MSTR Options Chain

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.

EXPIRATION

ATM IV

83.2%

123 strike

EXPECTED MOVE

$13.43

ATM straddle

MAX PAIN

$135.00

+9.5%

PUT/CALL VOLUME

1.36

31,198 / 22,905

NOV 20, 2026 CHAIN

CALLS											PUTS
Ask	Bid	Vega	Gamma	Theta	Delta	IV	Vol	OI	Mid	Strike	Mid	OI	Vol	IV	Delta	Theta	Gamma	Vega	Bid	Ask
43.10	40.10	0.011	0.0021	-0.064	0.976	150.2%		71	41.60	80	0.27	7,726	3,236	134.8%	-0.024	-0.069	0.0021	0.011	0.25	0.29
38.20	34.30	0.015	0.0030	-0.080	0.967	103.2%		53	36.25	85	0.35	5,414	1,580	123.8%	-0.033	-0.084	0.0030	0.015	0.31	0.39
33.20	30.50	0.019	0.0043	-0.100	0.954	124.4%	6	305	31.85	90	0.46	11,563	831	113.2%	-0.046	-0.104	0.0043	0.019	0.41	0.52
28.50	25.70	0.026	0.0063	-0.129	0.932	114.5%		527	27.10	95	0.64	8,541	2,071	103.4%	-0.068	-0.132	0.0063	0.026	0.62	0.66
22.95	21.65	0.036	0.0091	-0.167	0.898	101.1%	53	976	22.30	100	0.98	10,543	4,860	96.5%	-0.102	-0.171	0.0091	0.036	0.96	1.00
18.50	17.45	0.048	0.0129	-0.217	0.845	96.5%	96	597	17.98	105	1.63	5,640	1,974	91.5%	-0.156	-0.219	0.0129	0.048	1.55	1.71
13.85	13.70	0.061	0.0172	-0.270	0.768	88.5%	121	1,092	13.77	110	2.63	15,553	3,254	88.3%	-0.232	-0.272	0.0173	0.061	2.54	2.73
10.25	10.15	0.073	0.0210	-0.315	0.670	85.5%	117	633	10.20	115	4.05	3,615	978	85.8%	-0.331	-0.317	0.0211	0.073	4.00	4.10
9.70	9.50	0.074	0.0216	-0.322	0.648	85.6%	153	128	9.60	116	4.40	43	42	85.2%	-0.353	-0.324	0.0217	0.074	4.35	4.45
9.55	8.90	0.076	0.0222	-0.328	0.625	85.0%	38	46	9.23	117	4.80	793	966	84.9%	-0.376	-0.330	0.0223	0.076	4.75	4.85
8.50	8.30	0.077	0.0227	-0.333	0.603	84.8%	79	54	8.40	118	5.20	77	146	84.4%	-0.399	-0.334	0.0228	0.077	5.15	5.25
8.30	7.75	0.078	0.0231	-0.336	0.579	84.3%	87	72	8.03	119	5.65	156	205	84.2%	-0.422	-0.338	0.0231	0.079	5.60	5.70
7.40	7.25	0.079	0.0234	-0.339	0.556	84.1%	576	1,652	7.33	120	6.10	11,437	2,525	83.7%	-0.445	-0.340	0.0235	0.079	6.05	6.15
6.80	6.75	0.080	0.0236	-0.340	0.532	84.0%	537	356	6.78	121	6.55	254	358	83.6%	-0.469	-0.342	0.0237	0.080	6.45	6.65
6.60	6.25	0.080	0.0237	-0.340	0.509	83.5%	316	202	6.42	122	7.10	119	213	83.1%	-0.493	-0.342	0.0238	0.080	7.05	7.15
5.85	5.75	0.080	0.0238	-0.339	0.485	83.4%	772	535	5.80	123	7.63	161	169	83.0%	-0.516	-0.340	0.0239	0.080	7.55	7.70
5.50	5.35	0.080	0.0238	-0.337	0.462	83.0%	212	214	5.42	124	8.05	170	141	82.6%	-0.540	-0.338	0.0238	0.080	7.85	8.25
5.00	4.90	0.079	0.0236	-0.333	0.439	82.9%	686	2,036	4.95	125	8.77	3,372	747	82.5%	-0.563	-0.334	0.0237	0.079	8.70	8.85
4.65	4.55	0.078	0.0234	-0.329	0.416	82.6%	223	252	4.60	126	9.38	116	44	82.2%	-0.586	-0.329	0.0236	0.078	9.30	9.45
4.25	4.15	0.077	0.0232	-0.323	0.393	81.9%	119	221	4.20	127	10.02	94	82	82.2%	-0.609	-0.324	0.0233	0.077	9.95	10.10
3.90	3.80	0.076	0.0228	-0.316	0.371	82.0%	781	1,052	3.85	128	10.68	963	91	81.9%	-0.631	-0.317	0.0229	0.076	10.60	10.75
3.60	3.50	0.074	0.0224	-0.308	0.349	81.8%	321	762	3.55	129	11.40	1,364	55	81.6%	-0.653	-0.309	0.0225	0.074	11.35	11.45
3.30	3.20	0.072	0.0219	-0.300	0.328	81.6%	1,073	2,443	3.25	130	12.07	4,810	591	81.8%	-0.674	-0.300	0.0220	0.072	12.00	12.15
3.00	2.94	0.070	0.0214	-0.291	0.307	81.5%	220	678	2.97	131	12.77	1,219	72	81.3%	-0.695	-0.291	0.0215	0.070	12.70	12.85
2.74	2.68	0.068	0.0208	-0.281	0.288	81.4%	214	694	2.71	132	13.52	480	308	81.3%	-0.715	-0.281	0.0209	0.068	13.45	13.60
2.50	2.44	0.066	0.0201	-0.271	0.269	81.3%	173	382	2.47	133	14.32	1,467	82	81.0%	-0.734	-0.271	0.0202	0.066	14.20	14.45
2.29	2.22	0.064	0.0194	-0.260	0.250	81.2%	733	930	2.25	134	15.10	510	27	81.3%	-0.752	-0.260	0.0195	0.063	15.05	15.15
2.07	2.02	0.061	0.0187	-0.249	0.233	81.2%	1,404	43,504	2.04	135	15.85	4,275	102	81.3%	-0.770	-0.248	0.0188	0.061	15.75	15.95
1.97	1.84	0.059	0.0179	-0.238	0.216	81.1%	745	645	1.91	136	16.65	291	15	80.5%	-0.787	-0.237	0.0180	0.058	16.55	16.75
1.71	1.65	0.056	0.0172	-0.227	0.200	81.0%	338	959	1.68	137	17.57	458	7	81.8%	-0.803	-0.226	0.0173	0.056	17.15	18.00
1.55	1.51	0.054	0.0164	-0.215	0.185	81.1%	440	784	1.53	138	17.93	317	3	71.8%	-0.818	-0.214	0.0165	0.053	16.75	19.10

amber OI or volume 3x the chain median / blue volume over 2x open interest on a busy strike / darker rows are in the money

How this is calculated: Options Chain methodology

EXPIRATION

NOV 20, 2026 CHAIN

OPTIONS CHAIN FOR OTHER TICKERS