MSTR Options History — June 2022

In June 2022, MSTR traded between $15.14 and $24.22. ATM implied volatility averaged 146.8%, placing in the 53.0% IV rank vs the trailing year. The 30-day expected move averaged 41.8%. IV traded below realized volatility by 13.5% (HV 20d: 160.3%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.65.

Notable Days

2022-06-13: Highest Volume — 569,740 contracts
2022-06-13: Largest IV spike — 48.5% change
2022-06-13: Highest IV Rank — 86.5%
2022-06-13: Largest Expected Move — 56.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.58	$15.14	$24.22	$24.05	$16.43
Max Pain	$29.90	$25.00	$35.00	$26.00	$25.00
ATM IV	146.8%	119.8%	199.2%	139.1%	142.6%
Expected Move	41.8%	34.5%	56.8%	42.3%	40.2%
HV 20d	160.3%	123.2%	202.6%	202.6%	143.2%
HV 60d	138.4%	128.5%	145.8%	131.1%	145.8%
IV Rank	53.0%	35.8%	86.5%	48.1%	50.4%
IV Percentile	93.6%	88.5%	99.2%	94.8%	92.1%
Term Structure	-2.1%	-7.6%	3.6%	-3.0%	-1.1%
VWIV	153.2%	129.4%	205.5%	156.8%	142.9%
Skew 25d	36.8%	26.3%	50.2%	33.0%	39.2%
Skew 10d	73.3%	50.0%	102.4%	64.6%	79.8%
Call IV 25d	128.4%	108.7%	169.7%	124.0%	123.2%
Put IV 25d	165.3%	135.4%	217.8%	157.0%	162.4%
Bid-Ask Spread %	48.83	34.50	56.17	34.50	46.03
Gamma HHI	0.05	0.02	0.18	0.02	0.06
Net GEX	-2.1M	-5.2M	4.5M	-1.2M	-5.2M
Net DEX	208.0M	52.8M	318.7M	116.1M	303.5M
Net VEX	-2.3M	-2.9M	-1.7M	-2.9M	-2.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.65	0.88	3.36	1.65	1.20
Total Volume	248,643.333	135,270	569,740	215,460	258,210
Total OI	1,259,677.619	1,029,920	1,593,970	1,126,100	1,428,310

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-06-01	$24.05	$26.00	139.1%	42.3%	202.6%	48.1%	156.8%	33.0%	-3.0%	-1.2M	116.1M	-2.9M	1.65	34.50	N/A	N/A	81,420	134,040	492,770	633,330
2022-06-02	$24.22	$35.00	135.3%	36.6%	200.5%	45.7%	132.7%	31.2%	-6.7%	-1.5M	118.6M	-2.9M	1.71	43.64	N/A	N/A	71,710	122,820	497,270	661,160
2022-06-03	$22.70	$35.00	140.3%	38.6%	195.2%	48.9%	148.7%	33.3%	-4.1%	-2.2M	183.8M	-2.7M	1.64	41.03	N/A	N/A	81,100	133,110	508,110	677,250
2022-06-06	$23.63	$35.00	130.1%	36.6%	195.4%	42.4%	134.0%	27.9%	-2.3%	-1.4M	141.4M	-2.7M	1.54	38.32	N/A	N/A	66,430	102,410	462,440	567,480
2022-06-07	$23.80	$35.00	120.9%	34.5%	163.3%	36.5%	136.3%	27.2%	-1.2%	-1.7M	159.1M	-2.7M	1.69	47.24	N/A	N/A	60,400	102,010	483,630	607,370
2022-06-08	$23.45	$35.00	119.8%	34.8%	163.1%	35.8%	129.4%	26.7%	0.7%	-1.8M	166.8M	-2.6M	1.21	43.37	N/A	N/A	61,170	74,100	492,900	643,050
2022-06-09	$21.81	$35.00	124.9%	35.6%	123.2%	39.1%	134.8%	26.3%	-0.9%	-3.4M	228.7M	-2.4M	1.43	46.46	N/A	N/A	59,530	84,980	501,860	652,870
2022-06-10	$20.43	$34.00	134.1%	38.4%	126.3%	45.0%	133.4%	27.9%	0.8%	-3.8M	257.9M	-2.3M	1.88	51.09	N/A	N/A	76,430	143,530	509,720	660,920
2022-06-13	$15.14	$34.00	199.2%	56.8%	152.2%	86.5%	205.5%	48.1%	-7.3%	-2.4M	306.3M	-1.7M	3.36	51.59	N/A	N/A	130,540	439,200	465,800	597,270
2022-06-14	$15.67	$30.00	190.6%	54.6%	153.2%	81.0%	200.5%	49.1%	-4.8%	-2.7M	299.2M	-1.9M	2.08	49.47	N/A	N/A	123,890	258,260	531,270	762,030
2022-06-15	$17.15	$30.00	178.7%	51.2%	153.7%	73.4%	191.6%	45.1%	-5.8%	-2.4M	251.3M	-2.1M	2.41	55.63	N/A	N/A	106,660	256,710	566,170	852,290
2022-06-16	$16.02	$29.00	185.7%	53.4%	151.7%	77.9%	184.5%	48.6%	-7.6%	-3.5M	318.7M	-2.1M	1.33	53.21	N/A	N/A	98,810	131,760	598,400	955,410
2022-06-17	$16.28	$28.00	167.8%	48.3%	149.8%	66.5%	172.7%	50.2%	-2.0%	-3.4M	312.6M	-2.0M	1.90	56.17	N/A	N/A	111,090	211,610	612,610	981,360
2022-06-21	$18.10	$27.00	149.1%	43.3%	154.9%	54.5%	155.7%	38.6%	0.1%	-1.6M	178.4M	-2.1M	1.68	53.44	N/A	N/A	109,270	184,060	497,700	697,360
2022-06-22	$17.10	$27.00	153.0%	44.9%	155.9%	57.0%	163.9%	40.0%	-0.3%	-2.2M	221.1M	-2.1M	1.44	53.56	N/A	N/A	82,300	118,820	532,520	759,240
2022-06-23	$18.68	$26.00	144.1%	41.3%	158.7%	51.3%	148.2%	38.8%	0.5%	-848.5K	157.0M	-2.3M	0.88	54.98	N/A	N/A	117,020	103,180	550,780	793,140
2022-06-24	$20.31	$26.00	127.8%	35.2%	161.1%	41.0%	132.5%	38.9%	3.6%	4.5M	52.8M	-2.4M	1.11	52.99	N/A	N/A	131,980	146,120	570,300	810,310
2022-06-27	$19.79	$26.00	128.4%	36.0%	158.9%	41.3%	139.7%	34.4%	-0.8%	-1.3M	149.6M	-2.3M	1.70	55.44	N/A	N/A	79,980	135,870	525,940	676,810
2022-06-28	$18.68	$25.00	134.8%	37.8%	159.9%	45.4%	136.9%	33.8%	-0.5%	-2.4M	199.8M	-2.2M	1.45	54.87	N/A	N/A	79,050	114,240	548,650	742,810
2022-06-29	$17.84	$25.00	135.8%	38.4%	143.3%	46.0%	136.5%	35.4%	-0.7%	-3.5M	245.2M	-2.2M	1.41	42.35	N/A	N/A	98,490	139,200	561,080	783,540
2022-06-30	$16.43	$25.00	142.6%	40.2%	143.2%	50.4%	142.9%	39.2%	-1.1%	-5.2M	303.5M	-2.0M	1.20	46.03	N/A	N/A	117,400	140,810	590,750	837,560