MSTR Options History — December 2024

In December 2024, MSTR traded between $285.54 and $410.51. ATM implied volatility averaged 110.1%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 31.8%. IV traded below realized volatility by 30.9% (HV 20d: 141.1%). Max pain ranged from $125.00 to $335.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2024-12-05: Highest Volume — 779,087 contracts
  • 2024-12-03: Largest IV drop — 10.7% change
  • 2024-12-02: Highest IV Rank — 49.5%
  • 2024-12-02: Largest Expected Move — 40.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$365.07$285.54$410.51$376.81$285.54
Max Pain$176.55$125.00$335.00$330.00$180.00
ATM IV110.1%90.0%138.5%138.5%92.5%
Expected Move31.8%24.3%40.9%40.9%25.6%
HV 20d141.1%98.3%175.7%173.1%102.4%
HV 60d122.2%117.4%128.1%118.0%128.1%
IV Rank29.6%16.6%49.5%49.5%18.2%
IV Percentile69.0%38.9%88.1%88.1%47.2%
Term Structure2.3%-0.3%4.5%0.5%2.2%
VWIV121.5%89.1%153.7%153.7%91.9%
Skew 25d-14.9%-25.6%-1.2%-12.0%-1.2%
Skew 10d-25.5%-43.3%-4.2%-28.2%-4.2%
Call IV 25d125.1%96.7%149.8%149.8%96.7%
Put IV 25d110.2%92.3%137.8%137.8%95.6%
Bid-Ask Spread %22.219.7341.339.7312.71
Gamma HHI0.040.020.100.030.03
Net GEX91.6M-39.8M237.0M79.4M-8.8M
Net DEX-21.58B-29.76B-9.85B-22.98B-9.85B
Net VEX-68.8M-72.4M-58.6M-67.6M-58.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.420.890.730.67
Total Volume517,033.238263,107779,087373,774542,449
Total OI2,642,271.6672,351,5053,020,0282,351,5052,494,501

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$376.81$330.00138.5%40.9%173.1%49.5%153.7%-12.0%0.5%79.4M-22.98B-67.6M0.739.73N/AN/A215,444158,3301,135,7941,215,711
2024-12-03$372.60$332.50123.7%36.1%172.7%39.5%134.3%-8.5%3.0%61.2M-21.79B-66.8M0.6912.37N/AN/A216,355148,5071,182,2971,269,748
2024-12-04$406.35$335.00132.8%40.0%174.1%44.0%149.3%-15.6%-0.1%134.3M-26.96B-69.5M0.4210.07N/AN/A370,720156,7931,208,8061,306,853
2024-12-05$385.24$125.00126.7%37.0%172.9%40.1%139.3%-20.7%0.8%121.2M-24.83B-69.7M0.5530.75N/AN/A503,315275,7721,309,7481,344,948
2024-12-06$394.38$129.00124.5%36.5%172.5%38.7%135.1%-22.0%2.5%146.8M-26.39B-71.6M0.5741.33N/AN/A426,163244,6601,370,0201,420,886
2024-12-09$363.84$130.00119.0%34.9%175.7%35.2%134.4%-25.6%2.6%77.8M-21.83B-69.1M0.6538.02N/AN/A257,992166,8061,209,6811,292,834
2024-12-10$375.85$132.00110.0%33.0%151.4%29.4%132.3%-23.5%4.3%102.4M-23.26B-69.5M0.6236.13N/AN/A197,540122,6391,286,0111,341,289
2024-12-11$410.51$135.00112.2%33.3%153.7%30.8%128.9%-23.6%3.9%237.0M-29.76B-72.0M0.8234.04N/AN/A290,907237,3721,320,1151,359,648
2024-12-12$391.02$140.00109.0%32.3%150.0%28.7%123.8%-22.0%4.5%150.6M-26.32B-71.3M0.7626.22N/AN/A225,722172,4481,372,1711,407,078
2024-12-13$404.87$140.00109.1%31.9%150.3%28.8%122.4%-20.4%3.4%236.2M-28.56B-72.2M0.5113.33N/AN/A497,704252,0191,396,2121,449,366
2024-12-16$409.03$142.00107.3%31.1%149.7%27.6%127.1%-23.8%1.9%168.5M-28.92B-72.4M0.7723.78N/AN/A330,844254,8511,254,9731,339,154
2024-12-17$389.00$145.00102.1%29.4%145.5%24.3%114.7%-22.9%0.8%93.1M-24.88B-71.8M0.6726.59N/AN/A205,442137,0531,322,1641,403,161
2024-12-18$344.20$147.00106.1%30.4%142.0%26.9%123.3%-19.9%-0.3%-24.8M-16.78B-69.0M0.5135.30N/AN/A407,426206,2851,353,6881,441,633
2024-12-19$327.62$150.00110.2%31.6%135.5%29.5%117.4%-8.0%0.8%-39.8M-14.13B-67.6M0.8621.03N/AN/A417,364360,9541,417,7161,469,954
2024-12-20$358.75$162.00103.5%29.4%115.1%25.2%113.2%-9.8%2.0%98.8M-21.13B-72.1M0.7823.35N/AN/A416,088323,6121,509,2071,510,821
2024-12-23$332.40$160.00107.8%30.7%110.9%28.0%116.0%-9.3%2.7%61.4M-16.83B-67.9M0.8915.53N/AN/A196,940174,7671,210,1821,245,096
2024-12-24$356.84$170.0097.9%27.5%112.2%21.6%105.7%-7.8%3.5%135.6M-20.39B-70.5M0.6712.86N/AN/A157,157105,9501,278,0041,295,271
2024-12-26$342.57$170.0095.3%26.3%104.8%20.0%101.1%-6.2%3.7%66.8M-18.13B-67.6M0.4312.22N/AN/A310,420134,6551,307,1291,317,588
2024-12-27$327.02$175.0095.0%26.2%98.3%19.8%98.3%-5.8%2.7%-8.2M-15.98B-65.6M0.7612.35N/AN/A319,304243,8171,345,1901,355,451
2024-12-30$312.01$178.0090.0%24.3%99.2%16.6%89.1%-5.0%3.5%33.4M-13.53B-62.3M0.7018.78N/AN/A279,496195,6161,183,2221,234,384
2024-12-31$285.54$180.0092.5%25.6%102.4%18.2%91.9%-1.2%2.2%-8.8M-9.85B-58.6M0.6712.71N/AN/A325,471216,9781,228,2381,266,263