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

76.0%

125 strike

EXPECTED MOVE

$24.18

ATM straddle

MAX PAIN

$160.00

+29.7%

PUT/CALL VOLUME

0.85

10,498 / 12,417

DEC 18, 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
74.05	68.70	0.012	0.0006	-0.014	0.988	110.0%		238	71.38	50	0.27	2,655	15	136.7%	-0.012	-0.021	0.0006	0.012	0.22	0.32
69.15	65.50	0.016	0.0008	-0.019	0.984	156.1%		40	67.33	55	0.34	1,235	59	128.2%	-0.016	-0.026	0.0008	0.016	0.27	0.42
64.30	59.25	0.020	0.0011	-0.025	0.978	118.6%		88	61.77	60	0.45	4,660	6	121.0%	-0.022	-0.031	0.0011	0.021	0.37	0.53
59.45	55.40	0.026	0.0015	-0.032	0.971	128.6%	6	96	57.42	65	0.57	1,201	6	113.7%	-0.029	-0.038	0.0015	0.026	0.49	0.65
54.65	49.25	0.033	0.0020	-0.040	0.962	100.4%		186	51.95	70	0.73	2,858	88	107.3%	-0.039	-0.045	0.0020	0.033	0.64	0.83
49.85	44.50	0.041	0.0026	-0.049	0.949	95.7%	26	81	47.17	75	0.93	2,889	41	101.0%	-0.051	-0.054	0.0026	0.041	0.85	1.01
45.10	41.95	0.051	0.0034	-0.060	0.933	110.8%	21	134	43.53	80	1.23	8,747	608	96.0%	-0.068	-0.064	0.0035	0.051	1.15	1.30
40.65	36.55	0.063	0.0044	-0.072	0.911	99.1%		236	38.60	85	1.65	2,244	69	92.1%	-0.089	-0.076	0.0045	0.063	1.57	1.73
35.25	31.55	0.077	0.0056	-0.086	0.883	84.0%	1	157	33.40	90	2.23	8,648	387	88.7%	-0.117	-0.089	0.0057	0.077	2.16	2.30
31.15	28.25	0.092	0.0070	-0.101	0.849	87.6%		213	29.70	95	3.03	1,263	157	86.1%	-0.152	-0.104	0.0070	0.092	2.95	3.10
26.55	25.05	0.108	0.0084	-0.115	0.806	85.5%	58	2,852	25.80	100	4.03	9,322	2,139	83.5%	-0.195	-0.118	0.0085	0.108	3.95	4.10
22.65	21.40	0.123	0.0099	-0.130	0.756	82.6%	4	417	22.02	105	5.28	3,111	170	81.2%	-0.246	-0.132	0.0099	0.123	5.15	5.40
18.80	18.25	0.136	0.0112	-0.141	0.699	79.9%	12	1,339	18.52	110	6.90	4,376	1,109	79.7%	-0.303	-0.143	0.0112	0.136	6.80	7.00
15.70	15.30	0.147	0.0122	-0.150	0.637	78.6%	53	419	15.50	115	8.82	6,991	915	78.1%	-0.365	-0.152	0.0123	0.147	8.70	8.95
12.85	12.60	0.153	0.0130	-0.155	0.572	76.8%	396	1,302	12.72	120	11.15	6,080	1,309	77.1%	-0.430	-0.157	0.0131	0.153	11.05	11.25
10.60	10.30	0.156	0.0134	-0.156	0.507	76.3%	2,314	2,457	10.45	125	13.73	5,037	1,318	75.7%	-0.497	-0.157	0.0135	0.156	13.55	13.90
8.60	8.35	0.154	0.0133	-0.153	0.442	75.7%	1,022	1,843	8.47	130	16.73	3,663	343	74.9%	-0.562	-0.154	0.0135	0.154	16.55	16.90
6.85	6.65	0.149	0.0130	-0.146	0.381	74.8%	232	1,595	6.75	135	20.05	3,102	272	74.3%	-0.624	-0.147	0.0132	0.148	19.85	20.25
5.55	5.30	0.140	0.0123	-0.137	0.324	74.7%	260	3,469	5.42	140	23.70	3,202	101	74.1%	-0.682	-0.138	0.0125	0.139	23.50	23.90
4.40	4.20	0.130	0.0114	-0.126	0.272	74.5%	296	2,541	4.30	145	27.70	1,949	112	74.1%	-0.735	-0.126	0.0116	0.128	27.50	27.90
3.45	3.30	0.118	0.0104	-0.114	0.227	74.2%	770	5,339	3.38	150	31.52	4,223	210	72.2%	-0.781	-0.114	0.0106	0.115	30.90	32.15
2.77	2.61	0.105	0.0093	-0.102	0.188	74.6%	151	2,530	2.69	155	35.83	3,460	180	71.9%	-0.821	-0.102	0.0096	0.102	35.25	36.40
2.16	2.07	0.093	0.0082	-0.090	0.155	74.6%	1,911	15,544	2.12	160	40.33	13,758	178	72.3%	-0.855	-0.089	0.0085	0.088	39.75	40.90
1.74	1.61	0.082	0.0071	-0.079	0.128	74.9%	250	3,079	1.68	165	45.10	4,477	333	74.8%	-0.883	-0.078	0.0075	0.076	44.25	45.95
1.41	1.26	0.071	0.0062	-0.069	0.106	75.3%	342	2,495	1.33	170	49.77	2,479	102	75.1%	-0.906	-0.068	0.0065	0.064	48.90	50.65
1.10	1.00	0.062	0.0054	-0.061	0.088	75.6%	219	1,821	1.05	175	54.52	1,746	86	75.5%	-0.925	-0.059	0.0057	0.054	53.65	55.40
0.94	0.80	0.054	0.0046	-0.053	0.073	76.6%	610	8,556	0.87	180	59.23	8,708	100	72.9%	-0.941	-0.052	0.0050	0.045	58.45	60.00
0.79	0.65	0.048	0.0040	-0.047	0.062	77.6%	233	1,511	0.72	185	64.10	885	5	72.7%	-0.954	-0.046	0.0045	0.037	61.75	66.45
0.68	0.53	0.042	0.0035	-0.042	0.052	78.7%	158	1,923	0.60	190	68.95	2,446		0.0%	-0.964	-0.041	0.0039	0.030	66.65	71.25
0.59	0.43	0.037	0.0030	-0.037	0.045	79.7%	1,031	2,507	0.51	195	73.85	1,503	8	0.0%	-0.973	-0.037	0.0037	0.025	72.05	75.65
0.47	0.40	0.033	0.0026	-0.034	0.039	80.9%	318	10,623	0.43	200	78.82	1,541	3	0.0%	-0.979	-0.034	0.0033	0.017	78.10	79.55

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 18, 2026 CHAIN

OPTIONS CHAIN FOR OTHER TICKERS