MSTR - Options Database

MSTR

STRATEGY INC A

$161.61 -0.36%

$161.10 (-0.32%)🌙

as of 09/24 06:03 PM

(9/21 18:03) ◀

Thursday, September 24, 2026 (6:03pm)

▶ (9/25 18:02)

◀ 9/24 18:03 ▶

Option Volume

Detail

ℹ

Current (09/24) 422,230

Calls: 273,282 (65%)

Puts: 148,948 (35%)

Prior (09/21) 645,323

Calls: 410,719 (64%)

Puts: 234,604 (36%)

Current vs Prior -34.57%

Calls: -33.46% (Calls)

Puts: -36.51% (Puts)

Prior 7-Day Total 4,280,480

Calls: 2,727,820 (64%)

Puts: 1,552,660 (36%)

Prior 7-Day Average 611,497

Calls: 389,688 (64%)

Puts: 221,808 (36%)

Current vs Prior 7-Day Avg -30.95%

Calls: -29.87%

Puts: -32.85%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/24) $216.70M

Calls: $160.70M (74%)

Puts: $55.99M (26%)

Prior (09/21) $564.93M

Calls: $474.93M (84%)

Puts: $90.00M (16%)

Current vs Prior -61.64%

Calls: -66.16%

Puts: -37.78%

Prior 7-Day Total $2.76B

Calls: $2.17B (79%)

Puts: $591.92M (21%)

Prior 7-Day Average $394.08M

Calls: $309.52M (79%)

Puts: $84.56M (21%)

Current vs Prior 7-Day Avg -45.01%

Calls: -48.08%

Puts: -33.78%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/24) 0.55

Prior (09/21) 0.57

Current vs Prior -4.58%

Prior 7-Day Average 0.64

Current vs Prior 7-Day Avg -14.59%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/24) 2,768,073

Calls: 1,526,659 (55%)

Puts: 1,241,414 (45%)

Prior (09/21) 2,440,794

Calls: 1,368,186 (56%)

Puts: 1,072,608 (44%)

Current vs Prior +13.41%

Prior 7-Day Total 19,206,354

Calls: 10,923,594 (57%)

Puts: 8,282,760 (43%)

Prior 7-Day Average 2,743,764

Calls: 1,560,513 (57%)

Puts: 1,183,251 (43%)

Current vs Prior 7-Day Avg +0.89%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 4.11% | 8.76%13.89% | 23.88%

Prior 8.12% | 11.61%16.52% | 26.10%

Current vs Prior -49.32% | -24.57%-15.89% | -8.49%

Prior 7-Day Avg 6.81% | 10.32%7.03% | 19.14%

Current vs 7-Day Avg -39.55% | -15.14%+97.65% | +24.78%

Prior 7-Day Eod 8.12% | 11.61%16.52% | 26.10%

Current vs 7-Day Eod -49.32% | -24.57%-15.89% | -8.49%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.07% | 3.75%

Calls: 2.26% | 3.48%

Puts: 3.88% | 4.01%

Prior 3.07% | 3.75%

Calls: 2.26% | 3.48%

Puts: 3.88% | 4.01%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 6.21% | 3.88%

Calls: 5.78% | 2.88%

Puts: 6.63% | 4.87%

Current vs 7-Day Avg -50.53% | -3.31%

Liquidity Acceptable

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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($160.70M). Light premium activity with dollar volume down 62% vs prior. Bullish P/C ratio of 0.55.

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 BULLISH

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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 306 of results (avg 5.3%, best 1.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$135.00	Oct 16	28.40	29.00	$28.70	2.1%	40	0.88	4.0K
$146.00	Oct 16	19.65	20.15	$19.90	2.5%	9	0.77	11
$152.50	Oct 16	15.45	15.85	$15.65	2.6%	121	0.67	111
$150.00	Oct 16	16.95	17.40	$17.17	2.6%	270	0.71	6.0K
$140.00	Oct 16	24.25	24.90	$24.58	2.6%	105	0.84	3.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Oct 16	22.75	23.10	$22.93	1.5%	57	0.70	1.1K
$177.50	Oct 16	20.75	21.15	$20.95	1.9%	48	0.67	--
$182.50	Oct 16	24.70	25.20	$24.95	2.0%	2	0.72	--
$175.00	Oct 16	18.85	19.25	$19.05	2.1%	60	0.64	1.1K
$175.00	Oct 2	15.60	15.95	$15.77	2.2%	1.4K	0.75	711

