MSTR Options History — August 2020

In August 2020, MSTR traded between $12.29 and $14.83. ATM implied volatility averaged 35.1%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 2.1% (HV 20d: 37.2%). Max pain ranged from $12.00 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2020-08-14: Highest Volume — 9,090 contracts
  • 2020-08-11: Largest IV spike — 39.0% change
  • 2020-08-11: Highest IV Rank — 41.9%
  • 2020-08-26: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.79$12.29$14.83$12.33$14.53
Max Pain$13.17$12.00$14.00$12.00$14.00
ATM IV35.1%27.0%46.1%28.9%41.2%
Expected Move9.9%7.7%12.3%8.3%11.8%
HV 20d37.2%26.6%43.7%27.7%41.1%
HV 60d36.0%32.1%38.3%34.6%34.1%
IV Rank23.3%9.6%41.9%12.8%33.6%
IV Percentile56.5%35.7%83.7%42.1%75.8%
Term Structure1.1%-2.4%3.7%1.3%0.9%
VWIV34.9%26.9%43.9%28.2%42.5%
Skew 25d3.2%-8.0%12.0%5.7%11.6%
Skew 10d-2.4%-20.9%10.8%9.9%-12.5%
Call IV 25d35.2%27.3%42.4%28.1%42.4%
Put IV 25d38.4%29.0%53.9%33.8%53.9%
Bid-Ask Spread %86.8880.7298.9889.4288.95
Gamma HHI0.260.150.660.360.16
Net GEX323.3K62.6K1.6M70.3K278.9K
Net DEX-4.5M-10.7M367.1K242.0K-5.1M
Net VEX-26.5K-45.1K-6.1K-6.6K-41.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.003.200.330.38
Total Volume2,084.286409,09040550
Total OI16,793.3334,91031,8204,91020,270

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$12.33$12.0028.9%8.3%27.7%12.8%28.2%5.7%1.3%70.3K242.0K-6.6K0.3389.42N/AN/A30102,9102,000
2020-08-04$12.29$12.0028.3%8.1%26.7%11.9%31.7%1.5%1.0%67.3K282.2K-6.5K0.0094.28N/AN/A0402,9202,010
2020-08-05$12.41$12.0027.0%7.7%26.8%9.6%26.9%4.7%2.7%77.9K187.3K-6.6K0.0087.02N/AN/A13002,9202,050
2020-08-06$12.33$12.0028.1%8.3%26.8%11.5%29.3%5.2%1.6%66.1K202.9K-6.5K3.2084.00N/AN/A501602,9302,050
2020-08-07$12.34$12.0027.7%8.3%26.8%10.8%0.0%6.3%0.6%66.3K367.1K-6.4K0.0080.72N/AN/A25002,9602,160
2020-08-10$12.34$12.0033.2%8.4%26.6%20.1%31.9%3.4%1.9%62.6K297.5K-6.1K0.0084.40N/AN/A32002,8402,110
2020-08-11$13.52$12.0046.1%9.6%40.8%41.9%32.2%5.2%1.9%70.8K-1.3M-7.2K0.3791.03N/AN/A5,8602,1702,9202,110
2020-08-12$13.70$12.0033.3%9.5%38.8%20.3%34.4%-4.5%-0.0%135.3K-2.5M-12.5K0.4998.98N/AN/A3,6901,8207,4603,990
2020-08-13$13.70$13.5032.8%9.4%37.3%19.4%31.8%-6.1%2.3%194.5K-3.0M-16.7K0.3189.01N/AN/A2,00062010,5705,430
2020-08-14$14.59$13.5037.5%10.7%42.2%27.3%37.3%8.5%0.3%232.9K-6.7M-19.8K0.3384.24N/AN/A6,8602,23012,2805,650
2020-08-17$14.42$13.5036.8%10.6%42.9%26.2%37.7%-2.2%-2.4%467.4K-9.2M-31.8K0.3180.99N/AN/A5,9301,84018,3707,790
2020-08-18$14.34$14.0035.4%10.1%43.2%23.8%35.5%-1.8%0.5%564.6K-9.6M-42.9K0.1484.36N/AN/A96013022,7108,750
2020-08-19$14.17$14.0035.5%10.2%43.7%24.1%33.3%-8.0%0.7%535.3K-8.3M-40.6K0.2688.20N/AN/A69018022,8108,790
2020-08-20$14.44$14.0035.5%10.2%43.5%24.0%36.4%7.0%-0.2%761.0K-10.7M-43.7K0.1283.08N/AN/A1,54018023,1408,680
2020-08-21$14.51$14.0034.8%10.0%41.2%22.8%36.1%7.1%2.2%1.6M-9.5M-41.7K0.1685.13N/AN/A1,53024021,8408,830
2020-08-24$14.83$14.0038.0%10.9%41.4%28.1%37.6%-2.0%0.9%325.5K-6.6M-44.4K0.3682.06N/AN/A1,08039016,4103,370
2020-08-25$14.73$14.0035.9%10.3%41.8%24.7%36.8%-1.1%3.7%329.7K-6.3M-45.1K0.2284.87N/AN/A58013016,6803,510
2020-08-26$14.67$14.0042.9%12.3%40.7%36.5%39.1%12.0%-0.4%304.0K-5.9M-43.6K0.1192.11N/AN/A3804016,7003,570
2020-08-27$14.70$14.0037.4%10.7%40.4%27.2%36.2%6.1%1.6%309.4K-5.8M-43.3K0.1085.28N/AN/A5105016,5003,610
2020-08-28$14.72$14.0040.1%11.5%40.4%31.8%43.9%8.2%1.4%304.4K-5.8M-43.3K0.4686.38N/AN/A41019016,4603,600
2020-08-31$14.53$14.0041.2%11.8%41.1%33.6%42.5%11.6%0.9%278.9K-5.1M-41.7K0.3888.95N/AN/A40015016,5103,760