MSTR Options History — December 2021

In December 2021, MSTR traded between $54.50 and $71.37. ATM implied volatility averaged 73.9%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded above realized volatility by 11.2% (HV 20d: 62.7%). Max pain ranged from $60.00 to $64.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2021-12-02: Highest Volume — 318,860 contracts
  • 2021-12-03: Largest IV spike — 13.0% change
  • 2021-12-03: Highest IV Rank — 19.6%
  • 2021-12-03: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.41$54.50$71.37$71.37$54.50
Max Pain$62.09$60.00$64.00$64.00$60.00
ATM IV73.9%68.2%83.4%74.4%68.7%
Expected Move21.1%18.6%24.8%20.6%18.6%
HV 20d62.7%53.6%69.5%53.6%66.0%
HV 60d56.9%51.2%59.3%51.2%57.6%
IV Rank10.1%4.5%19.6%10.6%5.0%
IV Percentile14.3%3.6%40.9%12.3%4.8%
Term Structure1.1%-1.1%3.8%1.7%0.5%
VWIV83.3%72.3%97.5%75.5%74.5%
Skew 25d1.4%-5.6%4.5%-5.6%0.7%
Skew 10d-0.9%-16.3%7.7%-16.3%0.4%
Call IV 25d75.8%68.7%84.0%81.1%69.7%
Put IV 25d77.2%70.2%88.3%75.5%70.4%
Bid-Ask Spread %38.4023.0156.0556.0548.03
Gamma HHI0.030.020.080.040.05
Net GEX11.2M459.4K27.3M27.3M459.4K
Net DEX-386.8M-1.40B-64.3M-1.40B-64.3M
Net VEX-7.5M-10.3M-6.3M-10.3M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.232.530.570.51
Total Volume183,449.091119,480318,860150,820190,440
Total OI1,367,448.6361,092,3801,566,7101,416,5001,294,690

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$71.37$64.0074.4%20.6%53.6%10.6%75.5%-5.6%1.7%27.3M-1.40B-10.3M0.5756.05N/AN/A96,03054,790937,710478,790
2021-12-02$68.56$64.0073.8%20.9%53.7%10.1%80.8%0.8%0.6%17.8M-1.03B-9.7M2.5349.49N/AN/A90,300228,560951,490487,620
2021-12-03$62.40$64.0083.4%24.8%61.8%19.6%91.5%4.3%0.1%1.7M-410.3M-8.5M1.1552.45N/AN/A102,980118,230968,820577,510
2021-12-06$59.88$63.0082.6%23.9%62.5%18.8%90.4%3.8%-0.9%7.3M-305.1M-7.9M0.9631.45N/AN/A100,90096,590913,980474,570
2021-12-07$62.90$62.0075.3%21.9%57.5%11.5%84.0%-0.1%1.0%11.5M-516.4M-8.1M0.6032.90N/AN/A93,06056,280933,860501,690
2021-12-08$63.35$63.0072.6%21.6%58.0%8.9%84.3%0.4%2.1%15.4M-606.0M-8.4M0.8527.17N/AN/A64,42055,060959,920506,070
2021-12-09$59.26$63.0074.5%21.9%59.7%10.7%86.8%2.8%0.2%6.6M-218.4M-7.6M0.9335.51N/AN/A88,88082,700969,480512,870
2021-12-10$59.93$63.0073.3%21.4%60.3%9.6%82.2%1.4%3.8%2.4M-257.4M-7.6M0.7938.46N/AN/A109,11086,540988,100535,560
2021-12-13$57.29$63.0078.0%22.2%61.1%14.2%84.2%4.2%-1.1%6.6M-157.9M-7.1M0.5936.51N/AN/A98,84058,170964,590486,360
2021-12-14$57.99$63.0075.4%22.2%61.9%11.7%84.9%4.5%2.4%8.9M-243.8M-7.3M0.6231.48N/AN/A98,13061,310996,150498,000
2021-12-15$59.44$63.0075.5%21.9%61.8%11.7%84.2%0.5%0.7%14.3M-435.3M-7.5M0.6043.36N/AN/A98,45058,7201,024,100500,700
2021-12-16$56.38$63.0076.3%21.9%63.2%12.6%97.5%1.5%-0.1%11.2M-202.5M-7.2M0.5523.49N/AN/A122,04067,4001,046,780500,920
2021-12-17$57.19$63.0073.6%21.2%63.4%9.9%82.9%3.1%0.6%10.8M-233.5M-7.1M0.9045.91N/AN/A113,380102,0901,058,460508,250
2021-12-20$54.51$63.0077.6%22.2%64.7%13.8%90.7%2.0%2.0%6.9M-139.5M-6.8M0.5623.01N/AN/A85,24047,340792,320300,060
2021-12-21$56.44$62.0071.2%20.4%66.2%7.4%85.6%0.8%2.4%8.8M-234.3M-6.9M0.4028.22N/AN/A123,78049,710812,320306,520
2021-12-22$56.73$60.0069.2%19.8%66.2%5.5%93.6%1.5%2.4%13.0M-278.7M-7.0M0.2329.04N/AN/A205,97046,720848,810317,060
2021-12-23$59.67$60.0069.6%19.8%69.5%5.9%81.3%0.4%2.7%20.9M-526.6M-7.4M0.2929.45N/AN/A165,05047,900905,990323,550
2021-12-27$60.35$60.0070.2%19.5%68.1%6.5%76.4%-0.9%0.8%21.8M-579.7M-7.3M0.3844.44N/AN/A126,23047,430886,720286,950
2021-12-28$56.80$60.0071.5%19.7%68.0%7.8%75.2%3.9%0.3%13.2M-278.7M-6.8M0.5048.94N/AN/A112,08055,780907,970297,680
2021-12-29$55.49$60.0070.2%19.2%65.3%6.4%72.3%-0.4%1.4%8.8M-163.6M-6.6M0.5243.37N/AN/A104,94055,040930,370313,530
2021-12-30$56.52$60.0068.2%18.7%66.2%4.5%74.4%1.5%-0.1%11.0M-230.3M-6.6M0.3645.99N/AN/A124,17045,100957,240319,740
2021-12-31$54.50$60.0068.7%18.6%66.0%5.0%74.5%0.7%0.5%459.4K-64.3M-6.3M0.5148.03N/AN/A126,21064,230968,050326,640