Tour v526
MSTR
STRATEGY INC A
$118.73 +5.64%
(8/20 18:04) ◀
|
Friday, August 21, 2026 (3:18pm)
January 2026
|
▶ (8/21 18:03)
◀ 8/21 15:18 ▶

Option Volume

Detail
ℹ
Current (08/21) 1,041,648
Calls: 786,330 (75%)
Puts: 255,318 (25%)
Prior (08/20) 746,828
Calls: 530,753 (71%)
Puts: 216,075 (29%)
Current vs Prior +39.48%
Calls: +48.15% (Calls)
Puts: +18.16% (Puts)
Prior 7-Day Total 3,438,150
Calls: 2,289,613 (67%)
Puts: 1,148,537 (33%)
Prior 7-Day Average 491,164
Calls: 327,087 (67%)
Puts: 164,076 (33%)
Current vs Prior 7-Day Avg +112.08%
Calls: +140.40%
Puts: +55.61%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/21) $1.08B
Calls: $989.43M (91%)
Puts: $92.26M (9%)
Prior (08/20) $408.31M
Calls: $280.13M (69%)
Puts: $128.17M (31%)
Current vs Prior +164.92%
Calls: +253.20%
Puts: -28.02%
Prior 7-Day Total $1.73B
Calls: $799.17M (46%)
Puts: $930.89M (54%)
Prior 7-Day Average $247.15M
Calls: $114.17M (46%)
Puts: $132.98M (54%)
Current vs Prior 7-Day Avg +337.66%
Calls: +766.65%
Puts: -30.62%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/21) 0.32
Prior (08/20) 0.41
Current vs Prior -20.24%
Prior 7-Day Average 0.52
Current vs Prior 7-Day Avg -37.95%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/21) 3,170,021
Calls: 1,786,116 (56%)
Puts: 1,383,905 (44%)
Prior (08/20) 3,013,208
Calls: 1,678,468 (56%)
Puts: 1,334,740 (44%)
Current vs Prior +5.20%
Prior 7-Day Total 19,980,480
Calls: 11,186,926 (56%)
Puts: 8,793,554 (44%)
Prior 7-Day Average 2,854,354
Calls: 1,598,132 (56%)
Puts: 1,256,222 (44%)
Current vs Prior 7-Day Avg +11.06%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 1.54% | 9.33%1.54% | 19.10%
Prior 4.88% | 10.29%4.88% | 19.82%
Current vs Prior -68.39% | -9.27%-68.39% | -3.64%
Prior 7-Day Avg 5.43% | 9.49%6.61% | 17.37%
Current vs 7-Day Avg -71.60% | -1.63%-76.68% | +9.98%
Prior 7-Day Eod 4.88% | 10.29%4.88% | 19.82%
Current vs 7-Day Eod -68.39% | -9.27%-68.39% | -3.64%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.06% | 5.88%
Calls: 10.28% | 5.26%
Puts: 11.84% | 6.51%
Prior 4.88% | 5.45%
Calls: 5.98% | 3.48%
Puts: 3.77% | 7.41%
Current vs Prior +126.64% | +7.89%
Prior 7-Day Avg 9.00% | 4.50%
Calls: 9.32% | 3.83%
Puts: 8.69% | 5.17%
Current vs 7-Day Avg +22.89% | +30.75%
Liquidity Pricy
+
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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($989.43M) vs puts ($92.26M). Massive premium surge with dollar volume up 165% vs prior. Dollar volume significantly above 7-day average (338% higher). Volume explosion - 112% above 7-day average (1,041,648 vs avg 491,164).

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BEARISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 297 of results (avg 5.9%, best 1.4%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 189.609.80$9.702.1%4.4K0.525.6K
$120.00Aug 284.754.85$4.802.1%19.8K0.4917.1K
$95.00Sep 1825.7026.30$26.002.3%6100.882.1K
$105.00Aug 2113.5513.90$13.732.5%12.3K1.0030.0K
$100.00Aug 2118.6019.10$18.852.7%19.7K1.0029.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 1810.5510.70$10.631.4%1.0K0.482.4K
$130.00Sep 1817.1017.45$17.272.0%1880.611.5K
$125.00Sep 1813.6513.95$13.802.2%2550.551.5K
$125.00Sep 411.0511.40$11.233.1%590.59392
$115.00Sep 187.808.05$7.933.2%5100.403.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.65, cheapest $0.22)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 210.200.23$0.2213.6%70.4K0.2212.7K
$119.00Aug 210.450.53$0.4916.3%16.9K0.431.2K
$140.00Aug 280.920.99$0.967.3%4.2K0.132.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$119.00Aug 210.710.80$0.7611.8%11.9K0.5759
$98.00Aug 280.250.30$0.2817.9%1.1K0.052.8K
$100.00Aug 280.360.39$0.387.9%2.8K0.064.9K
$102.00Aug 280.470.53$0.5012.0%6440.08747
$103.00Aug 280.550.61$0.5810.3%2.1K0.09610

