MSTR Options History — February 2022

In February 2022, MSTR traded between $34.15 and $44.33. ATM implied volatility averaged 84.7%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded below realized volatility by 14.9% (HV 20d: 99.7%). Max pain ranged from $44.00 to $50.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.06.

Notable Days

  • 2022-02-04: Highest Volume — 276,550 contracts
  • 2022-02-11: Largest IV spike — 7.5% change
  • 2022-02-22: Highest IV Rank — 33.7%
  • 2022-02-01: Largest Expected Move — 27.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.16$34.15$44.33$37.24$44.00
Max Pain$45.42$44.00$50.00$50.00$44.00
ATM IV84.7%78.4%90.0%90.0%83.8%
Expected Move24.5%22.4%27.9%27.9%24.7%
HV 20d99.7%86.6%109.9%90.4%90.6%
HV 60d77.9%69.5%83.0%71.3%83.0%
IV Rank25.3%16.5%33.7%26.2%27.3%
IV Percentile58.4%36.1%72.2%71.0%58.7%
Term Structure-0.6%-3.5%1.1%-1.3%-1.0%
VWIV93.2%81.8%106.2%106.2%93.9%
Skew 25d7.2%5.1%10.5%6.6%5.3%
Skew 10d17.0%10.8%22.8%21.0%14.0%
Call IV 25d83.8%77.5%89.5%89.5%83.3%
Put IV 25d91.0%83.6%96.8%96.1%88.6%
Bid-Ask Spread %30.7317.6051.4946.6835.34
Gamma HHI0.040.020.100.030.03
Net GEX1.5M-6.3M8.5M175.7K3.4M
Net DEX32.7M-181.5M252.9M141.3M-125.8M
Net VEX-4.5M-5.1M-3.8M-4.2M-4.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.661.491.261.38
Total Volume157,868.947116,120276,550163,430147,770
Total OI875,975.263725,610993,530844,570734,470

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$37.24$50.0090.0%27.9%90.4%26.2%106.2%6.6%-1.3%175.7K141.3M-4.2M1.2646.68N/AN/A72,24091,190519,190325,380
2022-02-02$34.89$49.0084.9%25.7%91.7%21.0%98.5%10.5%0.8%-2.4M228.0M-3.9M1.4951.49N/AN/A96,090143,520537,590360,460
2022-02-03$34.15$45.0089.1%25.1%89.8%25.2%92.1%10.1%-0.3%-3.3M252.9M-3.8M0.8026.41N/AN/A84,95067,960549,770378,560
2022-02-04$39.27$45.0085.2%24.7%106.2%21.4%93.4%6.5%0.1%4.8M18.4M-4.4M0.7330.93N/AN/A159,880116,670557,490378,420
2022-02-07$41.17$45.0088.2%24.9%108.0%24.4%95.1%5.2%-0.7%4.4M-61.9M-4.8M0.6817.60N/AN/A132,14089,950526,300339,950
2022-02-08$42.31$45.0082.4%23.6%108.6%18.6%92.4%5.6%-0.3%7.2M-97.5M-5.0M0.6619.84N/AN/A88,66058,460560,290370,030
2022-02-09$44.33$45.0078.4%22.4%107.5%16.5%81.8%5.1%-0.7%8.5M-181.5M-5.1M0.7121.05N/AN/A83,13058,890558,520382,270
2022-02-10$42.79$45.0080.8%23.2%107.5%19.7%87.1%5.8%-0.2%7.3M-99.9M-4.9M1.0124.73N/AN/A81,87082,920566,810394,390
2022-02-11$40.73$45.0086.9%24.4%107.4%30.1%92.4%8.3%-3.5%2.0M44.8M-4.8M1.0533.61N/AN/A77,86081,810572,480421,050
2022-02-14$40.96$45.0086.9%24.8%107.1%30.2%94.9%7.7%-0.5%59.8K57.8M-4.7M1.2022.15N/AN/A53,52064,380503,340370,810
2022-02-15$43.23$45.0081.0%23.2%107.5%22.5%91.8%6.4%0.1%2.6M-35.8M-4.9M1.0323.99N/AN/A63,52065,580512,940387,990
2022-02-16$43.45$45.0079.0%22.7%107.5%19.9%90.5%6.9%-0.1%3.9M-55.1M-4.9M1.0533.21N/AN/A56,52059,600523,790398,840
2022-02-17$40.59$45.0083.0%23.8%109.9%25.1%90.9%8.4%-0.6%-1.7M97.2M-4.5M1.2228.95N/AN/A60,38073,730528,300407,720
2022-02-18$39.80$45.0084.7%24.4%90.9%28.3%94.2%8.7%-1.3%-6.3M127.1M-4.4M1.3133.11N/AN/A62,37081,470531,380416,660
2022-02-22$37.84$45.0088.7%25.5%91.1%33.7%95.1%7.5%-1.4%-2.1M118.6M-4.1M1.3028.49N/AN/A52,67068,320394,040331,570
2022-02-23$36.69$45.0088.3%25.8%91.8%33.4%96.9%8.3%-1.1%-2.8M149.1M-4.0M1.1532.50N/AN/A56,75065,350408,340336,550
2022-02-24$39.42$45.0087.5%25.6%94.0%32.3%95.0%7.6%-0.9%167.2K47.6M-4.3M1.1237.37N/AN/A69,98078,350416,800346,190
2022-02-25$40.23$45.0081.4%23.1%86.6%24.1%88.2%7.2%1.1%3.2M-3.6M-4.4M0.9236.34N/AN/A78,79072,270432,940361,910
2022-02-28$44.00$44.0083.8%24.7%90.6%27.3%93.9%5.3%-1.0%3.4M-125.8M-4.8M1.3835.34N/AN/A62,19085,580410,110324,360