MSTR Options History — September 2021

In September 2021, MSTR traded between $56.77 and $71.07. ATM implied volatility averaged 72.4%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded above realized volatility by 21.6% (HV 20d: 50.7%). Max pain ranged from $64.00 to $65.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2021-09-07: Highest Volume — 180,370 contracts
  • 2021-09-20: Largest IV spike — 8.7% change
  • 2021-09-08: Highest IV Rank — 31.5%
  • 2021-09-07: Largest Expected Move — 23.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.32$56.77$71.07$70.25$58.06
Max Pain$64.71$64.00$65.00$65.00$64.00
ATM IV72.4%66.5%79.4%76.6%71.8%
Expected Move20.3%18.0%23.2%19.9%19.0%
HV 20d50.7%45.7%54.3%53.6%49.7%
HV 60d83.1%78.0%90.1%89.8%78.3%
IV Rank24.2%18.1%31.5%29.2%22.5%
IV Percentile18.5%13.5%27.8%22.2%16.7%
Term Structure1.7%-1.4%5.8%1.5%0.1%
VWIV74.6%64.5%85.5%75.0%71.4%
Skew 25d1.0%-2.3%5.1%-2.3%2.0%
Skew 10d0.9%-6.7%6.2%-3.0%0.4%
Call IV 25d73.9%64.3%83.0%80.6%71.7%
Put IV 25d74.9%68.4%83.0%78.3%73.7%
Bid-Ask Spread %36.1917.6154.1138.5254.11
Gamma HHI0.030.030.080.030.03
Net GEX7.0M-6.6M27.0M13.4M5.4M
Net DEX-718.7M-1.36B-345.3M-1.24B-423.8M
Net VEX-8.9M-10.6M-7.7M-10.4M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.371.090.431.09
Total Volume85,889.52445,610180,37089,47067,160
Total OI1,092,811.429999,7201,195,1701,021,5701,143,360

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$70.25$65.0076.6%19.9%53.6%29.2%75.0%-2.3%1.5%13.4M-1.24B-10.4M0.4338.52N/AN/A62,57026,900612,830408,740
2021-09-02$69.79$65.0077.3%23.0%47.8%29.8%84.5%-1.2%2.7%13.2M-1.23B-10.3M0.5519.06N/AN/A61,86034,220621,960421,270
2021-09-03$71.07$65.0078.1%23.0%45.7%30.4%83.7%-0.9%1.7%27.0M-1.36B-10.6M0.5822.11N/AN/A86,10049,730645,630434,530
2021-09-07$64.91$65.0078.3%23.2%53.4%30.6%84.3%-1.7%1.7%7.6M-911.4M-9.5M0.7820.41N/AN/A101,34079,030605,120394,600
2021-09-08$63.89$65.0079.4%23.0%53.4%31.5%85.5%1.2%0.8%5.0M-819.0M-9.3M0.6417.61N/AN/A48,49030,790622,130406,760
2021-09-09$63.90$65.0074.9%21.5%53.4%27.8%83.9%-1.3%0.2%-1.8M-767.3M-9.5M0.3724.64N/AN/A77,16028,830660,930448,490
2021-09-10$61.43$65.0072.7%21.0%53.2%26.0%75.9%1.8%0.9%-6.6M-541.7M-8.9M0.8429.26N/AN/A55,23046,460668,670458,160
2021-09-13$63.26$65.0073.4%21.1%54.3%26.6%77.3%0.1%0.7%5.4M-791.7M-9.0M0.6723.64N/AN/A63,25042,310643,940415,160
2021-09-14$61.76$65.0071.0%20.3%53.1%24.6%74.2%-0.3%2.0%3.2M-675.6M-8.8M0.7327.80N/AN/A42,43031,020655,630430,830
2021-09-15$63.34$65.0069.6%20.0%51.2%21.1%73.7%0.8%1.7%7.2M-830.3M-9.2M0.4129.14N/AN/A71,29029,470678,980450,420
2021-09-16$63.06$65.0068.7%19.6%51.2%19.9%72.3%0.6%0.6%6.7M-798.6M-9.2M0.9429.09N/AN/A31,47029,660691,220461,590
2021-09-17$62.39$65.0066.8%19.0%50.2%18.3%69.5%1.2%1.3%3.9M-744.5M-9.1M0.7142.23N/AN/A43,32030,710728,070467,100
2021-09-20$58.68$65.0072.6%20.6%48.9%23.1%74.9%2.8%3.3%5.5M-486.1M-8.2M0.8543.45N/AN/A47,94040,980646,720382,700
2021-09-21$58.05$65.0070.1%19.8%48.7%21.1%71.0%3.3%4.6%4.5M-420.9M-8.1M0.4642.49N/AN/A42,18019,320670,640394,000
2021-09-22$60.12$65.0066.5%18.3%51.3%18.1%66.3%3.4%4.4%7.4M-545.0M-8.4M0.7052.01N/AN/A36,94025,830686,180410,120
2021-09-23$61.38$64.0066.7%18.0%50.9%18.2%64.5%5.1%4.1%13.1M-663.8M-8.7M0.8246.00N/AN/A35,50029,140707,040417,850
2021-09-24$59.69$64.0067.5%18.6%49.3%18.9%68.3%1.6%5.8%8.2M-511.2M-8.2M1.0645.28N/AN/A53,94057,020721,870424,180
2021-09-27$59.18$64.0070.7%18.4%48.4%21.6%67.1%0.3%-0.3%8.9M-537.8M-8.3M0.7449.57N/AN/A29,32021,650684,360390,980
2021-09-28$57.66$64.0074.4%19.8%48.8%24.7%70.8%2.3%-1.4%6.3M-440.6M-8.1M0.8751.42N/AN/A24,39021,220698,600408,110
2021-09-29$56.77$64.0072.9%19.4%48.9%23.4%72.1%2.1%0.1%3.4M-345.3M-7.7M0.9252.09N/AN/A24,79022,720711,610417,960
2021-09-30$58.06$64.0071.8%19.0%49.7%22.5%71.4%2.0%0.1%5.4M-423.8M-7.9M1.0954.11N/AN/A32,10035,060715,670427,690