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 206 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$95.00Aug 2123.1024.10$23.604.2%1.4K1.0042.8K
$96.00Aug 2122.1523.35$22.755.3%4671.003.5K
$97.00Aug 2121.6022.35$21.983.4%1091.001.9K
$98.00Aug 2120.5521.35$20.953.8%6.4K1.0012.8K
$98.50Aug 2119.7020.85$20.275.7%881.003.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 215.656.85$6.2519.2%1.9K1.001.2K
$130.00Aug 2110.6511.95$11.3011.5%661.00299
$135.00Aug 2115.6516.90$16.277.7%281.0021
$140.00Aug 2120.6521.75$21.205.2%31.00139
$140.00Aug 2821.5022.40$21.954.1%160.8626

Most actively traded options today. High liquidity = easy entry/exit. 410 active (total vol 705.6K, top 109.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 210.000.01$0.01100.0%109.9K0.0111.1K
$120.00Aug 210.200.23$0.2213.6%70.4K0.2212.7K
$130.00Aug 282.032.11$2.073.9%27.1K0.259.7K
$130.00Aug 210.000.01$0.01100.0%25.1K0.0013.1K
$120.00Aug 284.754.85$4.802.1%19.8K0.4917.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 211.401.52$1.468.2%18.7K0.781.6K
$115.00Aug 210.010.02$0.0250.0%13.0K0.022.9K
$119.00Aug 210.710.80$0.7611.8%11.9K0.5759
$118.00Aug 210.300.37$0.3420.6%9.1K0.324
$117.00Aug 210.090.14$0.1241.7%7.5K0.1422

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 20 strikes (avg 21.3%, max 67.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$120.00Aug 21Oct 2133.4%79.5%67.7%70.7K12.9K
$118.00Aug 21Sep 4128.7%78.0%65.1%7.3K2.2K
$119.00Aug 21Sep 4124.2%80.3%54.6%17.6K1.3K
$137.00Aug 28Sep 495.3%88.6%7.5%87021
$136.00Aug 28Sep 494.2%87.8%7.3%43731
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$120.00Aug 21Oct 2133.4%79.5%67.7%18.9K1.6K
$118.00Aug 21Sep 4128.7%78.0%65.1%9.2K12
$119.00Aug 21Sep 4124.2%80.3%54.6%12.0K75

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 236 found (best R:R 3.76, avg 2.39)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$135.00$140.00Oct 2$1.05$3.95$1.0538%3.76$136.05
$130.00$135.00Sep 25$1.20$3.80$1.2041%3.17$131.20
$130.00$135.00Oct 2$1.33$3.67$1.3343%2.76$131.33
$125.00$130.00Sep 25$1.53$3.47$1.5347%2.27$126.53
$135.00$140.00Sep 25$1.00$4.00$1.0036%4.00$136.00
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$128.00$127.00Aug 28$0.60$0.40$0.6071%0.67$127.40
$113.00$112.00Oct 2$0.27$0.73$0.2737%2.70$112.73
$98.00$97.00Oct 2$0.13$0.87$0.1319%6.69$97.87
$97.00$96.00Sep 25$0.11$0.89$0.1116%8.09$96.89
$106.00$105.00Sep 25$0.23$0.77$0.2327%3.35$105.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 156 found (best R:R 0.85, avg 0.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$120.00$125.00Aug 21$0.21$0.21$4.7978%0.04$120.21
$124.00$125.00Aug 28$0.40$0.40$0.6062%0.67$124.40
$119.00$120.00Aug 21$0.27$0.27$0.7357%0.37$119.27
$125.00$126.00Sep 4$0.38$0.38$0.6259%0.61$125.38
$124.00$125.00Sep 4$0.39$0.39$0.6157%0.64$124.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$115.00$110.00Sep 18$2.30$2.30$2.7060%0.85$112.70
$110.00$105.00Sep 18$1.78$1.78$3.2268%0.55$108.22
$115.00$113.00Oct 2$1.15$1.15$0.8560%1.35$113.85
$105.00$100.00Sep 18$1.27$1.27$3.7376%0.34$103.73
$112.00$111.00Oct 2$0.60$0.60$0.4064%1.50$111.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $2.69, cheapest $4.46)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$118.00Aug 21Aug 28$4.63128.7%78.8%
$119.00Aug 21Aug 28$4.71124.2%81.0%
$126.00Aug 28Sep 4$1.9086.0%82.7%
$127.00Aug 28Sep 4$1.8986.7%83.5%
$124.00Aug 28Sep 4$2.0785.6%83.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$118.00Aug 21Aug 28$4.46128.7%78.8%
$119.00Aug 21Aug 28$4.62124.2%81.0%
$127.00Aug 28Sep 4$1.7386.7%83.5%
$124.00Aug 28Sep 4$1.9885.6%83.7%
$122.00Aug 28Sep 4$1.9584.1%82.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 108 found (cheapest 1.05% of stock, avg 13.59%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$119.00Aug 21$0.49$0.76$1.25$117.75$120.251.05%
$118.00Aug 21$1.07$0.34$1.41$116.59$119.411.19%
$120.00Aug 21$0.22$1.46$1.68$118.32$121.681.41%
$117.00Aug 21$1.87$0.12$1.99$115.01$118.991.68%
$116.00Aug 21$2.73$0.04$2.77$113.23$118.772.33%
$115.00Aug 21$3.73$0.02$3.75$111.25$118.753.16%
$114.00Aug 21$4.88$0.03$4.91$109.09$118.914.14%
$113.00Aug 21$5.70$0.02$5.72$107.28$118.724.82%
$125.00Aug 21$0.01$6.25$6.26$118.74$131.265.27%
$112.00Aug 21$6.73$0.01$6.74$105.26$118.745.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 134 found (cheapest 0.29% of stock, avg 10.86%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$120.00$117.00Aug 21$0.22$0.12$0.34$116.66$120.34
$120.00$118.00Aug 21$0.22$0.34$0.56$117.44$120.56
$119.00$117.00Aug 21$0.49$0.12$0.61$116.39$119.61
$119.00$118.00Aug 21$0.49$0.34$0.83$117.17$119.83
$124.00$115.00Aug 28$3.50$3.40$6.90$108.10$130.90
$124.00$116.00Aug 28$3.50$3.83$7.33$108.67$131.33
$123.00$115.00Aug 28$3.75$3.40$7.15$107.85$130.15
$140.00$100.00Sep 18$4.22$2.58$6.80$93.20$146.80
$123.00$116.00Aug 28$3.75$3.83$7.58$108.42$130.58
$122.00$115.00Aug 28$4.13$3.40$7.53$107.47$129.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 44 found (best R:R 1.44, avg credit $0.71)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
113/114128/129Aug 28$0.59$0.4138%1.44$113.41$128.59
113/114127/128Aug 28$0.61$0.3936%1.56$113.39$127.61
113/114126/127Aug 28$0.63$0.3734%1.70$113.37$126.63
112/113128/129Aug 28$0.55$0.4541%1.22$112.45$128.55
112/113127/128Aug 28$0.57$0.4339%1.33$112.43$127.57
112/113126/127Aug 28$0.59$0.4136%1.44$112.41$126.59
111/112128/129Aug 28$0.50$0.5044%1.00$111.50$128.50
111/112127/128Aug 28$0.52$0.4842%1.08$111.48$127.52
110/111128/129Aug 28$0.47$0.5346%0.89$110.53$128.47
111/112126/127Aug 28$0.54$0.4639%1.17$111.46$126.54

