MSTR Options
MSTR $140.35 · Updated Oct 26, 4:00 PM ET
MSTR is at $140.35. The nearest expiration, Oct 30, 2026 (4 days out), lists 96 strikes, with 68,124 calls and 66,306 puts traded in the latest session. At-the-money implied volatility is 90.4%. The at-the-money straddle prices a move of about $10.63 (7.6%) by expiration.
MSTR Options Chain
MSTR is at $140.35. The nearest expiration, Oct 30, 2026 (4 days out), lists 96 strikes, with 68,124 calls and 66,306 puts traded in the latest session. At-the-money implied volatility is 90.4%. The at-the-money straddle prices a move of about $10.63 (7.6%) by expiration.
MSTR Gamma Exposure (GEX)
MSTR total dealer gamma exposure is $23M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $134.10, with spot 4.7% above it. The call wall is $152.50 and the put wall $125.00.
MSTR Max Pain
MSTR max pain for Oct 30, 2026 (4 days out) is $147.00, 4.7% above the current $140.35. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $155.00.
MSTR Put/Call Ratio
Across every listed MSTR expiration, the put/call ratio is 0.88 by volume and 0.84 by open interest. More calls than puts are trading. 758,843 puts and 900,297 calls are open in total.
MSTR Implied Volatility
MSTR at-the-money implied volatility is 90.4% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 70.4%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
MSTR Open Interest by Strike
Across all MSTR expirations, the largest call open interest near the current $140.35 sits at the $160.00 strike (59,842 contracts) and the largest put open interest at $160.00 (31,556). 900,297 calls and 758,843 puts are open in total.
MSTR Expected Move
The options market prices MSTR to move about $10.63 (7.6%) by Oct 30, 2026, a range of $129.73 to $150.98. For Nov 27, 2026 (32 days out) the expected move is $23.23 (16.5%).