MSTR Options History — October 2020

In October 2020, MSTR traded between $14.67 and $18.43. ATM implied volatility averaged 64.0%, placing in the 72.1% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 11.8% (HV 20d: 52.2%). Max pain ranged from $15.50 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.21.

Notable Days

  • 2020-10-21: Highest Volume — 5,730 contracts
  • 2020-10-13: Largest IV spike — 23.0% change
  • 2020-10-27: Highest IV Rank — 90.7%
  • 2020-10-27: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.49$14.67$18.43$14.89$16.45
Max Pain$16.25$15.50$17.00$15.50$17.00
ATM IV64.0%52.7%75.0%62.8%58.5%
Expected Move18.1%15.8%21.5%18.0%16.8%
HV 20d52.2%35.0%68.5%66.8%53.0%
HV 60d49.6%47.6%54.3%47.6%54.3%
IV Rank72.1%53.1%90.7%70.0%62.9%
IV Percentile93.7%82.5%99.2%96.4%86.1%
Term Structure-5.3%-13.3%1.9%-4.4%-1.6%
VWIV65.9%58.0%76.5%66.4%61.7%
Skew 25d-5.2%-16.5%1.4%-7.4%-10.6%
Skew 10d1.1%-31.4%38.6%17.9%-17.3%
Call IV 25d69.5%62.5%81.7%76.5%68.2%
Put IV 25d64.3%54.6%74.5%69.1%57.6%
Bid-Ask Spread %64.6150.0884.1483.8869.89
Gamma HHI0.120.090.150.100.11
Net GEX527.3K351.4K793.1K367.1K500.6K
Net DEX-18.0M-28.3M-8.7M-9.4M-19.9M
Net VEX-99.4K-142.5K-72.0K-73.9K-142.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.041.380.110.06
Total Volume1,949.5453105,7305001,280
Total OI33,596.36427,14042,55030,87042,550

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$14.89$15.5062.8%18.0%66.8%70.0%66.4%-7.4%-4.4%367.1K-9.4M-73.9K0.1183.88N/AN/A4505026,4604,410
2020-10-02$14.67$15.5066.0%18.9%65.5%75.5%73.1%-3.9%-3.4%351.4K-8.7M-72.8K1.3884.14N/AN/A26036026,8404,420
2020-10-05$14.82$15.5069.3%17.8%64.9%81.0%0.0%0.9%-1.0%363.5K-9.3M-72.0K0.2159.62N/AN/A2906026,9304,340
2020-10-06$15.02$15.5071.2%16.4%64.7%84.3%63.4%-3.8%-0.2%404.1K-10.2M-73.1K0.1163.57N/AN/A1,50016027,0104,390
2020-10-07$15.29$17.0064.3%17.9%64.8%72.7%64.6%-1.9%-3.7%433.7K-11.0M-76.0K0.4850.48N/AN/A21010027,2904,530
2020-10-08$16.38$17.0061.4%17.9%68.5%67.7%63.1%-6.5%-3.8%588.2K-16.7M-84.3K0.0950.08N/AN/A2,29021027,4304,550
2020-10-09$16.43$16.0055.6%17.4%68.5%58.0%60.4%-4.3%-2.8%653.9K-17.6M-86.0K0.2056.24N/AN/A1,23024028,5204,610
2020-10-12$16.70$16.0052.7%16.4%68.4%53.1%58.0%-1.4%-0.1%722.7K-19.0M-84.8K0.0865.27N/AN/A9808028,9904,760
2020-10-13$16.60$16.0064.9%17.5%62.0%73.6%59.4%-4.4%-4.2%678.6K-18.3M-85.7K0.0665.09N/AN/A1,6109029,2804,780
2020-10-14$16.45$16.0062.7%18.0%46.0%70.0%64.5%-4.8%-5.7%720.2K-18.0M-88.7K0.0556.38N/AN/A2,32011029,9804,820
2020-10-15$16.68$16.0061.2%17.5%39.5%67.3%67.3%0.5%-6.0%793.1K-20.1M-92.5K0.0764.42N/AN/A1,81012031,0504,880
2020-10-16$16.51$16.0061.1%17.5%38.8%67.2%63.6%-1.8%-7.6%557.8K-18.8M-89.3K0.1568.18N/AN/A1,10016030,3104,990
2020-10-19$16.45$16.0059.1%16.9%35.0%63.8%59.8%-8.6%-4.8%412.7K-14.9M-90.1K0.2773.44N/AN/A41011023,7603,380
2020-10-20$16.92$16.0063.9%18.3%36.0%71.9%66.3%-0.5%-10.2%434.4K-16.8M-93.6K0.1163.95N/AN/A2,30025023,9603,470
2020-10-21$18.07$16.0066.6%19.1%39.1%76.5%68.5%-7.7%-6.2%479.6K-24.4M-107.0K0.1164.05N/AN/A5,17056025,5103,700
2020-10-22$18.37$16.5071.6%20.5%37.4%84.9%73.4%1.4%-10.0%538.8K-26.9M-124.2K0.1559.81N/AN/A2,97046028,1104,070
2020-10-23$18.43$16.5069.0%19.8%37.3%80.5%72.2%-3.2%-9.7%575.3K-28.3M-131.9K0.0462.31N/AN/A1,3705029,9404,470
2020-10-26$17.41$16.5072.8%20.9%43.2%87.0%71.4%-14.5%-13.3%527.0K-23.7M-125.2K0.2762.62N/AN/A1,97053030,3004,520
2020-10-27$17.68$17.0075.0%21.5%42.9%90.7%76.5%-6.4%-10.7%558.7K-25.3M-131.2K0.2959.92N/AN/A2,47072031,3104,900
2020-10-28$16.29$17.0063.4%18.2%53.4%71.1%61.6%-16.5%-8.2%472.6K-19.0M-128.1K0.2967.72N/AN/A3,12090032,9005,800
2020-10-29$16.20$17.0055.0%15.8%53.3%56.9%68.8%-8.5%1.9%467.6K-18.4M-134.7K0.1270.45N/AN/A2,20026034,4506,450
2020-10-30$16.45$17.0058.5%16.8%53.0%62.9%61.7%-10.6%-1.6%500.6K-19.9M-142.5K0.0669.89N/AN/A1,2107035,9506,600