MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) Options History
Historical options analytics archive for STRF with monthly max pain, implied volatility, gamma exposure, and put/call data.
13 months of complete options data available.
STRF monthly aggregates
Month-by-month rollups derived from the daily snapshot archive for STRF. Volatility and put/call columns are averages across trading days within the month; max pain, net GEX, and net DEX are the end-of-month values (last trading day of the month).
| Month | Days | Avg ATM IV | Avg IV Rank | End Max Pain | End Net GEX | End Net DEX | Avg P/C |
|---|---|---|---|---|---|---|---|
| 2026-09 | 21 | 105.1% | 23.4% | $100.00 | $121.1K | -$1.2M | 2.29 |
| 2026-08 | 21 | 104.8% | 23.4% | $100.00 | $227.6K | -$2.3M | 0.64 |
| 2026-07 | 17 | 127.1% | 20.8% | $95.00 | -$12.8K | -$643.4K | 0.87 |
| 2026-06 | 12 | 28.6% | 6.8% | $100.00 | -$66.1K | $1.8M | 2.02 |
| 2026-05 | 19 | 45.4% | 11.6% | $105.00 | -$80.0K | $1.3M | 15.52 |
| 2026-04 | 16 | 51.2% | 21.3% | $100.00 | -$31.3K | $1.3M | 10.17 |
This archive aggregates STRF's daily end-of-day options snapshots into monthly summaries, spanning 2025-09 through 2026-09. Each month rolls up the underlying snapshot archive, which provides continuous end-of-day coverage from 2007 to present: implied-volatility levels, IV rank, and the put/call ratio are time-averaged across the month; total call and put volume are summed; and dealer positioning (net gamma and delta exposure) and the max-pain strike are taken at the month's final trading day. The result is a long-horizon view of how STRF option pricing, volatility regime, and dealer hedging pressure evolved month over month, useful for backtesting strategy assumptions and for studying volatility-regime shifts around earnings and macro events. The most recent aggregated month (2026-09) shows an average ATM implied volatility near 105.1%, a month-end max-pain strike around $100.00, an average put/call ratio of 2.29.
2026
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep
2025
Frequently asked STRF history questions
- How much options history is available for STRF?
- This archive holds 13 months of STRF options analytics, spanning 2025-09 through 2026-09. Each entry is a monthly rollup of STRF's daily end-of-day options snapshot record, which provides continuous coverage from 2007 to present. Use the year-grouped links on this page to jump to any specific month within the STRF archive.
- What data does each monthly STRF aggregate contain?
- Every monthly row summarizes that month of STRF option activity: time-averaged ATM implied volatility and IV rank, the month-end max-pain strike, end-of-month net dealer gamma (GEX) and delta (DEX) exposure, the average put/call ratio, and total call and put volume. For example, 2026-09 recorded an average ATM implied volatility near 105.1%, an average IV rank of 23.4%, a month-end max-pain strike around $100.00, an average put/call ratio of 2.29.
- How is the STRF options-history archive built and how often does it update?
- The archive is derived from STRF's daily end-of-day options snapshots, which capture spot, the full listed chain, implied volatility, and dealer-positioning exposures each trading day. Those daily records are rolled up into the monthly summaries shown here and refreshed as new end-of-day data lands. Traders use the long-horizon view to backtest strategy assumptions, study how STRF's volatility regime shifts around earnings and macro events, and compare current dealer positioning against historical norms.