MSTR Options History — March 2022

In March 2022, MSTR traded between $36.86 and $52.21. ATM implied volatility averaged 79.9%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 23.6%. IV traded below realized volatility by 6.1% (HV 20d: 86.0%). Max pain ranged from $43.00 to $50.00. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.06.

Notable Days

  • 2022-03-17: Highest Volume — 161,070 contracts
  • 2022-03-18: Largest IV drop — 7.8% change
  • 2022-03-14: Highest IV Rank — 46.4%
  • 2022-03-07: Largest Expected Move — 29.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.40$36.86$52.21$46.30$48.76
Max Pain$45.83$43.00$50.00$44.00$45.00
ATM IV79.9%69.8%93.9%87.5%71.2%
Expected Move23.6%20.7%29.8%25.6%21.1%
HV 20d86.0%77.6%90.1%87.9%83.5%
HV 60d85.8%81.6%89.8%83.6%89.8%
IV Rank27.3%12.9%46.4%32.4%15.9%
IV Percentile44.1%9.9%88.1%71.4%15.1%
Term Structure-0.1%-2.5%2.0%-1.5%1.6%
VWIV86.3%75.2%111.3%94.1%75.5%
Skew 25d5.6%1.9%9.1%7.7%3.8%
Skew 10d13.4%4.8%20.4%14.0%9.2%
Call IV 25d78.7%69.7%91.1%84.6%71.4%
Put IV 25d84.3%72.2%99.6%92.3%75.3%
Bid-Ask Spread %27.6116.2145.5930.6427.80
Gamma HHI0.040.020.080.030.03
Net GEX3.7M-3.7M10.6M5.6M4.3M
Net DEX-104.8M-390.0M178.5M-243.5M-217.3M
Net VEX-4.6M-5.3M-3.8M-5.2M-5.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.761.420.951.11
Total Volume127,754.348104,900161,070136,980109,090
Total OI779,154.348679,240883,590773,950796,570

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$46.30$44.0087.5%25.6%87.9%32.4%94.1%7.7%-1.5%5.6M-243.5M-5.2M0.9530.64N/AN/A70,38066,600425,740348,210
2022-03-02$45.92$44.0081.5%23.8%88.1%24.2%88.6%3.8%0.2%6.3M-212.0M-5.1M1.2630.35N/AN/A46,73058,700438,180362,740
2022-03-03$42.76$44.0083.1%24.2%88.9%26.4%89.8%6.9%-0.4%1.4M-56.5M-4.7M1.0334.72N/AN/A60,66062,690442,440371,160
2022-03-04$41.00$44.0087.6%26.3%90.1%32.4%94.2%7.2%-1.2%-2.6M33.7M-4.4M1.1633.82N/AN/A63,18073,490443,420382,270
2022-03-07$39.10$44.0093.9%29.8%77.8%41.0%111.3%8.4%-1.4%-1.1M86.9M-4.2M1.2736.32N/AN/A48,95062,110405,710339,190
2022-03-08$40.88$43.0090.8%27.9%77.6%40.0%103.4%9.1%-0.8%-38.6K31.4M-4.4M1.4239.27N/AN/A47,45067,530415,070352,250
2022-03-09$43.72$43.0084.5%25.3%80.8%31.3%91.3%6.2%-0.9%3.0M-76.0M-4.6M1.0139.71N/AN/A64,92065,540422,770361,780
2022-03-10$41.87$43.0085.0%25.5%80.4%32.1%90.2%7.5%-0.8%658.8K6.9M-4.4M1.2345.59N/AN/A56,50069,630440,490374,610
2022-03-11$39.40$43.0087.4%26.6%82.3%38.7%97.8%8.2%-0.4%-3.7M111.1M-4.2M1.2241.60N/AN/A62,68076,260446,310385,090
2022-03-14$36.86$50.0092.1%25.0%83.7%46.4%88.5%6.2%-2.5%-3.4M178.5M-3.8M1.1720.24N/AN/A56,38065,900416,730355,520
2022-03-15$39.41$50.0087.1%24.4%87.5%45.9%88.2%6.8%-2.2%-1.2M86.7M-4.1M1.1617.64N/AN/A59,68068,930430,920369,420
2022-03-16$42.52$47.0083.4%23.7%89.7%40.9%84.0%5.3%-0.8%3.1M-51.5M-4.5M0.8816.24N/AN/A71,87063,590443,870383,710
2022-03-17$43.29$47.0078.0%22.2%89.9%30.0%84.1%6.2%-1.0%5.9M-90.0M-4.5M1.0416.21N/AN/A78,92082,150454,840398,850
2022-03-18$45.41$47.0071.9%21.5%87.7%17.2%79.5%5.9%0.6%9.0M-195.3M-4.6M0.9018.23N/AN/A80,28072,510461,530422,060
2022-03-21$43.57$47.0074.4%21.6%88.8%22.4%81.8%5.5%0.7%3.1M-60.9M-4.4M1.2621.24N/AN/A46,42058,480354,600324,640
2022-03-22$46.34$47.0072.1%21.4%88.5%17.6%78.4%5.1%0.3%5.9M-164.1M-4.6M1.0025.90N/AN/A61,53061,500361,250336,630
2022-03-23$45.36$47.0072.5%21.5%88.0%18.5%79.0%4.9%1.9%5.5M-125.6M-4.6M1.0818.79N/AN/A58,93063,450372,370348,950
2022-03-24$48.47$47.0070.7%21.0%87.5%14.8%77.1%3.0%1.4%10.6M-277.5M-4.8M0.8719.74N/AN/A82,56071,920378,380354,690
2022-03-25$47.10$47.0070.2%20.9%88.5%13.6%75.2%2.5%1.6%9.1M-195.2M-4.8M0.8022.51N/AN/A74,86059,630394,700380,260
2022-03-28$50.80$47.0072.5%21.0%86.9%18.5%78.6%1.9%0.2%6.6M-312.0M-5.1M0.9723.45N/AN/A70,77068,350366,220335,300
2022-03-29$52.21$47.0069.8%20.8%85.7%12.9%77.4%2.9%1.5%9.7M-390.0M-5.3M0.9327.31N/AN/A61,24056,870386,750361,780
2022-03-30$50.12$47.0071.0%20.7%87.2%15.3%75.7%3.4%2.0%6.6M-277.4M-5.1M0.7627.60N/AN/A61,52047,020392,960379,620
2022-03-31$48.76$45.0071.2%21.1%83.5%15.9%75.5%3.8%1.6%4.3M-217.3M-5.0M1.1127.80N/AN/A51,59057,500405,670390,900