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

76.1%

125 strike

EXPECTED MOVE

$19.35

ATM straddle

MAX PAIN

$150.00

+21.6%

PUT/CALL VOLUME

2.80

6,831 / 2,440

DEC 4, 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
74.40	68.50	0.008	0.0005	-0.017	0.991	170.4%			71.45	50	0.17	46	5	160.3%	-0.009	-0.024	0.0005	0.008	0.00	0.34
69.55	63.80	0.010	0.0007	-0.022	0.988	169.6%			66.67	55	0.27	3	2	154.7%	-0.012	-0.029	0.0007	0.010	0.00	0.54
64.55	58.90	0.012	0.0009	-0.028	0.984	154.8%		1	61.72	60	0.23	97		135.8%	-0.016	-0.035	0.0009	0.013	0.00	0.46
59.75	54.45	0.016	0.0012	-0.035	0.979	155.1%			57.10	65	0.41	476	464	128.9%	-0.021	-0.041	0.0012	0.016	0.28	0.54
54.90	48.95	0.020	0.0017	-0.043	0.973	132.1%			51.92	70	0.43	501	501	121.2%	-0.028	-0.048	0.0017	0.020	0.39	0.48
49.95	44.70	0.025	0.0023	-0.052	0.964	130.4%		5	47.33	75	0.62	620	603	116.0%	-0.036	-0.057	0.0023	0.025	0.49	0.75
45.15	39.90	0.031	0.0030	-0.063	0.952	120.7%			42.52	80	0.70	2,093	891	105.5%	-0.048	-0.067	0.0030	0.031	0.43	0.97
40.40	35.15	0.039	0.0041	-0.076	0.935	111.7%			37.77	85	0.93	2,670	993	99.1%	-0.065	-0.080	0.0041	0.039	0.82	1.04
35.05	30.50	0.050	0.0054	-0.092	0.912	97.4%	27	32	32.77	90	1.21	2,788	757	92.3%	-0.088	-0.096	0.0054	0.050	1.11	1.30
30.15	26.50	0.062	0.0071	-0.112	0.881	92.8%			28.32	95	1.80	1,396	7	89.7%	-0.120	-0.115	0.0072	0.062	1.69	1.91
25.80	22.15	0.076	0.0092	-0.133	0.839	87.4%		3	23.98	100	2.50	2,197	260	85.7%	-0.162	-0.136	0.0092	0.076	2.42	2.57
20.70	19.50	0.091	0.0113	-0.155	0.785	85.4%	30	41	20.10	105	3.53	452	71	83.0%	-0.216	-0.158	0.0114	0.091	3.35	3.70
17.05	15.90	0.105	0.0134	-0.175	0.719	82.7%	26	40	16.48	110	4.85	409	69	80.3%	-0.282	-0.177	0.0135	0.105	4.70	5.00
13.55	12.85	0.116	0.0152	-0.190	0.644	80.3%	27	33	13.20	115	6.67	537	327	79.0%	-0.357	-0.192	0.0152	0.116	6.55	6.80
10.55	10.05	0.122	0.0163	-0.198	0.564	77.9%	134	126	10.30	120	8.85	464	386	77.3%	-0.439	-0.200	0.0164	0.122	8.75	8.95
8.10	7.80	0.124	0.0167	-0.198	0.481	76.7%	121	256	7.95	125	11.40	702	198	75.4%	-0.521	-0.199	0.0168	0.124	11.15	11.65
6.15	5.90	0.120	0.0164	-0.190	0.401	75.8%	105	198	6.03	130	14.55	1,294	221	75.1%	-0.602	-0.191	0.0165	0.120	14.30	14.80
4.65	4.40	0.112	0.0154	-0.176	0.327	75.5%	99	741	4.53	135	18.02	2,092	182	74.5%	-0.677	-0.176	0.0156	0.111	17.75	18.30
3.45	3.20	0.101	0.0139	-0.157	0.261	75.0%	387	2,991	3.33	140	21.83	1,650	103	73.8%	-0.744	-0.157	0.0141	0.100	21.55	22.10
2.54	2.36	0.088	0.0122	-0.136	0.204	75.1%	224	669	2.45	145	25.90	1,196	71	73.0%	-0.801	-0.136	0.0124	0.086	24.90	26.90
1.86	1.71	0.075	0.0104	-0.115	0.158	75.2%	114	674	1.79	150	30.27	617	128	73.0%	-0.849	-0.114	0.0106	0.073	29.35	31.20
1.37	1.16	0.063	0.0086	-0.096	0.121	74.9%	87	232	1.27	155	34.75	1,405	134	71.8%	-0.886	-0.095	0.0089	0.059	33.65	35.85
1.03	0.85	0.052	0.0071	-0.079	0.093	75.7%	41	889	0.94	160	39.15	1,565	171	63.0%	-0.916	-0.078	0.0074	0.048	38.25	40.05
0.70	0.65	0.042	0.0057	-0.065	0.071	76.0%	24	464	0.68	165	44.25	1,320	159	72.2%	-0.938	-0.064	0.0061	0.037	43.15	45.35
0.56	0.45	0.035	0.0047	-0.054	0.056	77.0%	35	375	0.51	170	49.30	396	80	79.3%	-0.955	-0.053	0.0050	0.029	48.90	49.70
0.46	0.36	0.029	0.0038	-0.045	0.044	79.0%	173	794	0.41	175	52.70	338	40	0.0%	-0.968	-0.044	0.0041	0.022	50.95	54.45
0.36	0.25	0.024	0.0031	-0.038	0.035	79.6%	187	581	0.30	180	57.67	350		0.0%	-0.977	-0.036	0.0036	0.017	55.90	59.45
0.31	0.08	0.020	0.0026	-0.033	0.029	78.5%	35	253	0.20	185	63.72	125		0.0%	-0.985	-0.032	0.0031	0.011	60.85	66.60
0.24	0.19	0.017	0.0022	-0.028	0.024	83.7%	7	224	0.21	190	68.75	75		0.0%	-0.990	-0.029	0.0025	0.007	65.80	71.70
0.56	0.01	0.015	0.0018	-0.025	0.020	91.5%	2	378	0.29	195	74.05			90.9%	-0.994	-0.021	0.0018	0.005	70.80	77.30
0.20	0.10	0.013	0.0015	-0.022	0.017	87.1%	532	5,755	0.15	200	79.15	50		101.6%	-0.997	-0.014	0.0013	0.003	75.80	82.50

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

DEC 4, 2026 CHAIN

OPTIONS CHAIN FOR OTHER TICKERS