MSTR Options History — November 2024

In November 2024, MSTR traded between $223.88 and $493.50. ATM implied volatility averaged 138.9%, placing in the 63.0% IV rank vs the trailing year. The 30-day expected move averaged 40.4%. IV traded above realized volatility by 11.1% (HV 20d: 127.9%). Max pain ranged from $185.00 to $330.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2024-11-21: Highest Volume — 1,127,157 contracts
  • 2024-11-11: Largest IV spike — 37.4% change
  • 2024-11-20: Highest IV Rank — 100.0%
  • 2024-11-22: Largest Expected Move — 63.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$343.54$223.88$493.50$228.75$392.41
Max Pain$276.25$185.00$330.00$185.00$327.50
ATM IV138.9%86.0%220.7%107.1%156.6%
Expected Move40.4%25.3%63.7%34.9%46.8%
HV 20d127.9%83.9%174.9%91.8%174.8%
HV 60d97.0%76.6%118.4%76.7%117.9%
IV Rank63.0%26.1%100.0%45.7%60.6%
IV Percentile85.4%41.7%100.0%79.0%96.0%
Term Structure-1.6%-8.8%1.3%-2.3%0.7%
VWIV145.6%92.0%223.2%131.3%168.3%
Skew 25d-14.2%-38.5%1.3%1.3%-7.8%
Skew 10d-21.4%-70.8%9.5%9.5%-14.9%
Call IV 25d152.7%90.6%232.3%111.0%167.7%
Put IV 25d138.5%85.6%218.2%112.2%159.9%
Bid-Ask Spread %13.187.5737.6137.6115.85
Gamma HHI0.070.020.180.180.02
Net GEX98.9M-20.5M171.4M-20.5M82.0M
Net DEX-21.93B-38.79B-9.54B-9.57B-25.83B
Net VEX-50.7M-70.8M-34.8M-35.1M-70.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.410.890.660.64
Total Volume564,026.9188,6891,127,157723,819457,382
Total OI2,184,697.951,867,6442,684,6992,036,3912,684,699

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$228.75$185.00107.1%34.9%91.8%45.7%131.3%1.3%-2.3%-20.5M-9.57B-35.1M0.6637.61N/AN/A435,354288,465921,2981,115,093
2024-11-04$223.88$230.00105.4%29.8%91.4%44.2%107.5%-0.5%-0.5%57.7M-9.54B-34.8M0.829.39N/AN/A105,43685,960848,8741,018,770
2024-11-05$229.31$230.00111.5%31.0%90.5%49.8%112.4%-1.3%-2.7%65.6M-10.28B-35.7M0.769.25N/AN/A107,42581,264878,2161,039,903
2024-11-06$258.71$230.0094.6%27.9%98.0%34.1%101.3%-3.3%1.3%145.2M-14.16B-36.4M0.7910.58N/AN/A161,707127,255900,8001,065,078
2024-11-07$271.57$230.0090.4%26.4%96.6%30.2%94.2%-3.2%0.3%168.5M-16.10B-37.1M0.7113.49N/AN/A238,611169,073921,8741,094,443
2024-11-08$266.41$240.0086.0%25.3%83.9%26.1%92.0%-5.0%1.0%106.6M-15.39B-37.0M0.4115.23N/AN/A369,186151,849950,0411,135,847
2024-11-11$344.04$240.00118.2%33.5%118.7%56.0%118.7%-16.6%-1.3%137.9M-24.48B-39.7M0.4312.50N/AN/A534,337229,330897,3311,055,202
2024-11-12$359.74$260.00122.4%34.8%116.1%60.0%127.4%-28.7%-0.5%171.4M-26.72B-43.7M0.5311.81N/AN/A312,583164,148972,4391,127,140
2024-11-13$325.59$270.00130.7%37.6%124.5%67.7%137.3%-38.5%0.5%149.7M-21.94B-45.7M0.4113.58N/AN/A521,021211,3281,018,4681,179,303
2024-11-14$329.25$280.00119.2%34.2%123.9%56.9%122.6%-29.5%-0.9%99.8M-21.10B-47.6M0.8714.34N/AN/A196,670171,3031,065,9181,239,333
2024-11-15$344.63$300.00126.7%36.2%120.6%64.0%133.1%-26.7%-0.7%112.7M-24.12B-49.8M0.8111.73N/AN/A259,922209,8221,098,8781,278,851
2024-11-18$386.90$300.00130.4%37.3%125.0%67.4%136.2%-27.4%-3.0%117.2M-24.59B-51.4M0.7412.38N/AN/A225,799166,887903,183985,371
2024-11-19$444.50$300.00148.8%42.6%130.0%84.5%154.2%-26.7%-3.8%170.1M-32.11B-54.7M0.8011.44N/AN/A366,879294,310959,5881,055,973
2024-11-20$493.50$300.00187.4%53.7%131.0%100.0%194.6%-18.9%-5.5%171.4M-38.79B-58.9M0.589.28N/AN/A605,122352,7291,012,8071,141,053
2024-11-21$390.53$310.00203.7%58.8%162.2%100.0%212.2%-9.6%-8.8%31.3M-23.66B-61.9M0.8913.56N/AN/A597,769529,3881,068,1311,272,247
2024-11-22$431.59$310.00220.7%63.7%164.0%100.0%223.2%-14.1%-4.9%68.1M-30.52B-68.8M0.807.57N/AN/A454,667363,2271,180,2331,362,867
2024-11-25$400.66$325.00188.5%55.3%166.2%80.2%195.7%-15.0%-2.3%54.4M-25.33B-67.3M0.589.51N/AN/A348,426201,1371,068,5811,213,896
2024-11-26$355.25$330.00169.6%49.9%173.1%68.6%176.9%-1.7%1.2%16.9M-19.14B-66.8M0.8613.67N/AN/A360,463311,0611,147,0901,266,596
2024-11-27$393.50$327.50160.8%47.9%174.9%63.2%172.1%-10.6%-0.4%71.3M-25.15B-70.8M0.7110.91N/AN/A300,787212,4561,219,5711,328,973
2024-11-29$392.41$327.50156.6%46.8%174.8%60.6%168.3%-7.8%0.7%82.0M-25.83B-70.4M0.6415.85N/AN/A279,410177,9721,308,5231,376,176