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

77.0%

123 strike

EXPECTED MOVE

$16.17

ATM straddle

MAX PAIN

$150.00

+21.6%

PUT/CALL VOLUME

1.93

9,328 / 4,825

NOV 27, 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
44.85	39.15	0.021	0.0027	-0.065	0.963	128.5%		5	42.00	80	0.53	1,649	628	118.4%	-0.037	-0.070	0.0027	0.021	0.30	0.76
40.00	34.75	0.027	0.0036	-0.078	0.950	124.1%		1	37.38	85	0.65	2,491	1,007	108.5%	-0.050	-0.083	0.0037	0.027	0.55	0.75
35.25	29.95	0.034	0.0050	-0.095	0.932	113.5%		1	32.60	90	0.79	5,143	1,075	98.5%	-0.068	-0.099	0.0050	0.034	0.71	0.87
30.60	25.30	0.044	0.0069	-0.116	0.906	104.7%			27.95	95	1.12	4,183	923	92.4%	-0.095	-0.119	0.0069	0.044	1.04	1.20
25.05	21.70	0.056	0.0094	-0.142	0.867	95.7%		29	23.38	100	1.66	3,442	1,330	87.9%	-0.134	-0.145	0.0094	0.056	1.59	1.73
21.05	17.50	0.070	0.0123	-0.172	0.813	91.7%		1	19.27	105	2.43	1,519	198	83.8%	-0.188	-0.175	0.0123	0.070	2.34	2.53
15.75	14.60	0.084	0.0153	-0.202	0.741	84.4%	3	93	15.18	110	3.63	816	180	81.2%	-0.260	-0.204	0.0153	0.084	3.50	3.75
11.95	11.30	0.096	0.0178	-0.226	0.655	80.0%	41	57	11.63	115	5.33	2,046	189	79.9%	-0.346	-0.228	0.0179	0.096	5.25	5.40
11.30	10.75	0.098	0.0182	-0.230	0.637	79.8%	1	1	11.03	116	5.63	43	57	78.6%	-0.365	-0.231	0.0183	0.098	5.45	5.80
10.70	10.15	0.099	0.0186	-0.233	0.618	79.3%	1	1	10.43	117	6.05	66	133	78.5%	-0.384	-0.234	0.0187	0.099	5.85	6.25
10.10	9.65	0.101	0.0189	-0.235	0.599	79.2%	4	20	9.88	118	6.47	80	101	78.2%	-0.403	-0.237	0.0190	0.101	6.30	6.65
9.55	9.05	0.102	0.0192	-0.237	0.579	78.7%	10	31	9.30	119	6.90	16	18	77.6%	-0.422	-0.239	0.0193	0.102	6.75	7.05
9.00	8.55	0.103	0.0194	-0.239	0.560	78.5%	194	105	8.78	120	7.38	1,671	142	77.4%	-0.442	-0.240	0.0195	0.103	7.20	7.55
8.45	8.05	0.103	0.0196	-0.240	0.540	78.0%	78	72	8.25	121	7.88	38	25	77.3%	-0.462	-0.241	0.0197	0.103	7.70	8.05
7.95	7.55	0.104	0.0197	-0.240	0.520	77.7%	84	37	7.75	122	8.38	18	57	76.9%	-0.482	-0.241	0.0198	0.104	8.20	8.55
7.45	7.10	0.104	0.0198	-0.240	0.501	77.3%	123	90	7.28	123	8.90	54	58	76.6%	-0.501	-0.241	0.0199	0.104	8.70	9.10
7.05	6.70	0.104	0.0198	-0.239	0.481	77.6%	203	114	6.88	124	9.47	3		76.6%	-0.521	-0.240	0.0200	0.104	9.25	9.70
6.55	6.25	0.103	0.0198	-0.237	0.462	76.9%	238	366	6.40	125	10.07	1,723	96	76.6%	-0.541	-0.238	0.0199	0.103	9.85	10.30
6.20	5.85	0.103	0.0197	-0.235	0.443	77.0%	148	110	6.03	126	10.63	90	81	76.0%	-0.560	-0.236	0.0198	0.103	10.45	10.80
5.80	5.45	0.102	0.0196	-0.233	0.423	76.7%	47	48	5.63	127	11.25	3	1	75.9%	-0.579	-0.234	0.0197	0.102	11.05	11.45
5.40	5.10	0.101	0.0194	-0.230	0.405	76.4%	35	32	5.25	128	11.88	27	9	75.6%	-0.598	-0.231	0.0196	0.101	11.70	12.05
5.10	4.75	0.100	0.0192	-0.226	0.386	76.5%	49	51	4.92	129	12.57	4	1	75.9%	-0.617	-0.227	0.0194	0.099	12.35	12.80
4.75	4.40	0.098	0.0190	-0.223	0.368	76.2%	322	968	4.58	130	13.28	1,102	22	76.1%	-0.635	-0.223	0.0191	0.098	13.05	13.50
4.45	4.10	0.097	0.0187	-0.218	0.350	76.2%	42	45	4.28	131	13.95	22	22	75.8%	-0.653	-0.219	0.0188	0.096	13.70	14.20
4.15	3.80	0.095	0.0184	-0.213	0.333	76.0%	82	104	3.98	132	14.73	30	7	76.4%	-0.670	-0.214	0.0185	0.094	14.40	15.05
3.85	3.55	0.093	0.0180	-0.208	0.316	75.9%	46	41	3.70	133	15.52	10	1	77.1%	-0.688	-0.209	0.0182	0.092	15.10	15.95
3.60	3.30	0.090	0.0176	-0.203	0.299	75.9%	59	68	3.45	134	16.00	3	2	74.1%	-0.704	-0.203	0.0177	0.090	15.30	16.70
3.30	3.05	0.088	0.0172	-0.197	0.284	75.5%	331	777	3.17	135	16.88	2,599	40	74.8%	-0.720	-0.198	0.0173	0.088	16.60	17.15
3.10	2.83	0.086	0.0167	-0.192	0.268	75.6%	14	37	2.96	136	17.40	1	1	72.3%	-0.736	-0.192	0.0169	0.085	16.80	18.00
2.84	2.63	0.083	0.0163	-0.186	0.253	75.4%	2	23	2.73	137	18.30	5	4	73.6%	-0.751	-0.186	0.0164	0.082	17.60	19.00
2.63	2.42	0.081	0.0158	-0.179	0.239	75.2%	29	43	2.52	138	19.13	15	7	73.7%	-0.765	-0.179	0.0159	0.080	18.65	19.60

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 27, 2026 CHAIN

OPTIONS CHAIN FOR OTHER TICKERS