MSTR Options History — January 2021

In January 2021, MSTR traded between $42.31 and $62.26. ATM implied volatility averaged 115.2%, placing in the 78.2% IV rank vs the trailing year. The 30-day expected move averaged 33.3%. IV traded above realized volatility by 16.3% (HV 20d: 98.9%). Max pain ranged from $35.00 to $53.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.69.

Notable Days

  • 2021-01-14: Highest Volume — 190,530 contracts
  • 2021-01-11: Largest IV spike — 30.3% change
  • 2021-01-11: Highest IV Rank — 100.0%
  • 2021-01-29: Largest Expected Move — 39.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.81$42.31$62.26$42.31$62.26
Max Pain$45.47$35.00$53.00$35.00$51.00
ATM IV115.2%88.9%145.2%97.7%138.2%
Expected Move33.3%28.1%39.6%29.6%39.6%
HV 20d98.9%78.5%115.0%91.0%108.8%
HV 60d93.6%84.6%99.4%85.3%99.4%
IV Rank78.2%62.0%100.0%70.2%94.3%
IV Percentile97.1%90.1%100.0%95.6%99.6%
Term Structure-3.6%-13.1%5.8%4.3%-5.8%
VWIV116.7%99.8%139.3%104.8%139.3%
Skew 25d-3.2%-8.5%1.6%-5.9%-7.6%
Skew 10d-4.5%-12.8%6.5%-2.7%-9.5%
Call IV 25d118.7%103.4%144.4%109.1%144.4%
Put IV 25d115.5%99.6%136.8%103.3%136.8%
Bid-Ask Spread %29.3021.5739.2831.4330.74
Gamma HHI0.070.050.130.090.05
Net GEX5.4M3.4M13.8M4.6M4.7M
Net DEX-816.7M-1.43B-519.4M-519.4M-1.00B
Net VEX-2.3M-3.2M-1.3M-1.3M-3.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.361.390.700.59
Total Volume69,695.26319,180190,53069,71081,420
Total OI383,862.105263,880508,260263,880415,000

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$42.31$35.0097.7%29.6%91.0%70.2%104.8%-5.9%4.3%4.6M-519.4M-1.3M0.7031.43N/AN/A40,90028,810182,95080,930
2021-01-05$43.06$36.0088.9%31.3%90.7%62.0%102.9%-0.1%-7.1%4.9M-527.9M-1.3M0.5335.69N/AN/A23,05012,250191,81094,630
2021-01-06$47.02$37.00102.8%28.1%94.4%74.9%99.8%-8.5%5.8%5.7M-670.1M-1.4M0.4635.35N/AN/A57,77026,330201,940101,060
2021-01-07$52.78$38.00122.4%36.7%79.9%93.1%126.4%-0.6%-3.1%6.1M-869.3M-1.6M0.4731.90N/AN/A83,50039,610220,600108,740
2021-01-08$52.76$40.00111.5%36.9%78.5%82.9%126.8%-6.1%-3.2%6.7M-881.8M-1.8M0.3623.14N/AN/A71,06025,660241,220127,770
2021-01-11$48.94$40.00145.2%36.3%86.9%100.0%125.0%-1.1%-5.7%5.8M-758.7M-1.9M0.6021.57N/AN/A75,79045,440272,890137,660
2021-01-12$51.33$40.00123.8%34.2%85.6%82.7%119.3%-2.5%0.3%7.7M-888.7M-2.1M0.8323.35N/AN/A28,72023,950291,610163,580
2021-01-13$52.19$42.00108.1%31.0%84.1%69.9%106.8%0.6%3.9%8.6M-934.6M-2.2M0.7933.88N/AN/A26,35020,720299,110175,040
2021-01-14$61.96$44.00115.9%33.2%97.6%76.2%115.3%-4.1%-6.3%13.8M-1.43B-2.3M0.4928.69N/AN/A128,26062,270303,210177,020
2021-01-15$58.05$49.00112.1%32.1%104.1%73.1%114.0%-5.0%-0.3%4.4M-1.13B-2.4M0.7725.63N/AN/A61,66047,440304,340203,920
2021-01-19$58.98$50.00110.3%31.6%102.5%71.7%113.7%-6.6%-0.6%4.0M-777.5M-2.5M1.3921.90N/AN/A23,08032,080204,060104,450
2021-01-20$55.65$50.00111.6%32.0%107.4%72.7%113.0%-7.1%-3.5%3.7M-693.3M-2.6M0.4526.60N/AN/A31,32014,180211,740126,610
2021-01-21$52.57$50.00105.4%30.2%111.3%67.7%108.0%-4.6%2.7%3.4M-632.4M-2.8M1.2028.75N/AN/A23,76028,570225,750133,060
2021-01-22$57.81$53.00112.8%32.3%113.7%73.7%113.9%-1.3%-6.2%3.7M-779.4M-3.0M0.6229.50N/AN/A26,98016,680232,000150,060
2021-01-25$56.62$53.00120.8%34.6%115.0%80.2%121.6%-1.3%-13.1%3.9M-767.8M-3.0M0.7925.10N/AN/A18,30014,440240,480153,620
2021-01-26$56.20$52.00118.5%34.0%111.7%78.3%120.5%1.6%-11.1%4.0M-757.0M-3.1M0.8528.23N/AN/A10,3408,840245,800157,420
2021-01-27$53.46$52.00120.7%34.6%106.7%80.1%122.9%-0.9%-10.2%3.4M-662.9M-3.0M0.6039.28N/AN/A16,4609,930246,440158,730
2021-01-28$58.45$52.00122.6%35.2%108.9%81.7%123.8%0.5%-9.9%4.3M-841.5M-3.1M0.6836.03N/AN/A22,82015,470247,720160,410
2021-01-29$62.26$51.00138.2%39.6%108.8%94.3%139.3%-7.6%-5.8%4.7M-1.00B-3.2M0.5930.74N/AN/A51,15030,270253,050161,950