MSTR Options History — April 2022

In April 2022, MSTR traded between $36.45 and $50.14. ATM implied volatility averaged 77.4%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 22.2%. IV traded above realized volatility by 8.0% (HV 20d: 69.3%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.16.

Notable Days

  • 2022-04-06: Highest Volume — 143,200 contracts
  • 2022-04-06: Largest IV spike — 7.5% change
  • 2022-04-29: Highest IV Rank — 69.5%
  • 2022-04-29: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.15$36.45$50.14$48.73$36.45
Max Pain$45.30$45.00$47.00$45.00$45.00
ATM IV77.4%68.7%94.1%70.6%94.1%
Expected Move22.2%20.2%27.0%20.7%27.0%
HV 20d69.3%58.8%81.6%81.6%67.6%
HV 60d85.1%79.4%89.6%88.5%81.0%
IV Rank30.8%10.6%69.5%14.6%69.5%
IV Percentile39.5%6.0%96.0%12.7%96.0%
Term Structure-0.1%-3.9%2.8%1.5%-3.9%
VWIV82.5%74.3%102.2%75.5%102.2%
Skew 25d6.6%3.8%12.8%4.0%12.8%
Skew 10d16.6%10.9%29.0%11.1%29.0%
Call IV 25d75.2%68.5%89.4%70.3%89.4%
Put IV 25d81.8%73.2%102.3%74.3%102.3%
Bid-Ask Spread %37.1427.7644.2427.7641.08
Gamma HHI0.040.020.100.030.04
Net GEX-1.8M-10.9M4.1M1.1M-4.3M
Net DEX-22.1M-227.3M221.5M-192.9M221.5M
Net VEX-4.4M-5.0M-3.7M-4.9M-3.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.752.430.991.02
Total Volume112,20443,220143,200115,360124,050
Total OI734,288.5619,630838,810813,240717,340

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$48.73$45.0070.6%20.7%81.6%14.6%75.5%4.0%1.5%1.1M-192.9M-4.9M0.9927.76N/AN/A58,11057,250409,500403,740
2022-04-04$50.14$45.0068.7%20.2%79.1%10.6%77.0%4.2%1.4%4.1M-227.3M-5.0M1.2630.07N/AN/A49,31062,130380,170363,410
2022-04-05$48.97$46.0071.0%20.6%79.1%15.4%76.4%3.8%1.1%2.2M-170.1M-4.9M1.3130.06N/AN/A47,96062,660395,490378,380
2022-04-06$45.62$46.0076.3%21.3%80.8%26.6%80.7%6.4%-0.4%-4.1M-11.0M-4.7M1.5930.88N/AN/A55,29087,910402,120388,390
2022-04-07$46.41$47.0073.0%21.1%79.1%19.5%78.0%5.3%0.3%-4.9M-54.6M-4.7M1.2339.63N/AN/A53,46065,530410,060407,960
2022-04-08$45.70$47.0073.7%21.1%75.7%20.9%76.3%5.5%0.3%-10.9M-14.6M-4.6M1.2332.01N/AN/A59,29072,630419,920418,890
2022-04-11$43.59$45.0077.6%21.8%73.4%29.2%83.9%5.7%-1.8%-4.2M56.0M-4.4M1.3633.03N/AN/A53,15072,180385,950377,480
2022-04-12$44.08$45.0076.4%21.7%70.1%29.1%79.9%5.6%-0.8%-2.7M8.2M-4.5M0.9933.91N/AN/A60,73059,840398,700380,710
2022-04-13$46.22$45.0071.0%20.5%67.0%16.7%76.4%6.0%0.1%-844.0K-90.4M-4.7M0.8937.49N/AN/A57,43050,910409,680391,360
2022-04-14$45.14$45.0071.7%20.3%67.5%18.4%74.7%5.8%-2.1%-3.3M-48.0M-4.6M1.0243.99N/AN/A54,56055,680419,990399,460
2022-04-18$44.58$45.0073.7%20.9%65.4%23.0%82.4%5.9%2.8%559.0K-67.2M-4.4M0.8536.74N/AN/A60,45051,450310,520309,110
2022-04-19$46.86$45.0071.3%20.3%66.0%17.4%76.1%6.9%2.4%3.3M-164.4M-4.6M0.9241.16N/AN/A55,18050,730323,710323,190
2022-04-20$45.44$45.0071.8%20.6%63.3%18.5%74.3%6.3%2.0%2.2M-101.5M-4.5M0.8542.95N/AN/A51,39043,940332,140338,810
2022-04-21$42.71$45.0076.2%21.7%66.6%28.7%79.1%7.3%2.1%-1.6M13.5M-4.2M0.7539.56N/AN/A70,02052,500336,810342,870
2022-04-22$41.48$45.0079.7%22.9%61.9%36.6%85.5%9.2%-0.4%-398.4K70.4M-4.1M1.3939.35N/AN/A52,11072,360348,160350,060
2022-04-25$42.66$45.0084.5%24.2%62.6%47.5%87.5%5.9%-3.2%-848.6K-4.1M-4.3M1.0039.41N/AN/A52,50052,470325,220324,930
2022-04-26$39.30$45.0089.4%26.0%60.7%58.8%93.8%8.8%-2.1%-3.1M110.1M-4.0M1.1841.15N/AN/A46,72055,060339,130338,230
2022-04-27$38.71$45.0088.5%25.9%58.8%56.7%96.2%8.3%0.2%-4.5M143.3M-3.9M2.4344.24N/AN/A12,60030,620341,340347,910
2022-04-28$40.14$45.0088.8%25.9%60.6%57.5%94.3%8.8%-1.8%-3.9M82.1M-4.1M0.8838.23N/AN/A60,71053,210345,890349,040
2022-04-29$36.45$45.0094.1%27.0%67.6%69.5%102.2%12.8%-3.9%-4.3M221.5M-3.7M1.0241.08N/AN/A61,36062,690356,480360,860