MSTR Options
MSTR $123.33 · Updated Nov 10, 4:00 PM ET
MSTR is at $123.33. The nearest expiration, Nov 13, 2026 (3 days out), lists 102 strikes, with 70,418 calls and 56,015 puts traded in the latest session. At-the-money implied volatility is 94.1%. The at-the-money straddle prices a move of about $8.45 (6.9%) by expiration.
MSTR Options Chain
MSTR is at $123.33. The nearest expiration, Nov 13, 2026 (3 days out), lists 102 strikes, with 70,418 calls and 56,015 puts traded in the latest session. At-the-money implied volatility is 94.1%. The at-the-money straddle prices a move of about $8.45 (6.9%) by expiration.
MSTR Gamma Exposure (GEX)
MSTR total dealer gamma exposure is $17M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $119.55, with spot 3.2% above it. The call wall is $135.00 and the put wall $120.00.
MSTR Max Pain
MSTR max pain for Nov 13, 2026 (3 days out) is $126.00, 2.2% above the current $123.33. That is the settlement price at which the open contracts on that date would pay holders the least. For Dec 11, 2026, max pain is $160.00.
MSTR Put/Call Ratio (Put to Call Ratio)
Across every listed MSTR expiration, the put/call ratio is 0.98 by volume and 0.82 by open interest. More calls than puts are trading. 807,449 puts and 981,528 calls are open in total.
MSTR Implied Volatility
MSTR at-the-money implied volatility is 94.1% for Nov 13, 2026 (3 days out). For Dec 11, 2026 it is 75.8%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
MSTR Open Interest by Strike
Across all MSTR expirations, the largest call open interest near the current $123.33 sits at the $135.00 strike (59,972 contracts) and the largest put open interest at $110.00 (33,071). 981,528 calls and 807,449 puts are open in total.
MSTR Expected Move
The options market prices MSTR to move about $8.45 (6.9%) by Nov 13, 2026, a range of $114.88 to $131.78. For Dec 11, 2026 (31 days out) the expected move is $21.83 (17.7%).