MSTR Options History — June 2023

In June 2023, MSTR traded between $27.55 and $34.31. ATM implied volatility averaged 66.4%, placing in the 2.5% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 1.2% (HV 20d: 65.2%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2023-06-30: Highest Volume — 521,640 contracts
  • 2023-06-05: Largest IV spike — 10.9% change
  • 2023-06-21: Highest IV Rank — 7.4%
  • 2023-06-05: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.48$27.55$34.31$30.08$34.31
Max Pain$29.33$29.00$30.00$29.00$30.00
ATM IV66.4%61.7%72.1%67.6%63.8%
Expected Move18.9%16.8%20.9%19.5%16.8%
HV 20d65.2%53.0%73.2%70.5%69.5%
HV 60d77.3%70.4%87.7%87.7%71.1%
IV Rank2.5%0.0%7.4%0.0%1.9%
IV Percentile2.3%0.0%7.9%0.4%0.8%
Term Structure0.4%-1.6%4.8%-1.6%4.8%
VWIV68.2%60.9%75.5%69.9%60.9%
Skew 25d2.3%-1.8%5.1%4.1%0.6%
Skew 10d4.5%-4.9%9.9%6.7%2.6%
Call IV 25d66.1%60.3%72.4%66.5%62.4%
Put IV 25d68.5%63.0%73.9%70.6%63.0%
Bid-Ask Spread %32.8624.4641.2735.8730.71
Gamma HHI0.060.030.210.070.11
Net GEX4.1M-13.9M25.0M9.7M25.0M
Net DEX-348.0M-683.6M-102.2M-348.5M-683.6M
Net VEX-3.6M-4.1M-3.2M-3.3M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.681.891.391.30
Total Volume239,505.71474,820521,640110,460521,640
Total OI1,333,930.9521,120,4401,538,0001,233,0701,497,700

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$30.08$29.0067.6%19.5%70.5%0.0%69.9%4.1%-1.6%9.7M-348.5M-3.3M1.3935.87N/AN/A46,30064,160534,420698,650
2023-06-02$30.13$29.0065.0%18.5%70.0%0.0%65.4%4.5%-0.5%14.4M-337.7M-3.3M0.7133.57N/AN/A93,13066,090543,920721,070
2023-06-05$27.55$29.0072.1%20.9%73.2%5.3%75.5%3.6%-0.7%-3.3M-103.7M-3.2M1.8932.05N/AN/A103,980196,500478,200642,240
2023-06-06$29.85$29.0067.9%19.8%72.3%2.2%71.7%4.1%0.7%2.4M-303.0M-3.4M1.3333.32N/AN/A135,610180,810517,790743,220
2023-06-07$29.03$29.0066.3%19.5%72.8%1.0%69.4%4.0%1.3%-344.3K-230.4M-3.5M1.5230.66N/AN/A34,98053,110551,760805,180
2023-06-08$29.16$29.0065.2%19.2%70.8%0.2%68.2%4.2%0.7%-828.5K-238.4M-3.4M1.1836.94N/AN/A34,36040,460568,030835,280
2023-06-09$28.34$29.0065.3%19.1%62.6%0.3%68.0%4.8%1.0%-13.9M-125.4M-3.4M1.2730.31N/AN/A76,05096,730584,330867,740
2023-06-12$27.86$29.0067.4%19.2%58.9%1.8%71.1%4.6%-0.8%-4.0M-115.4M-3.3M1.7834.21N/AN/A49,15087,670514,920747,390
2023-06-13$28.29$29.0065.7%18.8%56.9%0.5%68.6%5.1%-0.2%-3.2M-152.5M-3.3M1.3735.21N/AN/A50,92069,540534,790794,570
2023-06-14$28.39$29.0064.5%18.8%56.0%0.0%67.6%3.6%0.8%-2.1M-170.5M-3.3M1.6341.27N/AN/A51,38084,000550,870823,870
2023-06-15$27.81$29.0065.2%18.4%53.0%0.5%65.3%4.9%-1.5%-7.2M-102.2M-3.2M1.6433.99N/AN/A114,810188,270570,340850,610
2023-06-16$29.29$29.0061.7%17.8%56.3%0.0%63.8%3.4%0.9%3.6M-300.1M-3.4M0.7538.43N/AN/A174,190130,160598,410939,590
2023-06-20$31.34$29.0065.4%18.8%61.1%3.0%67.2%1.6%-0.1%7.2M-451.4M-3.5M0.9330.67N/AN/A194,450181,080483,320642,180
2023-06-21$33.13$29.0069.9%20.1%63.3%7.4%73.5%-1.7%-1.4%12.6M-659.7M-3.8M1.1024.46N/AN/A218,560239,650542,860696,790
2023-06-22$32.70$30.0068.4%19.6%63.3%6.0%70.4%-1.8%-0.8%8.2M-569.9M-3.9M0.8426.53N/AN/A167,820141,390574,660769,030
2023-06-23$32.94$30.0067.4%19.3%62.7%5.1%69.2%-1.5%0.4%11.2M-571.7M-3.9M0.6828.66N/AN/A197,000134,040610,130824,550
2023-06-26$30.81$30.0068.7%19.0%67.6%6.2%70.0%1.4%1.6%-2.1M-279.1M-3.9M1.3032.07N/AN/A95,870124,750540,870708,350
2023-06-27$32.63$30.0067.6%18.8%70.0%5.3%67.9%-1.2%-0.2%5.7M-469.8M-4.0M0.9332.20N/AN/A87,15081,480562,940751,800
2023-06-28$32.56$30.0066.4%18.5%68.3%4.2%66.5%0.5%1.0%5.3M-458.7M-4.0M0.9130.93N/AN/A92,67084,510575,370782,650
2023-06-29$33.91$30.0062.6%17.1%69.5%0.8%61.7%-0.4%3.7%17.1M-635.8M-4.0M1.1838.08N/AN/A112,550132,650617,370814,790
2023-06-30$34.31$30.0063.8%16.8%69.5%1.9%60.9%0.6%4.8%25.0M-683.6M-4.1M1.3030.71N/AN/A226,400295,240648,690849,010