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

73.9%

125 strike

EXPECTED MOVE

$42.73

ATM straddle

MAX PAIN

$145.00

+17.6%

PUT/CALL VOLUME

0.92

1,869 / 2,040

MAR 19, 2027 CHAIN

CALLS											PUTS
Ask	Bid	Vega	Gamma	Theta	Delta	IV	Vol	OI	Mid	Strike	Mid	OI	Vol	IV	Delta	Theta	Gamma	Vega	Bid	Ask
76.35	69.70	0.056	0.0011	-0.013	0.967	94.7%		39	73.03	50	1.28	1,279	3	100.6%	-0.035	-0.021	0.0011	0.056	1.10	1.46
71.65	65.45	0.068	0.0014	-0.017	0.957	93.3%	4	7	68.55	55	1.58	645		95.7%	-0.045	-0.025	0.0014	0.069	1.28	1.87
67.20	60.55	0.082	0.0017	-0.021	0.945	87.8%		17	63.88	60	1.97	1,290	40	91.8%	-0.057	-0.029	0.0017	0.083	1.77	2.16
62.75	56.15	0.098	0.0021	-0.027	0.931	85.2%		36	59.45	65	2.52	717	2	89.1%	-0.072	-0.034	0.0021	0.099	2.31	2.73
58.45	53.35	0.115	0.0026	-0.032	0.914	89.6%		41	55.90	70	3.21	1,056	634	86.9%	-0.089	-0.038	0.0026	0.116	2.96	3.45
54.40	47.75	0.134	0.0030	-0.038	0.894	81.8%		28	51.08	75	3.95	3,505	15	84.3%	-0.109	-0.044	0.0031	0.135	3.65	4.25
50.35	43.80	0.153	0.0036	-0.043	0.871	80.1%	1	121	47.08	80	4.88	4,227	7	82.3%	-0.132	-0.049	0.0036	0.154	4.55	5.20
46.45	40.00	0.173	0.0041	-0.049	0.846	78.5%		69	43.23	85	6.05	10,386	4	81.0%	-0.158	-0.054	0.0041	0.174	5.70	6.40
42.80	36.40	0.192	0.0046	-0.055	0.818	77.3%	1	320	39.60	90	7.40	1,423	28	79.8%	-0.186	-0.059	0.0047	0.193	7.05	7.75
37.70	35.80	0.210	0.0052	-0.060	0.787	79.0%		189	36.75	95	8.90	664	115	78.5%	-0.217	-0.064	0.0052	0.212	8.55	9.25
34.15	33.05	0.228	0.0056	-0.065	0.755	78.2%		520	33.60	100	10.63	4,050	201	77.5%	-0.250	-0.068	0.0057	0.229	10.25	11.00
31.50	29.45	0.243	0.0061	-0.069	0.721	76.8%	5	129	30.48	105	12.53	909	77	76.5%	-0.284	-0.072	0.0062	0.244	12.15	12.90
28.70	26.90	0.257	0.0065	-0.072	0.686	76.5%	10	1,883	27.80	110	14.63	2,867	59	75.6%	-0.320	-0.075	0.0066	0.257	14.25	15.00
25.55	24.65	0.268	0.0068	-0.075	0.650	75.4%	34	202	25.10	115	16.90	651	33	74.6%	-0.357	-0.078	0.0070	0.268	16.55	17.25
23.20	22.10	0.276	0.0071	-0.077	0.614	74.6%	148	1,174	22.65	120	19.48	1,640	55	74.1%	-0.394	-0.080	0.0073	0.277	19.10	19.85
21.00	20.05	0.282	0.0074	-0.079	0.577	74.4%	70	263	20.52	125	22.20	935	100	73.5%	-0.431	-0.081	0.0075	0.282	21.85	22.55
18.70	18.05	0.286	0.0075	-0.080	0.541	73.4%	260	1,114	18.38	130	25.20	4,590	48	73.3%	-0.468	-0.081	0.0077	0.285	24.80	25.60
16.70	16.20	0.287	0.0076	-0.080	0.506	72.7%	37	198	16.45	135	28.23	867	4	72.5%	-0.504	-0.081	0.0078	0.286	27.75	28.70
15.15	14.60	0.287	0.0076	-0.079	0.472	72.7%	22	1,356	14.88	140	31.63	1,238	14	72.5%	-0.540	-0.080	0.0079	0.284	31.00	32.25
13.85	13.10	0.284	0.0075	-0.078	0.439	72.8%	49	1,308	13.47	145	34.67	838	6	70.8%	-0.574	-0.079	0.0078	0.281	33.85	35.50
12.45	11.75	0.280	0.0074	-0.077	0.408	72.6%	53	1,352	12.10	150	38.33	988	1	70.6%	-0.607	-0.077	0.0078	0.275	37.45	39.20
11.30	10.45	0.274	0.0073	-0.075	0.378	72.4%	24	626	10.88	155	42.52	472	4	72.1%	-0.638	-0.075	0.0077	0.268	41.55	43.50
10.15	9.55	0.267	0.0071	-0.073	0.350	72.5%	63	1,236	9.85	160	46.23	1,571		71.2%	-0.667	-0.073	0.0075	0.260	45.20	47.25
9.25	8.40	0.259	0.0069	-0.071	0.324	72.3%	239	808	8.82	165	50.40	860	54	71.7%	-0.695	-0.071	0.0073	0.249	49.90	50.90
8.35	7.60	0.250	0.0067	-0.069	0.299	72.4%	133	1,764	7.97	170	54.72	874	122	72.5%	-0.721	-0.068	0.0071	0.239	54.30	55.15
7.60	6.80	0.241	0.0064	-0.066	0.277	72.4%	18	877	7.20	175	58.80	592	80	71.9%	-0.745	-0.065	0.0069	0.228	58.25	59.35
6.65	6.05	0.231	0.0062	-0.064	0.255	71.5%	46	4,028	6.35	180	63.15	660	100	72.0%	-0.768	-0.062	0.0067	0.216	62.60	63.70
6.20	5.40	0.222	0.0059	-0.061	0.236	72.2%	21	638	5.80	185	67.92	497	1	74.0%	-0.789	-0.059	0.0064	0.204	66.10	69.75
5.65	4.85	0.212	0.0056	-0.058	0.218	72.3%	18	995	5.25	190	72.17	515	3	73.0%	-0.809	-0.057	0.0062	0.192	70.05	74.30
5.15	4.45	0.202	0.0054	-0.056	0.201	72.7%	15	756	4.80	195	76.88	71		74.1%	-0.828	-0.054	0.0060	0.179	73.55	80.20
4.65	4.05	0.193	0.0051	-0.053	0.186	72.8%	235	4,305	4.35	200	81.22	406	4	73.0%	-0.845	-0.051	0.0057	0.168	78.20	84.25

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

MAR 19, 2027 CHAIN

OPTIONS CHAIN FOR OTHER TICKERS