MSTR Options History — May 2024

In May 2024, MSTR traded between $104.82 and $171.50. ATM implied volatility averaged 97.7%, placing in the 38.5% IV rank vs the trailing year. The 30-day expected move averaged 27.9%. IV traded below realized volatility by 3.9% (HV 20d: 101.6%). Max pain ranged from $72.00 to $125.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2024-05-17: Highest Volume — 715,860 contracts
  • 2024-05-15: Largest IV spike — 12.9% change
  • 2024-05-01: Highest IV Rank — 47.3%
  • 2024-05-01: Largest Expected Move — 30.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$142.38$104.82$171.50$104.82$152.90
Max Pain$87.57$72.00$125.00$125.00$93.00
ATM IV97.7%88.0%107.4%107.4%93.5%
Expected Move27.9%25.4%30.7%30.7%25.9%
HV 20d101.6%89.3%109.8%99.2%89.5%
HV 60d126.0%109.0%133.5%132.3%109.0%
IV Rank38.5%29.7%47.3%47.3%34.7%
IV Percentile79.2%75.4%82.5%82.5%76.6%
Term Structure1.2%-1.7%3.3%1.5%-1.4%
VWIV101.7%92.4%113.0%113.0%96.1%
Skew 25d-11.0%-16.4%-7.1%-7.1%-9.0%
Skew 10d-20.3%-31.4%-9.8%-15.1%-22.7%
Call IV 25d106.4%92.4%120.5%113.8%100.9%
Put IV 25d95.4%84.8%106.7%106.7%91.8%
Bid-Ask Spread %36.6627.9245.1033.8143.63
Gamma HHI0.050.020.230.020.04
Net GEX46.1M-19.7M100.5M-4.3M-19.7M
Net DEX-6.87B-10.57B-2.67B-2.67B-6.50B
Net VEX-24.9M-27.1M-22.2M-22.2M-25.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.541.770.721.07
Total Volume393,942.273201,970715,860402,810600,140
Total OI2,141,298.1821,918,2902,336,4202,078,8702,303,750

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$104.82$125.00107.4%30.7%99.2%47.3%113.0%-7.1%1.5%-4.3M-2.67B-22.2M0.7233.81N/AN/A234,570168,2401,078,8601,000,010
2024-05-02$112.08$121.50106.6%30.1%102.8%46.6%109.0%-7.3%2.3%18.0M-3.63B-23.2M0.6329.45N/AN/A196,450124,3201,144,1901,012,480
2024-05-03$121.78$121.00105.3%29.3%103.7%45.4%105.5%-8.0%2.9%64.6M-5.06B-23.9M0.5531.29N/AN/A368,880202,1001,178,1101,034,860
2024-05-06$126.41$72.00103.1%30.4%104.8%43.4%110.3%-8.9%2.6%34.4M-5.25B-24.3M0.6927.92N/AN/A196,830135,130969,400948,890
2024-05-07$125.40$74.0099.7%29.2%103.9%40.4%105.4%-9.2%3.1%29.0M-5.04B-24.2M1.7729.56N/AN/A105,320186,1901,025,760994,930
2024-05-08$124.40$77.0095.3%28.0%99.4%36.4%101.4%-7.8%3.3%24.1M-4.78B-23.8M1.1431.19N/AN/A94,330107,6401,047,7701,105,060
2024-05-09$126.27$77.0091.5%27.4%99.7%32.9%97.7%-8.1%2.9%37.6M-5.16B-23.7M0.6732.91N/AN/A189,070126,8301,074,5801,146,270
2024-05-10$119.49$78.0088.0%25.4%100.4%29.7%92.4%-7.6%2.3%-8.0M-4.04B-23.0M0.6438.08N/AN/A343,180218,5801,113,0501,174,130
2024-05-13$124.76$78.0090.5%26.3%97.4%32.0%95.4%-7.3%1.4%30.2M-4.91B-23.2M0.5838.33N/AN/A149,20085,850992,010958,030
2024-05-14$128.61$80.0091.3%26.2%94.9%32.7%93.1%-8.3%-0.6%45.0M-5.44B-23.6M0.5936.29N/AN/A161,58095,6501,041,740992,820
2024-05-15$148.67$80.00103.0%29.2%105.1%43.4%101.2%-10.9%-0.9%78.2M-8.53B-25.1M0.6235.22N/AN/A333,630206,8701,093,7601,030,720
2024-05-16$145.08$80.00101.8%28.9%105.7%42.3%109.4%-14.5%-0.8%82.0M-7.98B-25.8M0.7132.37N/AN/A250,900177,9501,142,8801,091,740
2024-05-17$156.62$80.00107.2%30.5%106.9%47.2%112.2%-16.4%-1.7%100.5M-10.00B-26.5M0.5435.39N/AN/A464,120251,7401,194,5101,141,910
2024-05-20$171.50$81.00106.6%30.5%104.9%46.6%112.4%-15.4%1.6%79.1M-10.57B-27.1M0.8035.48N/AN/A232,580184,9201,021,730980,870
2024-05-21$166.51$80.00100.5%28.8%106.0%41.1%103.3%-14.6%2.4%78.0M-9.83B-27.1M0.8937.09N/AN/A167,250149,3601,064,9701,045,730
2024-05-22$165.55$85.0096.6%27.7%104.3%37.5%98.5%-13.8%2.2%76.3M-9.58B-27.0M0.8239.99N/AN/A140,350114,5801,089,0701,093,140
2024-05-23$155.17$87.0091.5%26.2%107.1%33.0%98.0%-13.2%1.8%36.1M-7.68B-26.4M0.9042.60N/AN/A182,060164,6301,095,8801,120,420
2024-05-24$168.13$87.0091.5%26.0%109.8%33.0%98.3%-12.8%2.2%92.7M-9.79B-26.4M0.5544.24N/AN/A360,770198,5301,104,5101,152,570
2024-05-28$168.81$90.0093.4%26.5%109.8%34.6%95.4%-12.1%0.1%61.9M-9.06B-25.4M0.9444.54N/AN/A152,280142,750957,9801,028,990
2024-05-29$163.12$90.0091.5%25.4%89.3%32.9%93.3%-14.7%-0.3%59.6M-8.44B-25.3M1.0741.97N/AN/A116,820124,7801,014,2801,088,610
2024-05-30$156.25$90.0093.4%26.3%90.1%34.7%96.7%-14.5%-0.7%18.5M-7.30B-25.5M0.7545.10N/AN/A262,540197,2401,042,6601,174,930
2024-05-31$152.90$93.0093.5%25.9%89.5%34.7%96.1%-9.0%-1.4%-19.7M-6.50B-25.0M1.0743.63N/AN/A289,960310,1801,093,7001,210,050