MSTR Options History — January 2024

In January 2024, MSTR traded between $45.16 and $68.14. ATM implied volatility averaged 73.9%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded below realized volatility by 2.5% (HV 20d: 76.4%). Max pain ranged from $46.00 to $61.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.99.

Notable Days

  • 2024-01-12: Highest Volume — 1,217,920 contracts
  • 2024-01-11: Largest IV drop — 9.7% change
  • 2024-01-02: Highest IV Rank — 62.2%
  • 2024-01-02: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.19$45.16$68.14$68.14$50.35
Max Pain$55.93$46.00$61.00$46.00$52.50
ATM IV73.9%64.3%86.3%86.3%68.8%
Expected Move21.2%18.6%25.5%25.5%19.9%
HV 20d76.4%67.1%81.8%69.4%67.1%
HV 60d66.0%61.2%70.3%61.2%65.4%
IV Rank37.4%18.1%62.2%62.2%27.3%
IV Percentile52.9%25.0%75.8%75.8%48.8%
Term Structure-0.8%-3.4%1.5%-3.4%1.5%
VWIV77.3%67.9%92.2%92.2%75.6%
Skew 25d-2.9%-6.3%0.6%-6.3%-5.5%
Skew 10d-5.1%-11.8%1.7%-5.3%-11.8%
Call IV 25d77.0%65.8%91.4%91.4%73.7%
Put IV 25d74.1%64.3%85.2%85.2%68.2%
Bid-Ask Spread %46.8019.7658.3539.9558.35
Gamma HHI0.040.030.150.050.03
Net GEX-7.8M-54.3M23.9M23.9M17.2M
Net DEX-725.6M-2.54B721.9M-2.54B-959.3M
Net VEX-8.7M-10.1M-8.1M-8.2M-9.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.572.180.720.73
Total Volume429,603.81179,4001,217,920499,710194,660
Total OI1,869,174.7621,388,1402,334,7001,651,4901,686,030

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$68.14$46.0086.3%25.5%69.4%62.2%92.2%-6.3%-3.4%23.9M-2.54B-8.2M0.7239.95N/AN/A289,870209,840740,140911,350
2024-01-03$63.38$47.0085.2%25.2%72.1%60.1%91.2%-4.9%-1.4%1.2M-1.72B-8.4M0.7043.90N/AN/A326,010228,320832,440987,110
2024-01-04$65.92$61.0084.7%23.4%73.0%59.0%83.4%-5.5%-2.2%22.6M-2.24B-8.7M0.8119.76N/AN/A239,840194,820934,5701,061,900
2024-01-05$63.15$61.0083.3%23.4%74.9%56.2%84.3%-4.1%-2.5%-892.2K-1.70B-8.6M0.8228.42N/AN/A225,410184,980994,7001,133,870
2024-01-08$59.69$61.0085.3%23.8%77.9%60.3%86.2%-2.9%-2.2%12.0K-1.30B-8.4M0.8933.47N/AN/A250,620222,150800,770943,360
2024-01-09$57.72$61.0084.4%23.3%77.0%58.5%85.9%-2.6%-2.5%-9.8M-1.00B-8.8M0.8937.26N/AN/A128,450114,570886,6801,066,080
2024-01-10$56.75$61.0082.1%23.0%72.7%53.9%82.1%-5.5%-0.4%-13.9M-891.4M-8.7M1.1440.38N/AN/A200,070227,370928,5501,129,800
2024-01-11$53.90$60.0074.2%21.2%75.0%38.0%75.4%-3.1%-0.5%-35.8M-327.6M-8.5M0.9847.55N/AN/A305,130300,310986,6001,219,000
2024-01-12$48.74$60.0074.4%21.3%80.5%38.5%76.9%-0.6%0.0%-54.3M721.9M-8.1M2.1848.23N/AN/A383,210834,7101,038,2701,296,430
2024-01-16$47.64$59.0071.8%20.5%80.6%33.1%74.8%-1.0%-1.4%-30.3M198.5M-8.4M0.8550.14N/AN/A167,690142,630857,6301,156,670
2024-01-17$49.22$57.0067.9%19.5%81.8%25.4%71.4%-1.3%-1.3%-21.8M-165.7M-8.6M1.4151.16N/AN/A109,000153,980939,6701,173,870
2024-01-18$48.82$57.0068.6%19.7%81.6%26.8%71.4%-1.3%-1.0%-20.8M-138.9M-8.5M1.3857.05N/AN/A223,590308,370969,7501,193,760
2024-01-19$48.02$57.0066.6%19.2%81.6%22.9%70.1%-0.5%-1.2%-32.9M67.8M-8.6M1.3755.91N/AN/A195,930268,9601,028,0401,270,160
2024-01-22$47.15$56.0065.5%19.0%81.2%20.5%67.9%0.6%0.3%-15.1M-65.6M-8.2M0.8952.02N/AN/A176,520156,930608,420779,720
2024-01-23$45.21$54.0065.4%19.1%81.8%20.4%68.2%0.5%0.4%-18.4M109.3M-8.3M0.8351.55N/AN/A194,530161,650684,290814,630
2024-01-24$45.16$54.0065.2%18.9%78.0%20.1%69.1%-0.3%-0.1%-16.2M21.3M-8.5M1.1254.85N/AN/A146,750164,500749,680867,940
2024-01-25$45.73$52.5064.3%18.6%78.6%18.1%71.7%-1.5%0.7%-10.1M-146.9M-8.6M1.1356.26N/AN/A108,170122,540798,340882,950
2024-01-26$49.15$52.5065.7%19.4%71.7%20.9%69.8%-4.3%0.5%12.2M-824.9M-9.2M0.5753.63N/AN/A371,040211,450825,640883,960
2024-01-29$51.15$52.5071.2%21.2%74.4%32.0%77.8%-5.2%-0.3%16.5M-1.06B-9.8M0.8149.88N/AN/A219,930177,780751,010795,340
2024-01-30$52.13$52.5071.0%20.9%73.6%31.5%78.6%-5.9%0.6%23.2M-1.27B-10.1M0.6253.17N/AN/A110,87068,530816,350827,200
2024-01-31$50.35$52.5068.8%19.9%67.1%27.3%75.6%-5.5%1.5%17.2M-959.3M-9.9M0.7358.35N/AN/A112,66082,000845,620840,410