MSTR Options History — July 2021

In July 2021, MSTR traded between $49.66 and $68.82. ATM implied volatility averaged 87.2%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 24.6%. IV traded below realized volatility by 3.5% (HV 20d: 90.7%). Max pain ranged from $59.00 to $66.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2021-07-26: Highest Volume — 308,710 contracts
  • 2021-07-26: Largest IV spike — 27.4% change
  • 2021-07-26: Highest IV Rank — 57.7%
  • 2021-07-26: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.38$49.66$68.82$64.83$62.55
Max Pain$60.90$59.00$66.00$60.00$60.00
ATM IV87.2%79.9%106.3%89.3%85.4%
Expected Move24.6%21.5%31.0%23.9%23.9%
HV 20d90.7%73.3%116.9%93.6%112.5%
HV 60d87.0%79.7%97.0%92.7%96.7%
IV Rank43.8%38.5%57.7%45.3%42.5%
IV Percentile52.3%40.1%78.2%58.3%46.8%
Term Structure-0.5%-3.4%0.9%-0.6%0.8%
VWIV89.0%80.2%113.7%90.6%89.8%
Skew 25d0.8%-5.6%4.7%0.6%-4.9%
Skew 10d5.9%-4.1%13.0%3.8%-3.8%
Call IV 25d89.0%80.9%114.0%91.5%91.7%
Put IV 25d89.8%82.8%108.4%92.1%86.8%
Bid-Ask Spread %15.418.9643.3042.3919.30
Gamma HHI0.040.030.070.040.04
Net GEX7.2M-4.7M16.9M16.7M10.2M
Net DEX-741.7M-1.41B-94.0M-1.22B-1.05B
Net VEX-8.6M-10.3M-7.0M-9.5M-9.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.261.340.650.61
Total Volume112,370.95257,810308,710116,800117,500
Total OI1,054,399.524862,3501,234,1501,157,1901,086,950

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$64.83$60.0089.3%23.9%93.6%45.3%90.6%0.6%-0.6%16.7M-1.22B-9.5M0.6542.39N/AN/A70,69046,110690,150467,040
2021-07-02$63.66$60.0086.0%21.5%93.8%43.0%84.5%2.5%-3.4%11.1M-1.08B-9.3M0.7543.30N/AN/A69,93052,270703,190490,540
2021-07-06$63.30$60.0085.1%24.0%92.8%42.3%83.9%1.3%-0.9%11.4M-948.2M-9.0M1.049.18N/AN/A36,81038,190638,740438,070
2021-07-07$63.85$60.0083.8%23.5%91.5%41.4%83.3%0.6%-1.3%12.7M-983.3M-9.0M0.4710.25N/AN/A39,34018,470650,570455,120
2021-07-08$61.58$60.0082.9%23.6%88.2%40.7%82.7%0.9%-1.2%7.9M-785.1M-8.6M0.479.18N/AN/A67,96031,850661,890458,560
2021-07-09$62.81$66.0079.9%22.9%88.2%38.5%82.7%1.1%0.4%14.6M-895.5M-8.6M0.688.96N/AN/A44,07029,770668,920467,000
2021-07-12$58.82$65.0080.4%22.8%92.2%38.9%81.8%1.6%-0.3%4.7M-560.1M-7.9M0.5914.13N/AN/A82,32048,840632,340441,090
2021-07-13$58.19$65.0080.9%22.8%76.5%39.2%80.2%2.1%-1.0%3.2M-516.8M-7.8M0.4811.41N/AN/A46,66022,530662,020464,960
2021-07-14$56.34$64.0082.0%23.1%74.4%40.0%81.0%3.2%-1.4%-1.4M-381.2M-7.6M0.8010.73N/AN/A59,62047,690670,430469,980
2021-07-15$53.84$60.0082.9%23.6%75.7%40.7%83.0%4.0%0.1%-4.7M-178.2M-7.3M1.3215.60N/AN/A61,95081,990685,610490,920
2021-07-16$52.27$60.0085.5%24.2%75.6%42.6%86.9%2.5%-1.7%-3.7M-94.0M-7.4M1.3413.92N/AN/A46,11061,710708,650525,500
2021-07-19$49.66$60.0090.1%25.7%77.0%45.9%92.9%3.1%-0.6%-1.6M-129.5M-7.0M0.5912.99N/AN/A56,68033,330488,800373,550
2021-07-20$50.47$60.0089.5%25.5%73.3%45.5%91.3%4.7%0.1%12.1K-212.9M-7.1M0.8113.30N/AN/A48,81039,370515,820386,600
2021-07-21$55.95$60.0087.8%25.2%81.3%44.2%91.2%2.6%-0.1%8.6M-635.6M-8.1M0.4810.55N/AN/A87,35042,200537,670399,380
2021-07-22$55.38$60.0084.4%24.2%81.3%41.8%85.9%2.4%0.6%8.1M-572.8M-8.0M0.5212.09N/AN/A46,15023,880554,800410,230
2021-07-23$53.85$60.0083.5%23.8%80.1%41.1%88.8%2.7%0.9%2.1M-449.7M-7.9M0.4913.83N/AN/A65,67031,930572,030414,450
2021-07-26$68.82$60.00106.3%31.0%116.9%57.7%113.7%-5.6%-0.2%11.6M-1.41B-10.3M0.339.27N/AN/A231,60077,110513,100363,740
2021-07-27$63.19$59.0093.0%26.7%113.8%48.0%97.8%-1.3%0.3%11.8M-1.12B-9.8M0.5015.97N/AN/A84,74042,720550,320373,980
2021-07-28$65.27$60.00100.4%28.9%111.8%53.4%102.4%-5.0%-1.2%16.9M-1.30B-10.3M0.2610.21N/AN/A113,60029,030615,280405,720
2021-07-29$62.37$60.0091.3%25.9%112.9%46.8%95.5%-1.1%-0.3%11.9M-1.04B-9.7M0.7017.14N/AN/A49,08034,160619,470419,210
2021-07-30$62.55$60.0085.4%23.9%112.5%42.5%89.8%-4.9%0.8%10.2M-1.05B-9.8M0.6119.30N/AN/A73,13044,370658,460428,490