MSTR Options History — June 2021

In June 2021, MSTR traded between $45.79 and $66.60. ATM implied volatility averaged 85.2%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 24.2%. IV traded above realized volatility by 3.1% (HV 20d: 82.2%). Max pain ranged from $52.00 to $60.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2021-06-29: Highest Volume — 284,640 contracts
  • 2021-06-04: Largest IV drop — 11.0% change
  • 2021-06-30: Highest IV Rank — 48.5%
  • 2021-06-22: Largest Expected Move — 25.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.89$45.79$66.60$47.89$66.59
Max Pain$59.32$52.00$60.00$53.00$60.00
ATM IV85.2%77.9%93.7%85.2%93.7%
Expected Move24.2%22.2%25.9%23.8%25.1%
HV 20d82.2%73.2%93.1%82.1%93.0%
HV 60d88.8%84.6%93.8%90.7%93.6%
IV Rank42.5%37.0%48.5%42.9%48.5%
IV Percentile54.5%45.2%67.1%54.4%67.1%
Term Structure1.4%-2.6%10.6%-1.4%-2.5%
VWIV89.8%83.9%99.1%86.6%94.1%
Skew 25d3.6%-3.6%10.8%6.4%6.5%
Skew 10d7.1%-4.4%19.4%16.6%5.3%
Call IV 25d85.3%77.0%92.8%84.8%87.8%
Put IV 25d88.8%81.4%98.3%91.1%94.3%
Bid-Ask Spread %45.0527.7956.2647.6443.65
Gamma HHI0.060.030.450.030.04
Net GEX6.5M-34.9M18.4M3.8M17.9M
Net DEX-658.3M-1.38B-152.2M-264.5M-1.36B
Net VEX-7.7M-9.5M-6.0M-6.3M-9.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.351.460.600.51
Total Volume120,730.45528,510284,64034,180146,700
Total OI936,825.909810,5901,120,680817,7601,120,680

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$47.89$53.0085.2%23.8%82.1%42.9%86.6%6.4%-1.4%3.8M-264.5M-6.3M0.6047.64N/AN/A21,33012,850547,070270,690
2021-06-02$49.72$52.0081.1%23.4%82.9%40.0%84.0%4.9%-1.7%6.6M-366.3M-6.7M0.6550.27N/AN/A22,73014,750555,180276,180
2021-06-03$49.10$60.0088.0%25.1%82.0%44.9%91.5%6.7%-1.6%7.8M-332.8M-6.7M0.8333.59N/AN/A15,61012,900564,960280,110
2021-06-04$48.38$60.0078.3%23.6%81.2%37.9%83.9%3.5%0.7%5.6M-266.1M-6.3M0.7449.79N/AN/A23,11017,190569,130282,860
2021-06-07$47.08$60.0084.5%24.1%79.3%42.4%88.8%3.9%-0.4%3.2M-217.9M-6.2M1.3735.98N/AN/A19,62026,790545,670264,920
2021-06-08$45.79$60.0086.8%25.2%74.8%43.5%90.7%3.6%2.3%1.9M-152.2M-6.0M1.0651.97N/AN/A48,84052,010552,130278,980
2021-06-09$50.43$60.0081.6%23.8%83.7%39.7%88.8%5.8%0.8%7.6M-408.9M-6.7M0.7456.03N/AN/A60,48044,610569,640297,930
2021-06-10$50.64$60.0080.7%23.0%81.4%39.1%86.0%5.6%-1.0%10.8M-438.4M-6.8M0.7056.26N/AN/A51,04035,730592,040316,730
2021-06-11$51.62$60.0077.9%22.2%73.2%37.0%88.3%3.5%-1.1%11.2M-510.8M-7.0M0.8236.25N/AN/A29,10023,860602,410322,850
2021-06-14$59.65$60.0082.9%23.6%87.0%40.7%89.2%-1.5%2.5%11.8M-907.5M-8.1M0.3552.53N/AN/A126,03043,900582,160297,670
2021-06-15$62.92$60.0082.9%23.7%83.5%40.7%87.3%-1.2%0.4%16.3M-1.13B-8.6M0.5539.01N/AN/A74,83041,270603,050309,960
2021-06-16$62.14$60.0081.0%23.2%83.9%39.3%85.0%-0.5%0.9%16.0M-1.05B-8.4M0.9928.59N/AN/A58,32057,550616,960327,790
2021-06-17$63.15$60.0081.7%23.4%75.8%39.8%88.4%-0.6%-0.2%15.0M-1.09B-8.7M0.6627.79N/AN/A63,33041,790622,590360,720
2021-06-18$62.83$60.0085.7%24.3%74.9%42.7%87.3%6.7%3.0%11.3M-1.04B-8.6M1.1052.43N/AN/A63,73070,360631,870372,630
2021-06-21$58.05$60.0089.2%25.2%78.6%45.2%94.0%0.6%5.0%805.5K-566.7M-8.0M1.2542.75N/AN/A67,24084,030561,620330,430
2021-06-22$55.35$60.0090.3%25.9%80.4%46.1%99.1%9.8%4.4%-3.2M-400.4M-7.8M1.4651.79N/AN/A113,890166,470584,700366,830
2021-06-23$55.91$60.0085.9%25.6%80.4%42.8%95.3%3.3%6.1%-1.4M-509.2M-8.2M0.8747.26N/AN/A97,86085,180620,070416,520
2021-06-24$58.41$60.0086.2%25.0%81.2%43.1%93.6%3.9%10.6%5.9M-726.9M-8.5M0.8845.60N/AN/A52,36045,890640,200431,090
2021-06-25$55.06$60.0091.9%25.4%84.5%47.2%95.4%10.8%7.3%-34.9M-424.4M-8.0M1.1847.04N/AN/A53,44063,160647,540439,890
2021-06-28$62.24$60.0087.2%23.6%91.2%43.8%86.5%0.2%-0.8%10.4M-940.0M-8.6M0.8646.81N/AN/A119,090102,460591,080379,340
2021-06-29$66.60$60.0092.8%24.9%93.1%47.9%91.3%-3.6%-2.6%18.4M-1.38B-9.5M0.5747.97N/AN/A181,300103,340635,000430,300
2021-06-30$66.59$60.0093.7%25.1%93.0%48.5%94.1%6.5%-2.5%17.9M-1.36B-9.5M0.5143.65N/AN/A97,35049,350661,780458,900