MSTR Options History — March 2024

In March 2024, MSTR traded between $105.71 and $190.49. ATM implied volatility averaged 149.1%, placing in the 87.0% IV rank vs the trailing year. The 30-day expected move averaged 42.3%. IV traded above realized volatility by 0.5% (HV 20d: 148.5%). Max pain ranged from $58.00 to $96.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.79.

Notable Days

  • 2024-03-28: Highest Volume — 1,488,220 contracts
  • 2024-03-04: Largest IV spike — 32.0% change
  • 2024-03-01: Highest IV Rank — 100.0%
  • 2024-03-15: Largest Expected Move — 46.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$153.33$105.71$190.49$105.71$173.11
Max Pain$80.15$58.00$96.00$70.00$96.00
ATM IV149.1%125.3%165.5%125.3%144.3%
Expected Move42.3%38.9%46.4%38.9%41.2%
HV 20d148.5%108.3%164.5%108.3%164.5%
HV 60d112.4%88.2%123.4%88.2%123.4%
IV Rank87.0%77.6%100.0%100.0%80.8%
IV Percentile97.8%94.4%100.0%100.0%94.4%
Term Structure-1.0%-4.9%1.5%-4.9%0.6%
VWIV149.4%137.3%163.7%137.3%146.4%
Skew 25d-17.3%-33.4%-3.9%-16.8%-9.0%
Skew 10d-26.0%-59.1%-9.1%-27.5%-16.1%
Call IV 25d162.1%138.3%179.5%138.3%151.7%
Put IV 25d144.7%121.5%158.9%121.5%142.7%
Bid-Ask Spread %21.6318.1325.2525.2523.74
Gamma HHI0.040.020.100.100.04
Net GEX44.9M8.7M90.7M64.9M20.6M
Net DEX-10.44B-14.50B-6.38B-7.59B-10.83B
Net VEX-23.5M-28.8M-16.8M-16.8M-28.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.600.920.710.89
Total Volume721,959.5410,8801,488,220837,0601,488,220
Total OI2,384,713.52,043,6402,779,5302,516,6802,518,230

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$105.71$70.00125.3%38.9%108.3%100.0%137.3%-16.8%-4.9%64.9M-7.59B-16.8M0.7125.25N/AN/A489,610347,4501,108,7001,407,980
2024-03-04$133.85$58.00165.5%44.4%127.6%100.0%154.9%-25.7%-4.0%35.2M-9.44B-17.2M0.6421.18N/AN/A565,160360,380893,8001,182,570
2024-03-05$112.21$65.00149.1%39.9%149.1%85.1%146.3%-33.4%-4.5%20.7M-6.38B-19.2M0.7618.61N/AN/A420,100321,290974,7801,311,030
2024-03-06$122.58$70.00148.2%40.6%149.8%84.3%144.4%-33.0%-3.1%26.4M-7.68B-20.0M0.7818.13N/AN/A358,520279,7401,044,0901,403,000
2024-03-07$130.18$70.00145.5%40.7%149.3%81.9%140.2%-27.3%-1.9%46.2M-9.02B-20.4M0.8218.23N/AN/A226,370184,5101,097,4201,439,760
2024-03-08$141.31$70.00150.1%42.5%146.1%86.1%150.0%-24.9%-2.0%73.5M-10.82B-20.6M0.6219.09N/AN/A583,910360,5301,120,4701,465,350
2024-03-11$153.76$70.00157.3%44.5%145.0%92.6%158.0%-27.5%-1.3%40.4M-11.08B-21.2M0.9123.05N/AN/A369,160334,090971,3801,214,800
2024-03-12$158.53$75.00156.0%44.3%143.4%91.4%155.1%-21.8%-1.2%37.9M-11.40B-22.3M0.9223.72N/AN/A230,150212,6501,023,1201,345,330
2024-03-13$173.29$77.00153.3%43.7%141.2%88.9%154.2%-19.3%-0.6%58.7M-13.80B-22.8M0.8924.14N/AN/A338,910301,6501,084,0201,405,790
2024-03-14$162.11$82.00159.4%45.8%144.6%94.5%161.6%-18.1%0.6%37.8M-11.70B-23.8M0.8223.89N/AN/A388,640317,9601,124,6701,495,540
2024-03-15$176.74$85.00161.9%46.4%139.7%96.8%163.7%-16.4%-0.3%76.8M-14.50B-25.0M0.8524.21N/AN/A566,170478,7501,200,5501,578,980
2024-03-18$150.71$85.00153.5%43.9%155.8%89.2%157.0%-16.9%-0.6%21.1M-8.43B-24.5M0.8918.99N/AN/A346,000307,960951,6401,092,000
2024-03-19$142.00$87.00142.4%40.8%159.6%79.1%144.2%-10.2%0.3%8.7M-7.22B-24.6M0.8121.28N/AN/A432,260350,1201,004,0301,188,720
2024-03-20$153.13$88.00142.6%40.9%156.5%79.3%143.2%-3.9%-0.4%34.5M-9.26B-26.0M0.8221.62N/AN/A248,740204,3601,103,7901,253,040
2024-03-21$159.86$89.00141.6%40.6%156.3%78.4%143.4%-9.1%1.0%55.4M-10.37B-26.2M0.8320.34N/AN/A323,270267,9401,135,0901,271,870
2024-03-22$153.16$90.00140.7%40.2%156.1%77.6%142.2%-6.5%1.5%20.9M-8.87B-26.1M0.8621.21N/AN/A345,700296,2201,168,1801,339,500
2024-03-25$185.07$90.00150.0%42.9%159.9%86.0%150.7%-8.7%0.3%51.1M-12.55B-26.9M0.6019.59N/AN/A470,930281,410944,3201,122,060
2024-03-26$188.70$91.00148.4%42.6%159.0%84.6%149.4%-9.7%0.8%77.0M-13.69B-28.4M0.6322.48N/AN/A291,220182,1201,088,3701,215,640
2024-03-27$190.49$95.00146.1%41.8%158.4%82.5%146.7%-8.2%0.7%90.7M-14.08B-28.7M0.7623.92N/AN/A322,050244,9701,134,6701,269,990
2024-03-28$173.11$96.00144.3%41.2%164.5%80.8%146.4%-9.0%0.6%20.6M-10.83B-28.8M0.8923.74N/AN/A786,130702,0901,177,1401,341,090