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 22 found (avg $0.59, cheapest $0.45)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$182.50	Sep 25	0.10	0.12	$0.11	18.2%	1.2K	0.03	2.5K
$175.00	Sep 25	0.29	0.32	$0.31	9.7%	17.7K	0.08	15.5K
$172.50	Sep 25	0.42	0.45	$0.44	6.8%	3.6K	0.11	16.6K
$185.00	Sep 25	0.08	0.09	$0.09	11.1%	1.9K	0.02	3.8K
$170.00	Sep 25	0.63	0.68	$0.66	7.6%	19.7K	0.16	12.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$155.00	Sep 25	0.43	0.47	$0.45	8.9%	12.2K	0.14	6.2K
$157.50	Sep 25	0.94	0.98	$0.96	4.2%	8.0K	0.25	1.7K
$139.00	Oct 2	0.42	0.49	$0.45	15.6%	112	0.06	242
$135.00	Oct 2	0.28	0.31	$0.30	10.0%	874	0.04	3.4K
$138.00	Oct 2	0.37	0.45	$0.41	19.5%	233	0.06	142

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 211 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$130.00	Sep 25	31.10	32.65	$31.88	4.9%	73	1.00	1.1K
$135.00	Sep 25	26.45	27.55	$27.00	4.1%	757	1.00	11.3K
$136.00	Sep 25	24.65	26.60	$25.63	7.6%	168	1.00	2.7K
$131.00	Sep 25	29.50	32.30	$30.90	9.1%	9	0.99	395
$134.00	Sep 25	26.75	28.55	$27.65	6.5%	13	0.99	322

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$182.50	Sep 25	20.00	21.20	$20.60	5.8%	2	1.00	122
$185.00	Sep 25	21.30	24.00	$22.65	11.9%	15	1.00	174
$187.50	Sep 25	24.95	26.20	$25.58	4.9%	15	1.00	81
$190.00	Sep 25	27.55	29.20	$28.38	5.8%	228	1.00	149
$180.00	Sep 25	17.65	19.40	$18.52	9.4%	13	0.94	373

Most actively traded options today. High liquidity = easy entry/exit. 415 active (total vol 333.0K, top 22.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$165.00	Sep 25	1.47	1.55	$1.51	5.3%	22.4K	0.33	7.2K
$170.00	Sep 25	0.63	0.68	$0.66	7.6%	19.7K	0.16	12.5K
$175.00	Sep 25	0.29	0.32	$0.31	9.7%	17.7K	0.08	15.5K
$167.50	Oct 2	4.25	4.50	$4.38	5.7%	15.6K	0.39	755
$162.50	Sep 25	2.16	2.42	$2.29	11.4%	15.0K	0.46	6.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	1.80	1.89	$1.85	4.9%	16.4K	0.39	10.7K
$155.00	Sep 25	0.43	0.47	$0.45	8.9%	12.2K	0.14	6.2K
$157.50	Sep 25	0.94	0.98	$0.96	4.2%	8.0K	0.25	1.7K
$150.00	Sep 25	0.09	0.11	$0.10	20.0%	7.8K	0.04	7.3K
$162.50	Sep 25	3.05	3.25	$3.15	6.3%	6.0K	0.54	2.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 23.3%, max 39.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$170.00	Sep 25	Nov 6	98.3%	73.7%	33.5%	19.7K	12.5K
$167.50	Sep 25	Nov 6	92.3%	73.4%	25.8%	6.3K	4.3K
$165.00	Sep 25	Nov 6	88.2%	73.3%	20.2%	22.4K	7.2K
$160.00	Sep 25	Nov 6	79.8%	67.5%	18.3%	10.5K	7.4K
$162.50	Sep 25	Nov 6	83.2%	71.0%	17.2%	15.0K	6.5K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$170.00	Sep 25	Oct 30	98.3%	70.7%	39.1%	520	2.0K
$167.50	Sep 25	Oct 30	92.3%	70.4%	31.2%	617	1.5K
$165.00	Sep 25	Oct 30	88.2%	70.2%	25.7%	2.1K	4.4K
$160.00	Sep 25	Nov 6	79.8%	67.5%	18.3%	16.4K	10.7K
$157.50	Sep 25	Oct 30	78.0%	66.3%	17.8%	8.0K	1.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 247 found (best R:R 32.33, avg 3.12)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$175.00	$180.00	Nov 6	$0.15	$4.85	$0.15	43%	32.33	$175.15
$162.50	$165.00	Nov 6	$0.55	$1.95	$0.55	54%	3.55	$163.05
$130.00	$131.00	Oct 30	$0.17	$0.83	$0.17	87%	4.88	$130.17
$145.00	$152.50	Nov 6	$4.48	$3.02	$4.48	72%	0.67	$149.48
$135.00	$136.00	Oct 9	$0.27	$0.73	$0.27	92%	2.70	$135.27

