MSTR Options History — May 2021

In May 2021, MSTR traded between $44.76 and $64.22. ATM implied volatility averaged 88.4%, placing in the 45.2% IV rank vs the trailing year. The 30-day expected move averaged 25.4%. IV traded above realized volatility by 1.4% (HV 20d: 87.0%). Max pain ranged from $53.00 to $70.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.10.

Notable Days

  • 2021-05-13: Highest Volume — 151,500 contracts
  • 2021-05-13: Largest IV spike — 25.8% change
  • 2021-05-13: Highest IV Rank — 58.9%
  • 2021-05-13: Largest Expected Move — 30.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.63$44.76$64.22$64.22$46.98
Max Pain$59.95$53.00$70.00$70.00$53.00
ATM IV88.4%77.6%107.4%78.8%87.2%
Expected Move25.4%22.7%30.6%23.5%24.3%
HV 20d87.0%73.6%104.6%102.6%81.1%
HV 60d107.6%90.6%139.1%139.1%90.6%
IV Rank45.2%37.4%58.9%38.2%44.3%
IV Percentile62.0%54.4%79.0%56.0%57.5%
Term Structure0.2%-5.1%3.6%-0.2%2.8%
VWIV91.2%80.3%109.9%84.4%87.7%
Skew 25d4.3%-4.8%14.1%-1.8%8.6%
Skew 10d12.4%-10.5%34.3%-1.2%20.9%
Call IV 25d88.9%80.3%112.6%80.8%84.6%
Put IV 25d93.2%78.9%115.2%79.0%93.3%
Bid-Ask Spread %33.9213.4746.2645.0945.43
Gamma HHI0.050.030.270.030.03
Net GEX2.2M-5.6M8.2M6.3M3.2M
Net DEX-311.0M-736.7M1.1M-736.7M-205.7M
Net VEX-7.0M-8.3M-6.0M-8.3M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.392.100.390.93
Total Volume69,542.536,510151,50044,94065,090
Total OI836,809.5739,810946,040739,810887,520

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$64.22$70.0078.8%23.5%102.6%38.2%84.4%-1.8%-0.2%6.3M-736.7M-8.3M0.3945.09N/AN/A32,24012,700492,650247,160
2021-05-04$61.03$70.0083.6%24.8%103.7%41.7%89.1%-2.3%-0.5%4.0M-579.9M-8.1M0.7142.48N/AN/A29,18020,720506,110251,660
2021-05-05$62.42$70.0079.3%23.9%101.5%38.7%85.9%-4.8%0.7%4.6M-661.0M-8.3M0.7840.15N/AN/A26,21020,450511,640256,710
2021-05-06$59.78$63.0079.3%23.4%100.3%38.7%84.1%-1.8%1.8%1.0M-498.4M-7.9M1.4313.47N/AN/A25,31036,110523,810265,470
2021-05-07$62.05$62.0077.6%22.7%101.0%37.4%80.3%-0.4%0.7%1.8M-622.9M-8.1M1.0616.74N/AN/A28,77030,370530,070276,460
2021-05-10$56.91$60.0078.7%23.2%104.6%38.2%84.3%-4.7%2.9%1.9M-398.9M-7.4M0.9220.11N/AN/A38,21035,290511,140262,660
2021-05-11$57.60$60.0082.5%23.6%82.9%41.0%84.5%-3.5%0.0%2.1M-433.1M-7.6M0.4920.59N/AN/A38,95019,220526,890274,440
2021-05-12$54.27$60.0085.4%24.5%73.6%43.0%90.8%-2.6%-0.5%528.6K-296.9M-7.3M0.9621.56N/AN/A18,60017,910541,970278,860
2021-05-13$49.10$60.00107.4%30.6%79.1%58.9%109.9%-4.1%-1.3%-154.2K-106.6M-6.6M2.1026.47N/AN/A48,840102,660547,330284,310
2021-05-14$52.13$60.0090.5%25.8%82.7%46.7%93.6%8.4%-0.4%-568.2K-222.1M-7.1M1.6523.10N/AN/A29,02048,010566,980319,080
2021-05-17$48.62$60.00103.6%29.4%79.3%56.1%107.0%11.2%-2.0%910.9K-164.4M-6.6M1.1426.34N/AN/A44,78050,990545,060288,410
2021-05-18$48.69$60.0094.0%26.9%78.7%49.3%95.7%12.8%1.6%1.0M-143.9M-6.7M1.4238.13N/AN/A21,09029,950564,850311,000
2021-05-19$44.76$59.00103.8%29.8%82.1%56.3%107.0%14.1%-5.1%-680.2K-14.3M-6.1M0.9546.26N/AN/A60,61057,770572,960316,080
2021-05-20$47.23$56.0090.8%25.9%83.3%46.9%94.3%9.6%3.6%2.3M-116.1M-6.4M1.1044.73N/AN/A35,94039,600591,020333,800
2021-05-21$44.85$56.0094.6%27.1%84.0%49.7%95.5%11.3%-0.1%-5.6M1.1M-6.0M1.7043.49N/AN/A40,96069,700601,300344,740
2021-05-24$47.00$56.0091.9%26.0%80.4%47.7%92.3%9.2%-1.2%2.5M-201.6M-6.4M1.2142.16N/AN/A32,49039,200533,260282,620
2021-05-25$47.21$55.0088.9%24.8%78.7%45.5%88.2%10.9%1.0%4.1M-221.1M-6.4M0.8743.69N/AN/A20,77018,020552,270297,240
2021-05-26$48.23$55.0085.7%23.9%79.7%43.2%84.6%7.4%0.2%5.7M-261.1M-6.6M0.5039.82N/AN/A32,62016,410559,830303,670
2021-05-27$49.52$54.0085.3%24.2%80.4%43.0%84.5%8.6%0.0%8.2M-336.6M-6.7M1.6338.52N/AN/A21,32034,770568,290306,870
2021-05-28$46.98$53.0087.2%24.3%81.1%44.3%87.7%8.6%2.8%3.2M-205.7M-6.3M0.9345.43N/AN/A33,76031,330573,990313,530