.98N/AN/A001,8001,990
2020-07-06$12.01$13.5035.4%11.2%31.7%23.9%39.5%10.5%-0.3%-11.0K1.0M-4.7K1.8079.35N/AN/A9601,7301,8001,990
2020-07-07$11.79$11.5037.1%11.4%31.9%26.8%0.0%7.2%-1.2%-20.6K1.3M-4.6K0.0079.14N/AN/A001,8002,160
2020-07-08$11.78$11.5038.3%11.8%31.9%28.8%53.3%12.8%-4.2%-21.6K1.3M-4.6K0.0083.19N/AN/A0101,8002,160
2020-07-09$11.72$11.5038.7%12.2%31.7%29.4%0.0%6.5%-0.7%-25.5K1.3M-4.5K0.0076.79N/AN/A2001,8002,160
2020-07-10$11.75$11.5039.6%11.6%25.0%31.0%0.0%6.6%-1.3%-24.1K1.3M-4.7K0.0080.09N/AN/A001,8102,160
2020-07-13$11.67$11.5049.7%12.3%25.1%48.0%0.0%7.1%-2.2%-27.1K1.2M-4.1K0.0075.12N/AN/A10001,8102,010
2020-07-14$11.59$11.5051.9%12.2%19.4%51.6%41.8%6.4%-4.2%-26.5K1.2M-4.2K0.0073.26N/AN/A0101,9102,010
2020-07-15$12.09$11.5040.8%11.7%25.2%32.9%39.9%5.3%-0.6%-19.7K872.3K-4.7K1.3475.18N/AN/A1,2201,6301,8901,990
2020-07-16$11.81$11.5040.8%11.7%26.4%33.0%0.0%7.2%-3.5%-30.1K1.0M-4.6K0.0076.52N/AN/A002,1002,010
2020-07-17$11.86$11.5043.3%12.4%25.5%37.1%108.7%6.9%-4.1%-1.7K1.1M-4.6K0.0084.13N/AN/A0902,1001,900
2020-07-20$12.04$11.5048.3%13.8%26.1%45.5%0.0%8.7%-9.3%-1.4K679.3K-4.4K7.0091.08N/AN/A10701,1001,510
2020-07-21$12.11$11.5040.4%11.6%26.1%32.2%40.2%5.7%-3.3%-898665.6K-4.5K0.8281.27N/AN/A110901,1101,520
2020-07-22$12.10$11.5040.2%11.5%26.1%31.9%40.4%4.9%-4.5%2.4K609.8K-4.4K0.0082.75N/AN/A2001,2301,500
2020-07-23$12.01$11.5041.3%11.8%23.4%33.8%0.0%7.3%-5.9%2.4K628.9K-4.4K3.3381.40N/AN/A301001,2301,500
2020-07-24$11.68$11.5041.6%11.9%24.8%34.3%0.0%4.6%-2.8%3721.7K-4.5K0.0081.38N/AN/A001,2601,550
2020-07-27$11.79$11.5041.0%11.8%24.8%33.3%42.4%4.5%-5.2%295763.9K-4.3K5.5084.01N/AN/A201101,2601,590
2020-07-28$11.82$11.5042.0%12.1%24.2%35.0%40.1%7.3%-3.3%260787.2K-4.6K0.0591.88N/AN/A2,2401201,2801,650
2020-07-29$12.29$11.5031.7%9.1%27.9%17.5%32.2%5.1%-3.8%100.7K-118.4K-6.9K0.0499.64N/AN/A2,400903,2401,780
2020-07-30$12.21$12.0029.9%8.6%28.1%14.6%36.3%-5.9%0.3%68.2K143.6K-6.8K0.5390.16N/AN/A170902,9701,860
2020-07-31$12.34$12.0030.8%8.8%28.2%16.1%31.7%0.0%2.8%75.5K47.9K-7.2K0.2897.04N/AN/A250703,0701,950