MSTR Options History — August 2023

In August 2023, MSTR traded between $32.93 and $43.68. ATM implied volatility averaged 64.2%, placing in the 2.8% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded above realized volatility by 8.5% (HV 20d: 55.7%). Max pain ranged from $37.00 to $40.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.29.

Notable Days

  • 2023-08-18: Highest Volume — 428,510 contracts
  • 2023-08-18: Largest IV spike — 8.1% change
  • 2023-08-18: Highest IV Rank — 6.7%
  • 2023-08-02: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.81$32.93$43.68$43.68$35.81
Max Pain$38.96$37.00$40.00$40.00$37.00
ATM IV64.2%59.5%69.1%67.7%62.4%
Expected Move18.3%16.4%20.4%19.9%17.5%
HV 20d55.7%45.1%68.4%54.5%63.7%
HV 60d63.2%59.8%67.8%66.6%62.7%
IV Rank2.8%0.0%6.7%5.3%2.5%
IV Percentile4.2%0.0%15.9%7.5%2.8%
Term Structure-0.1%-3.7%1.3%-1.2%0.7%
VWIV65.6%58.3%73.8%71.6%63.5%
Skew 25d1.8%-0.7%4.9%-0.6%1.4%
Skew 10d4.2%-0.7%11.7%0.6%3.3%
Call IV 25d64.5%57.9%71.0%69.6%62.8%
Put IV 25d66.3%62.1%72.0%69.0%64.2%
Bid-Ask Spread %30.5917.5141.6131.7941.22
Gamma HHI0.050.030.270.040.03
Net GEX-5.0M-28.3M8.7M4.8M1.9M
Net DEX-307.4M-788.7M175.2M-788.7M-401.9M
Net VEX-4.4M-4.8M-4.0M-4.7M-4.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.603.160.941.38
Total Volume156,053.47892,340428,510142,740162,320
Total OI1,294,187.3911,181,1501,402,3001,201,8301,388,360

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$43.68$40.0067.7%19.9%54.5%5.3%71.6%-0.6%-1.2%4.8M-788.7M-4.7M0.9431.79N/AN/A73,75068,990539,270662,560
2023-08-02$40.54$40.0068.9%20.4%61.8%6.5%73.8%-0.7%-3.7%-6.8M-462.2M-4.7M1.0225.65N/AN/A110,510112,840575,790699,870
2023-08-03$38.83$40.0069.1%19.4%63.8%6.6%68.8%0.3%-2.1%-14.3M-272.4M-4.6M1.0919.08N/AN/A73,48079,830607,420722,270
2023-08-04$37.61$40.0066.0%18.7%64.3%3.8%66.4%0.2%-1.2%-20.8M-101.8M-4.5M1.4617.51N/AN/A78,930115,270623,960748,340
2023-08-07$37.15$40.0065.5%18.6%61.2%3.4%66.4%1.3%0.1%-7.5M-238.3M-4.4M1.3523.68N/AN/A70,41095,030530,380673,990
2023-08-08$38.91$40.0065.1%18.7%63.0%3.0%67.0%0.3%0.4%-1.8M-440.3M-4.7M1.1121.02N/AN/A55,06061,110561,170707,540
2023-08-09$37.73$40.0065.1%18.8%63.8%3.0%67.1%0.3%0.2%-5.8M-319.2M-4.7M1.2128.68N/AN/A45,56055,150580,440732,380
2023-08-10$37.70$40.0063.3%18.1%45.1%1.4%65.5%0.6%-0.5%-6.0M-327.1M-4.6M1.3824.05N/AN/A42,27058,200594,020739,630
2023-08-11$38.31$40.0062.7%18.0%45.7%0.9%63.9%0.8%-0.4%1.7M-394.5M-4.6M0.9429.63N/AN/A58,77055,280612,860756,340
2023-08-14$38.80$40.0062.1%17.8%46.3%0.4%65.1%0.8%0.1%2.9M-484.1M-4.5M1.5124.60N/AN/A52,94080,010553,090659,030
2023-08-15$37.79$40.0061.2%17.6%46.7%0.0%63.4%2.2%0.8%-1.4M-376.9M-4.4M1.1031.99N/AN/A44,07048,270575,400701,460
2023-08-16$37.26$40.0061.8%17.7%45.7%0.5%63.6%1.2%0.8%-5.4M-319.0M-4.5M1.1025.02N/AN/A56,92062,400591,740729,500
2023-08-17$34.95$40.0063.7%18.2%48.6%2.2%66.2%3.0%0.5%-21.0M-76.5M-4.3M1.3534.78N/AN/A92,630124,600606,180752,140
2023-08-18$32.93$40.0068.8%19.8%51.4%6.7%69.2%4.2%-0.6%-28.3M175.2M-4.1M3.1633.24N/AN/A102,910325,600627,190775,110
2023-08-21$33.62$40.0066.8%18.9%52.9%5.0%65.9%3.7%-0.1%-5.5M-121.0M-4.0M0.9030.39N/AN/A57,39051,830527,900656,100
2023-08-22$33.12$37.0066.1%18.8%51.9%4.4%66.6%4.0%0.1%-5.7M-94.3M-4.1M1.3934.21N/AN/A42,34058,650555,480677,010
2023-08-23$34.79$37.0063.3%18.1%55.3%1.8%64.2%3.5%0.3%-734.6K-262.3M-4.2M1.1635.09N/AN/A68,39079,020575,670702,640
2023-08-24$33.74$37.0062.5%17.6%54.5%1.1%63.2%3.8%0.9%-3.9M-161.5M-4.1M1.3038.21N/AN/A41,16053,360597,920722,360
2023-08-25$33.61$37.0060.1%16.6%53.3%0.0%58.3%4.5%1.3%-8.0M-143.6M-4.0M1.3441.61N/AN/A55,62074,450610,990746,960
2023-08-28$34.52$37.0059.5%16.4%54.8%0.0%60.3%4.9%0.8%-1.0M-263.4M-4.1M1.8439.86N/AN/A35,86065,940532,030649,120
2023-08-29$38.29$37.0063.8%18.6%68.4%3.8%67.8%0.3%-0.2%8.3M-642.9M-4.6M0.6035.80N/AN/A196,370118,000550,960679,030
2023-08-30$36.98$37.0060.4%16.7%64.5%0.7%61.6%1.2%1.1%8.7M-553.8M-4.8M0.9936.45N/AN/A64,30063,440624,830729,880
2023-08-31$35.81$37.0062.4%17.5%63.7%2.5%63.5%1.4%0.7%1.9M-401.9M-4.8M1.3841.22N/AN/A68,15094,170635,470752,890