MSTR Options History — February 2024

In February 2024, MSTR traded between $49.04 and $101.40. ATM implied volatility averaged 84.1%, placing in the 54.6% IV rank vs the trailing year. The 30-day expected move averaged 24.7%. IV traded below realized volatility by 1.1% (HV 20d: 85.3%). Max pain ranged from $47.00 to $69.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2024-02-28: Highest Volume — 1,105,870 contracts
  • 2024-02-26: Largest IV spike — 22.4% change
  • 2024-02-28: Highest IV Rank — 100.0%
  • 2024-02-29: Largest Expected Move — 38.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.64$49.04$101.40$50.54$101.40
Max Pain$55.48$47.00$69.50$47.00$69.50
ATM IV84.1%64.0%123.6%65.6%123.6%
Expected Move24.7%18.6%38.3%19.0%38.3%
HV 20d85.3%58.4%111.0%63.9%108.9%
HV 60d76.2%65.2%88.9%65.4%88.9%
IV Rank54.6%17.5%100.0%20.8%100.0%
IV Percentile71.8%24.6%100.0%32.5%100.0%
Term Structure-1.0%-5.8%1.6%1.6%-5.8%
VWIV87.6%67.4%133.8%68.1%133.8%
Skew 25d-12.9%-27.7%-4.0%-5.1%-23.6%
Skew 10d-22.5%-36.8%-8.0%-11.0%-35.1%
Call IV 25d94.2%67.9%142.4%69.9%142.4%
Put IV 25d81.2%63.1%118.7%64.8%118.7%
Bid-Ask Spread %22.8515.4033.3115.4024.20
Gamma HHI0.060.030.230.030.04
Net GEX28.8M-19.7M58.6M13.8M51.1M
Net DEX-2.99B-6.87B-661.4M-928.0M-6.87B
Net VEX-11.7M-16.0M-9.3M-9.8M-16.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.470.970.680.73
Total Volume525,354.5127,7501,105,870167,400895,000
Total OI1,856,5231,534,1302,330,0301,744,6002,330,030

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$50.54$47.0065.6%19.0%63.9%20.8%68.1%-5.1%1.6%13.8M-928.0M-9.8M0.6815.40N/AN/A99,50067,900858,490886,110
2024-02-02$50.04$48.0064.1%18.6%61.0%17.8%67.7%-4.9%1.1%19.7M-868.7M-9.6M0.7516.51N/AN/A111,55084,110885,900897,410
2024-02-05$49.04$48.0066.8%19.3%60.1%23.3%69.0%-4.0%0.3%3.2M-661.4M-9.3M0.7619.44N/AN/A72,64055,110775,220758,910
2024-02-06$49.96$48.0065.9%18.9%58.7%21.5%69.0%-4.7%0.1%7.1M-792.4M-9.6M0.9619.48N/AN/A102,61098,590800,390785,860
2024-02-07$50.60$48.0064.0%18.7%58.4%17.5%67.4%-5.4%0.9%13.5M-907.9M-9.6M0.9718.49N/AN/A175,040169,630834,500834,010
2024-02-08$58.11$49.0070.6%20.1%77.6%30.7%71.4%-7.2%-0.6%46.7M-2.40B-10.1M0.5022.24N/AN/A498,630246,950878,610878,280
2024-02-09$64.70$50.0076.7%22.0%83.6%43.0%76.2%-11.2%-0.0%58.6M-3.66B-10.6M0.4726.66N/AN/A577,370268,930942,880941,840
2024-02-12$71.60$50.0086.4%24.7%79.1%62.4%84.3%-12.3%-1.9%45.3M-3.88B-10.9M0.6024.97N/AN/A427,360255,870851,740896,680
2024-02-13$68.80$50.0080.7%23.0%80.5%51.0%80.9%-11.3%1.5%39.0M-3.34B-11.1M0.7426.75N/AN/A198,390146,400898,570982,460
2024-02-14$76.67$50.0090.5%25.9%86.5%70.7%91.2%-17.3%-1.4%49.7M-4.62B-11.3M0.5427.26N/AN/A453,850246,150927,5101,037,680
2024-02-15$71.47$57.0094.4%27.1%92.1%78.5%97.8%-17.3%-1.5%33.5M-3.51B-12.1M0.5020.67N/AN/A583,320289,260988,3401,126,190
2024-02-16$69.62$59.0089.3%25.6%92.6%68.2%91.6%-16.3%0.1%38.9M-2.95B-12.4M0.5626.67N/AN/A310,020174,4301,077,0301,206,140
2024-02-20$70.81$61.0087.7%25.5%91.6%65.1%91.1%-13.2%-1.3%17.2M-2.53B-12.5M0.6120.70N/AN/A179,710110,180803,130854,550
2024-02-21$67.03$61.0081.8%23.6%92.9%53.3%86.2%-12.0%-1.5%5.7M-2.02B-12.3M0.9626.70N/AN/A133,510128,170854,280902,810
2024-02-22$71.55$61.0082.7%24.0%93.9%55.0%88.0%-14.5%-0.9%19.7M-2.69B-12.7M0.7724.93N/AN/A222,440172,310876,660952,960
2024-02-23$68.43$61.5077.1%21.8%96.9%43.9%79.2%-11.8%-0.1%-19.7M-2.15B-12.6M0.7833.31N/AN/A210,930163,990935,250996,680
2024-02-26$79.93$62.0094.5%28.4%106.8%78.6%99.3%-18.9%-2.8%31.1M-3.69B-13.1M0.7119.43N/AN/A442,500312,860784,960876,450
2024-02-27$87.45$64.00100.3%31.1%109.2%90.3%109.4%-20.1%-3.1%53.9M-5.15B-13.8M0.8119.46N/AN/A395,120320,890918,9801,023,750
2024-02-28$95.12$65.50120.0%37.8%111.0%100.0%130.1%-27.7%-5.1%48.8M-6.10B-14.6M0.6723.72N/AN/A663,890441,980946,1001,123,120
2024-02-29$101.40$69.50123.6%38.3%108.9%100.0%133.8%-23.6%-5.8%51.1M-6.87B-16.0M0.7324.20N/AN/A518,210376,7901,026,9001,303,130