MSTR Options History — April 2021

In April 2021, MSTR traded between $60.38 and $84.10. ATM implied volatility averaged 90.2%, placing in the 46.5% IV rank vs the trailing year. The 30-day expected move averaged 25.7%. IV traded below realized volatility by 5.1% (HV 20d: 95.3%). Max pain ranged from $60.00 to $72.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2021-04-13: Highest Volume — 252,640 contracts
  • 2021-04-13: Largest IV spike — 29.9% change
  • 2021-04-13: Highest IV Rank — 61.8%
  • 2021-04-13: Largest Expected Move — 30.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.43$60.38$84.10$69.71$65.61
Max Pain$69.57$60.00$72.00$60.00$70.00
ATM IV90.2%80.1%111.4%89.5%80.1%
Expected Move25.7%23.4%30.7%23.8%23.7%
HV 20d95.3%75.1%105.5%87.6%103.2%
HV 60d140.9%139.2%142.5%142.5%139.2%
IV Rank46.5%39.2%61.8%46.0%39.2%
IV Percentile66.4%56.3%82.5%67.9%56.3%
Term Structure-1.0%-4.2%2.5%2.5%0.7%
VWIV91.7%84.1%107.5%89.0%86.2%
Skew 25d-5.0%-11.8%3.6%3.6%-3.1%
Skew 10d-6.7%-15.4%3.6%3.6%-2.1%
Call IV 25d95.0%83.4%120.1%90.1%83.4%
Put IV 25d89.9%80.3%108.6%93.7%80.3%
Bid-Ask Spread %27.6414.1756.7756.7742.95
Gamma HHI0.030.030.050.040.03
Net GEX10.0M927.0K22.7M11.0M8.1M
Net DEX-1.09B-2.38B-476.2M-1.26B-839.7M
Net VEX-9.0M-10.7M-8.0M-9.3M-8.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.331.060.330.70
Total Volume80,704.28628,140252,64037,27071,900
Total OI823,067.619696,8101,047,950789,190794,490

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$69.71$60.0089.5%23.8%87.6%46.0%89.0%3.6%2.5%11.0M-1.26B-9.3M0.3356.77N/AN/A28,0509,220517,220271,970
2021-04-05$71.93$69.0089.8%25.4%87.4%46.2%90.9%-8.2%-0.8%12.9M-1.38B-9.4M0.3514.17N/AN/A20,9107,230525,670274,980
2021-04-06$70.18$70.0089.9%25.0%88.1%46.3%88.2%-6.1%-0.3%12.0M-1.26B-9.2M0.5617.93N/AN/A29,86016,850535,750280,150
2021-04-07$65.53$70.0087.0%24.3%77.1%44.2%85.3%-7.2%-0.7%9.1M-974.6M-8.5M0.6716.90N/AN/A33,42022,280546,900288,550
2021-04-08$69.09$69.0082.0%23.4%78.5%40.6%84.1%-1.5%0.7%12.8M-1.18B-8.9M0.5824.28N/AN/A29,52016,990550,300298,210
2021-04-09$70.59$69.0084.0%23.4%75.1%42.0%84.6%-5.9%0.1%16.2M-1.28B-9.0M0.5122.53N/AN/A40,70020,560558,440304,480
2021-04-12$71.53$69.0085.8%23.9%75.2%43.3%84.4%-5.4%-0.4%13.6M-1.32B-9.1M0.4620.47N/AN/A36,23016,760561,130302,640
2021-04-13$84.10$70.00111.4%30.7%95.3%61.8%107.5%-11.5%-4.1%22.7M-2.38B-10.7M0.4723.34N/AN/A171,67080,970579,550310,470
2021-04-14$73.83$70.00101.5%29.3%104.6%54.6%103.8%-11.8%1.2%14.6M-1.56B-9.9M0.5025.36N/AN/A143,47071,410611,490336,060
2021-04-15$74.08$71.00101.1%28.2%102.0%54.4%99.2%-6.0%-3.0%13.2M-1.49B-9.9M0.6516.85N/AN/A72,44046,830640,480373,150
2021-04-16$69.92$72.0095.7%26.6%102.3%50.5%97.2%-7.2%-4.2%7.0M-1.13B-9.3M0.5618.60N/AN/A83,09046,890650,640397,310
2021-04-19$63.34$72.0096.4%27.4%105.5%51.0%98.3%-7.5%-0.5%4.6M-664.8M-8.4M0.5317.32N/AN/A61,55032,770478,790218,020
2021-04-20$64.43$70.0094.2%26.9%104.1%49.4%95.2%-3.4%-0.2%5.8M-712.4M-8.6M0.7123.08N/AN/A28,85020,450497,110233,470
2021-04-21$64.89$70.0092.5%26.5%100.9%48.1%94.1%-4.0%-1.0%6.6M-751.8M-8.7M0.9024.45N/AN/A27,13024,310502,980242,080
2021-04-22$60.38$70.0091.2%26.2%100.0%47.2%95.3%-5.5%-2.6%927.0K-476.2M-8.0M1.0624.15N/AN/A42,09044,410508,610251,380
2021-04-23$61.00$70.0089.3%25.8%100.1%45.9%92.2%-3.8%-1.5%2.5M-510.2M-8.0M0.8828.16N/AN/A67,61059,430524,730269,060
2021-04-26$65.78$70.0083.8%25.9%103.7%41.9%90.6%-4.3%-2.0%8.1M-858.7M-8.8M0.7536.61N/AN/A28,83021,480498,030242,630
2021-04-27$68.00$70.0082.6%24.6%104.1%41.0%86.8%-2.6%-1.9%10.5M-996.3M-9.2M0.6839.18N/AN/A22,44015,210509,240249,210
2021-04-28$68.05$70.0084.7%24.7%103.5%42.6%87.2%-0.4%-2.6%11.0M-1.00B-9.1M0.6144.34N/AN/A24,01014,660515,640254,590
2021-04-29$65.06$70.0081.4%24.2%103.4%40.2%86.2%-4.3%-1.3%7.8M-798.8M-8.6M0.7743.10N/AN/A23,91018,400521,530257,290
2021-04-30$65.61$70.0080.1%23.7%103.2%39.2%86.2%-3.1%0.7%8.1M-839.7M-8.6M0.7042.95N/AN/A42,19029,710529,430265,060