MSTR Options History — October 2023

In October 2023, MSTR traded between $31.19 and $42.98. ATM implied volatility averaged 66.7%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded above realized volatility by 21.5% (HV 20d: 45.2%). Max pain ranged from $33.00 to $38.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2023-10-24: Highest Volume — 445,990 contracts
  • 2023-10-24: Largest IV spike — 10.7% change
  • 2023-10-25: Highest IV Rank — 21.0%
  • 2023-10-25: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.67$31.19$42.98$32.86$41.95
Max Pain$34.64$33.00$38.00$34.00$38.00
ATM IV66.7%58.5%80.0%62.4%73.3%
Expected Move19.3%16.8%24.0%16.9%21.8%
HV 20d45.2%28.2%65.3%28.2%60.9%
HV 60d51.6%48.0%57.4%53.6%55.2%
IV Rank9.7%2.8%21.0%6.0%15.3%
IV Percentile23.1%4.4%50.8%10.7%42.9%
Term Structure-0.3%-1.5%0.8%0.8%-0.7%
VWIV69.4%59.1%86.3%62.3%79.1%
Skew 25d2.1%-2.9%5.6%4.1%-0.4%
Skew 10d5.7%-6.4%13.5%8.7%-0.2%
Call IV 25d66.7%57.2%83.0%60.9%73.6%
Put IV 25d68.8%61.0%80.1%64.9%73.2%
Bid-Ask Spread %28.2517.8945.6839.1636.13
Gamma HHI0.040.020.120.020.04
Net GEX3.9M-16.1M17.7M283.6K12.3M
Net DEX-530.3M-1.24B-123.0M-292.2M-922.3M
Net VEX-4.6M-5.5M-4.2M-4.3M-5.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.562.350.911.12
Total Volume186,856.36467,660445,990156,300121,330
Total OI1,431,675.9091,215,7501,656,4801,286,5401,495,400

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$32.86$34.0062.4%16.9%28.2%6.0%62.3%4.1%0.8%283.6K-292.2M-4.3M0.9139.16N/AN/A81,70074,600588,270698,270
2023-10-03$31.19$34.0065.6%18.2%33.1%8.8%63.9%5.6%0.5%-6.5M-123.0M-4.3M1.1345.68N/AN/A58,86066,410620,370736,160
2023-10-04$32.04$33.5064.2%17.2%35.0%7.6%63.0%4.5%0.3%-3.1M-216.0M-4.4M1.6043.77N/AN/A37,25059,740636,400764,190
2023-10-05$32.38$33.0063.6%18.4%35.2%7.1%64.6%4.7%0.3%-804.4K-259.6M-4.3M1.1520.59N/AN/A46,57053,440645,960780,640
2023-10-06$33.94$33.0061.4%17.7%39.6%5.2%62.2%5.1%0.4%15.3M-461.0M-4.4M0.8718.69N/AN/A83,33072,420662,620809,160
2023-10-09$34.07$34.0062.5%18.0%37.9%6.1%64.3%4.8%0.0%5.3M-423.0M-4.4M2.3522.01N/AN/A41,12096,450613,150722,840
2023-10-10$34.12$34.0059.8%17.2%37.7%3.8%61.4%4.5%0.2%6.4M-425.2M-4.4M1.6521.49N/AN/A40,25066,430621,420755,500
2023-10-11$33.51$34.0058.5%16.8%38.0%2.8%60.9%3.9%-0.1%579.7K-348.3M-4.3M1.4326.70N/AN/A55,13078,950634,320783,180
2023-10-12$32.45$34.0059.4%17.0%39.0%3.6%59.1%4.2%-0.4%-11.7M-211.4M-4.2M1.6129.28N/AN/A52,63084,980647,940816,750
2023-10-13$31.93$34.0061.6%17.7%38.1%5.4%61.8%4.5%0.1%-16.1M-143.6M-4.2M1.3524.83N/AN/A63,77086,150654,770837,290
2023-10-16$32.47$34.0065.3%18.6%38.5%8.5%65.9%2.9%-1.2%-4.7M-253.5M-4.2M0.5618.50N/AN/A173,00096,800601,250743,890
2023-10-17$33.40$34.0063.3%18.1%40.0%6.8%65.1%1.2%-0.7%3.3M-362.7M-4.4M0.9321.94N/AN/A78,69072,990682,400779,990
2023-10-18$32.69$34.0062.9%18.0%40.2%6.5%64.1%1.9%-0.4%-2.9M-275.3M-4.3M0.8033.98N/AN/A37,62030,040691,310796,510
2023-10-19$34.12$34.0062.4%17.9%41.9%6.1%64.9%1.2%-1.3%8.1M-456.1M-4.4M0.9031.68N/AN/A84,84076,680693,460804,120
2023-10-20$34.68$34.0064.8%18.7%41.8%8.1%68.1%1.8%-1.3%6.9M-514.5M-4.4M0.9032.62N/AN/A131,260117,780706,210828,760
2023-10-23$37.66$34.0070.8%20.8%50.3%13.2%76.5%-0.4%0.6%12.3M-732.1M-4.8M0.7617.89N/AN/A196,910148,850576,950638,800
2023-10-24$42.42$34.5078.4%23.5%62.6%19.6%83.7%-2.0%-1.5%17.7M-1.24B-5.3M0.6519.33N/AN/A269,850176,140641,770685,100
2023-10-25$42.98$37.0080.0%24.0%62.2%21.0%86.3%-2.9%-1.2%17.1M-1.24B-5.4M0.7724.05N/AN/A172,670133,490691,450769,450
2023-10-26$41.42$37.0078.1%23.5%64.1%19.3%86.2%-2.9%-0.7%12.2M-993.4M-5.5M1.1433.10N/AN/A117,580133,610730,630819,230
2023-10-27$40.53$37.0074.9%22.3%64.9%16.6%81.6%0.2%-0.3%4.2M-873.3M-5.3M1.1230.39N/AN/A123,400138,060749,390907,090
2023-10-30$41.89$37.0075.2%22.5%65.3%16.9%82.3%-1.1%-0.0%10.6M-895.6M-5.4M0.6729.76N/AN/A107,28071,790656,240778,270
2023-10-31$41.95$38.0073.3%21.8%60.9%15.3%79.1%-0.4%-0.7%12.3M-922.3M-5.3M1.1236.13N/AN/A57,32064,010692,490802,910