MSTR Options History — October 2022

In October 2022, MSTR traded between $21.00 and $27.91. ATM implied volatility averaged 97.2%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded above realized volatility by 23.3% (HV 20d: 73.9%). Max pain ranged from $18.00 to $23.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.13.

Notable Days

2022-10-28: Highest Volume — 279,350 contracts
2022-10-04: Largest IV drop — 5.6% change
2022-10-11: Highest IV Rank — 27.9%
2022-10-11: Largest Expected Move — 31.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.77	$21.00	$27.91	$22.39	$26.73
Max Pain	$20.69	$18.00	$23.00	$22.00	$23.00
ATM IV	97.2%	86.1%	107.3%	102.2%	90.6%
Expected Move	28.2%	25.5%	31.0%	28.9%	27.7%
HV 20d	73.9%	64.8%	89.3%	87.3%	75.5%
HV 60d	86.8%	80.6%	94.3%	94.1%	80.8%
IV Rank	21.3%	13.3%	27.9%	24.6%	16.1%
IV Percentile	57.2%	39.3%	71.8%	64.3%	48.0%
Term Structure	-0.2%	-1.9%	2.8%	0.0%	-0.2%
VWIV	100.1%	87.8%	114.1%	104.9%	100.5%
Skew 25d	14.4%	12.3%	16.6%	14.1%	14.4%
Skew 10d	26.6%	22.4%	31.0%	30.8%	28.5%
Call IV 25d	91.3%	79.3%	102.8%	97.3%	84.3%
Put IV 25d	105.7%	94.4%	116.0%	111.3%	98.7%
Bid-Ask Spread %	25.39	15.25	49.24	45.96	25.92
Gamma HHI	0.05	0.03	0.15	0.03	0.05
Net GEX	1.1M	-3.0M	6.0M	-441.8K	1.8M
Net DEX	50.1M	-172.4M	187.7M	95.8M	9.0M
Net VEX	-2.2M	-2.4M	-2.0M	-2.2M	-2.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.13	0.74	1.50	1.40	1.19
Total Volume	188,236.19	145,740	279,350	177,510	145,740
Total OI	1,264,370.952	1,054,140	1,380,930	1,223,700	1,108,320

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
2022-10-03	$22.39	$22.00	102.2%	28.9%	87.3%	24.6%	104.9%	14.1%	0.0%	-441.8K	95.8M	-2.2M	1.40	45.96	N/A	N/A	73,890	103,620	606,910	616,790
2022-10-04	$24.41	$22.00	96.5%	27.5%	89.3%	20.9%	98.9%	13.8%	0.4%	2.2M	-14.5M	-2.4M	1.24	44.02	N/A	N/A	99,080	122,430	624,760	648,790
2022-10-05	$24.37	$22.50	96.6%	27.9%	86.6%	21.0%	99.4%	13.9%	2.8%	3.1M	2.9M	-2.4M	1.24	49.24	N/A	N/A	73,600	91,410	643,560	677,470
2022-10-06	$24.11	$21.00	97.5%	27.8%	84.0%	21.6%	100.9%	13.5%	0.2%	3.0M	29.7M	-2.4M	1.42	15.25	N/A	N/A	63,080	89,280	647,670	693,800
2022-10-07	$21.98	$21.00	102.3%	29.1%	79.5%	24.6%	104.0%	14.8%	0.3%	-2.6M	182.1M	-2.2M	1.49	16.80	N/A	N/A	87,510	130,740	654,680	709,640
2022-10-10	$22.05	$20.00	105.8%	30.2%	79.6%	26.9%	108.7%	14.0%	-0.3%	-1.7M	144.2M	-2.2M	1.15	19.07	N/A	N/A	81,780	93,990	612,530	637,090
2022-10-11	$21.48	$20.00	107.3%	31.0%	67.4%	27.9%	112.7%	13.2%	0.4%	-2.3M	167.8M	-2.2M	1.11	17.48	N/A	N/A	73,590	81,790	629,660	653,550
2022-10-12	$21.82	$20.00	106.3%	30.1%	67.7%	27.2%	112.5%	14.6%	-1.4%	-2.1M	158.7M	-2.2M	1.50	19.51	N/A	N/A	63,090	94,350	642,000	668,000
2022-10-13	$22.02	$20.00	102.4%	29.6%	65.8%	24.7%	111.3%	12.3%	0.4%	-1.9M	139.2M	-2.1M	1.03	19.87	N/A	N/A	83,810	86,640	650,720	685,560
2022-10-14	$21.00	$18.00	105.6%	30.3%	64.8%	26.7%	114.1%	15.3%	0.8%	-3.0M	187.7M	-2.0M	1.34	18.28	N/A	N/A	77,150	103,280	669,940	689,580
2022-10-17	$22.13	$18.00	100.7%	28.9%	67.2%	23.7%	109.1%	15.0%	-1.6%	-254.0K	109.2M	-2.1M	0.99	20.10	N/A	N/A	90,010	89,050	623,610	616,610
2022-10-18	$23.02	$18.00	96.4%	27.6%	66.6%	20.9%	94.2%	15.1%	-1.9%	2.3M	53.7M	-2.1M	0.91	25.17	N/A	N/A	96,440	87,470	655,640	629,640
2022-10-19	$22.57	$20.00	97.6%	28.0%	67.0%	21.6%	92.7%	15.1%	-1.8%	1.8M	107.7M	-2.1M	0.98	25.06	N/A	N/A	88,350	86,430	665,300	652,370
2022-10-20	$22.11	$20.00	96.6%	27.8%	67.7%	21.0%	88.5%	15.1%	-1.5%	738.5K	141.1M	-2.0M	1.27	26.08	N/A	N/A	78,230	99,070	682,530	667,410
2022-10-21	$23.37	$20.00	92.9%	26.8%	68.9%	18.7%	87.8%	16.6%	-0.8%	6.0M	62.8M	-2.1M	1.01	31.66	N/A	N/A	87,060	88,370	692,430	688,500
2022-10-24	$23.89	$20.00	93.0%	27.5%	67.1%	18.7%	93.9%	12.9%	0.1%	2.7M	33.2M	-2.1M	1.02	25.31	N/A	N/A	94,590	96,130	561,840	492,300
2022-10-25	$26.84	$21.00	87.8%	26.4%	77.2%	15.4%	92.0%	14.1%	-0.0%	3.9M	-126.2M	-2.3M	0.96	22.97	N/A	N/A	131,140	125,890	579,380	527,450
2022-10-26	$27.52	$22.00	90.1%	26.9%	75.2%	16.9%	94.0%	14.2%	-0.9%	5.2M	-157.9M	-2.4M	0.91	18.23	N/A	N/A	129,160	117,880	605,960	562,390
2022-10-27	$27.33	$23.00	87.6%	26.3%	73.8%	15.3%	91.3%	15.4%	0.1%	2.9M	-100.9M	-2.4M	0.83	23.47	N/A	N/A	92,210	76,280	627,000	598,800
2022-10-28	$27.91	$23.00	86.1%	25.5%	73.9%	13.3%	91.1%	15.2%	0.6%	2.1M	-172.4M	-2.4M	0.74	23.83	N/A	N/A	160,970	118,380	639,680	611,930
2022-10-31	$26.73	$23.00	90.6%	27.7%	75.5%	16.1%	100.5%	14.4%	-0.2%	1.8M	9.0M	-2.4M	1.19	25.92	N/A	N/A	66,410	79,330	583,960	524,360