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 144 found (best R:R 22.81, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$120.00$125.00$130.00Aug 21$0.21$4.7922%22.81
$100.00$105.00$110.00Sep 18$0.17$4.8314%28.41
$130.00$135.00$140.00Sep 18$0.14$4.8611%34.71
$110.00$115.00$120.00Sep 18$0.30$4.7016%15.67
$120.00$125.00$130.00Sep 18$0.28$4.7214%16.86
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$120.00$125.00$130.00Aug 21$0.26$4.7422%18.23
$120.00$125.00$130.00Sep 11$0.14$4.8616%34.71
$130.00$135.00$140.00Sep 18$0.11$4.8910%44.45
$130.00$135.00$140.00Oct 2$0.16$4.849%30.25
$120.00$125.00$130.00Sep 18$0.30$4.7014%15.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 47 found (best net $-1.20, 41 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$117.00$118.001:2Aug 21-$0.27$0.73
$125.00$130.001:2Aug 21-$0.01$4.99
$130.00$135.001:2Aug 21-$0.01$4.99
$135.00$140.001:2Aug 21-$0.01$4.99
$137.00$140.001:2Aug 28-$0.72$2.28
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$130.00$125.001:2Aug 21-$1.20$3.80
$120.00$119.001:2Aug 21-$0.06$0.94
$116.00$115.001:2Aug 21$0.00$1.00
$113.00$112.001:2Aug 21$0.00$1.00
$97.00$96.001:2Aug 28-$0.18$0.82

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 63 found (best yield 5.98%, avg 3.75%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$135.00Oct 2$7.100.3813.7%5.98%19.68%7385
$130.00Oct 2$8.400.439.5%7.07%16.57%251399
$125.00Oct 2$10.050.485.3%8.46%13.75%329327
$140.00Oct 2$5.900.3317.9%4.97%22.88%138360
$120.00Oct 2$11.900.541.1%10.02%11.09%328219
$130.00Sep 25$7.350.419.5%6.19%15.68%525698
$135.00Sep 25$6.100.3613.7%5.14%18.84%156416
$125.00Sep 25$8.950.475.3%7.54%12.82%708445
$140.00Sep 25$5.100.3117.9%4.30%22.21%3131.2K
$120.00Sep 25$10.800.541.1%9.10%10.17%656498

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 786,330
Total Puts 255,318
Put/Call Ratio 0.32
Net Difference 531,012

Prior's Put/Call Breakdown

Total Calls 530,753
Total Puts 216,075
Put/Call Ratio 0.41
Net Difference 314,678

Prior 7-Day Put/Call Summary

Total Calls 2,289,613
Total Puts 1,148,537
Average Put/Call Ratio 0.52
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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