MSTR Options History — September 2024

In September 2024, MSTR traded between $115.22 and $174.02. ATM implied volatility averaged 80.5%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded above realized volatility by 8.2% (HV 20d: 72.3%). Max pain ranged from $133.00 to $139.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-09-26: Highest Volume — 520,816 contracts
  • 2024-09-26: Largest IV spike — 8.0% change
  • 2024-09-06: Highest IV Rank — 28.3%
  • 2024-09-06: Largest Expected Move — 25.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.52$115.22$174.02$123.41$169.69
Max Pain$136.95$133.00$139.00$136.00$139.00
ATM IV80.5%74.7%86.5%83.5%84.5%
Expected Move23.1%20.3%25.1%24.5%23.3%
HV 20d72.3%63.0%80.7%73.7%73.4%
HV 60d80.0%78.9%81.1%79.4%80.9%
IV Rank22.7%16.8%28.3%25.6%25.8%
IV Percentile43.0%32.1%55.2%48.8%49.2%
Term Structure2.0%-1.5%9.9%0.3%9.9%
VWIV82.4%75.1%88.3%86.4%83.7%
Skew 25d0.9%-2.6%4.2%0.0%-1.4%
Skew 10d5.2%-0.9%11.2%3.6%2.5%
Call IV 25d81.4%75.6%87.6%85.7%87.6%
Put IV 25d82.3%76.4%89.4%85.8%86.2%
Bid-Ask Spread %25.7918.4441.4537.5619.28
Gamma HHI0.100.040.190.060.11
Net GEX60.5M-4.8M125.8M17.4M95.2M
Net DEX-4.70B-9.46B-1.90B-2.60B-7.72B
Net VEX-22.7M-27.2M-19.9M-20.4M-27.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.210.730.630.67
Total Volume193,269.4583,887520,816126,097144,966
Total OI1,632,806.251,529,6171,776,1821,529,6171,717,039

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$123.41$136.0083.5%24.5%73.7%25.6%86.4%0.0%0.3%17.4M-2.60B-20.4M0.6337.56N/AN/A77,34748,750734,698794,919
2024-09-04$124.41$135.0082.5%23.2%70.8%24.7%83.4%1.7%0.6%18.2M-2.66B-20.9M0.6541.45N/AN/A62,29140,785753,149809,875
2024-09-05$119.87$139.0084.5%24.6%67.0%26.5%87.7%2.2%0.3%3.9M-2.25B-20.2M0.2522.01N/AN/A145,50735,938770,479817,712
2024-09-06$115.22$139.0086.5%25.1%63.0%28.3%88.3%4.2%1.1%-4.8M-1.90B-19.9M0.7321.89N/AN/A103,45575,766785,034824,075
2024-09-09$124.91$139.0082.0%24.0%70.5%24.3%85.6%2.8%2.3%31.4M-3.00B-20.9M0.4425.46N/AN/A73,65432,587741,741806,468
2024-09-10$128.66$139.0081.0%23.6%71.0%23.4%84.8%4.1%-1.5%49.6M-3.47B-21.4M0.5423.97N/AN/A54,39229,495762,959813,999
2024-09-11$128.18$139.0080.5%23.6%69.9%22.9%86.8%3.7%0.7%55.4M-3.39B-21.4M0.6324.43N/AN/A56,94035,817773,076823,386
2024-09-12$130.68$139.0078.5%23.0%68.5%21.2%81.8%2.7%1.6%80.8M-3.72B-21.3M0.5624.57N/AN/A64,44535,964783,390833,895
2024-09-13$141.56$139.0077.7%22.6%74.1%20.4%78.8%0.2%2.0%52.7M-5.41B-22.3M0.2125.36N/AN/A352,93575,531795,129842,789
2024-09-16$135.66$139.0080.0%23.1%75.8%22.5%83.0%0.5%0.5%48.6M-4.09B-22.0M0.6325.39N/AN/A65,11540,999794,376814,876
2024-09-17$131.85$139.0084.9%24.3%76.4%26.9%86.7%0.8%-0.5%38.2M-3.70B-21.8M0.6225.22N/AN/A107,57867,135805,652828,206
2024-09-18$132.97$135.0078.9%22.6%76.4%21.1%80.4%0.2%0.5%43.4M-3.74B-22.3M0.4639.32N/AN/A99,29846,059829,538861,296
2024-09-19$144.80$133.0077.1%22.1%80.7%19.5%79.4%-0.6%0.8%100.3M-5.42B-23.6M0.4434.67N/AN/A170,47474,211837,624879,471
2024-09-20$144.67$134.0075.8%21.6%79.2%18.2%77.7%-0.5%1.5%69.3M-5.21B-23.5M0.2923.27N/AN/A227,05365,661854,597899,260
2024-09-23$148.61$134.0076.6%21.8%71.3%19.0%77.7%0.5%3.2%80.1M-5.56B-24.1M0.4318.44N/AN/A104,10145,186768,649804,815
2024-09-24$152.45$135.0075.9%21.5%71.8%18.3%75.7%0.6%2.4%96.5M-6.14B-24.1M0.5720.27N/AN/A74,34842,531793,358821,436
2024-09-25$152.42$135.0074.7%20.3%68.8%16.8%75.1%0.8%5.3%108.7M-6.21B-24.2M0.4919.51N/AN/A91,73744,716808,743832,757
2024-09-26$166.31$135.0080.7%22.9%71.6%22.3%81.3%-1.5%4.2%98.7M-8.35B-24.9M0.2320.38N/AN/A422,63798,179815,767845,710
2024-09-27$174.02$137.0084.4%23.6%72.4%25.6%83.8%-2.6%4.2%125.8M-9.46B-27.1M0.5823.36N/AN/A272,519159,287896,598879,584
2024-09-30$169.69$139.0084.5%23.3%73.4%25.8%83.7%-1.4%9.9%95.2M-7.72B-27.2M0.6719.28N/AN/A86,70458,262849,196867,843