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$139.00	$138.00	Oct 23	$0.10	$0.90	$0.10	18%	9.00	$138.90
$149.00	$148.00	Oct 2	$0.13	$0.87	$0.13	18%	6.69	$148.87
$138.00	$137.00	Oct 23	$0.13	$0.87	$0.13	17%	6.69	$137.87
$143.00	$142.00	Oct 16	$0.17	$0.83	$0.17	20%	4.88	$142.83
$149.00	$148.00	Oct 9	$0.23	$0.77	$0.23	24%	3.35	$148.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 171 found (best R:R 1.20, avg 0.40)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$180.00	$185.00	Nov 6	$2.73	$2.73	$2.27	60%	1.20	$182.73
$185.00	$187.50	Nov 6	$1.00	$1.00	$1.50	66%	0.67	$186.00
$175.00	$177.50	Sep 25	$0.10	$0.10	$2.40	92%	0.04	$175.10
$170.00	$172.50	Sep 25	$0.22	$0.22	$2.28	84%	0.10	$170.22
$172.50	$175.00	Sep 25	$0.13	$0.13	$2.37	89%	0.05	$172.63

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$160.00	$155.00	Nov 6	$2.53	$2.53	$2.47	56%	1.02	$157.47
$155.00	$150.00	Nov 6	$2.12	$2.12	$2.88	62%	0.74	$152.88
$142.00	$141.00	Oct 30	$0.50	$0.50	$0.50	76%	1.00	$141.50
$160.00	$157.50	Oct 30	$1.33	$1.33	$1.17	56%	1.14	$158.67
$149.00	$145.00	Nov 6	$1.43	$1.43	$2.57	68%	0.56	$147.57

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $3.74, cheapest $3.62)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$165.00	Sep 25	Oct 2	$3.69	88.2%	69.8%
$162.50	Sep 25	Oct 2	$3.96	83.2%	69.5%
$160.00	Sep 25	Oct 2	$3.80	79.8%	67.3%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$165.00	Sep 25	Oct 2	$3.62	88.2%	69.8%
$162.50	Sep 25	Oct 2	$3.70	83.2%	69.5%
$160.00	Sep 25	Oct 2	$3.68	79.8%	67.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 97 found (cheapest 3.31% of stock, avg 12.78%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$160.00	Sep 25	$3.50	$1.85	$5.35	$154.65	$165.35	3.31%
$162.50	Sep 25	$2.29	$3.15	$5.44	$157.06	$167.94	3.37%
$157.50	Sep 25	$5.20	$0.96	$6.16	$151.34	$163.66	3.81%
$165.00	Sep 25	$1.51	$4.78	$6.29	$158.71	$171.29	3.89%
$155.00	Sep 25	$7.08	$0.45	$7.53	$147.47	$162.53	4.66%
$167.50	Sep 25	$0.97	$6.75	$7.72	$159.78	$175.22	4.78%
$170.00	Sep 25	$0.66	$9.25	$9.91	$160.09	$179.91	6.13%
$152.50	Sep 25	$9.73	$0.20	$9.93	$142.57	$162.43	6.14%
$172.50	Sep 25	$0.44	$11.33	$11.77	$160.73	$184.27	7.28%
$150.00	Sep 25	$11.85	$0.10	$11.95	$138.05	$161.95	7.39%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.40% of stock, avg 9.46%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$172.50	$152.50	Sep 25	$0.44	$0.20	$0.64	$151.86	$173.14
$172.50	$155.00	Sep 25	$0.44	$0.45	$0.89	$154.11	$173.39
$170.00	$152.50	Sep 25	$0.66	$0.20	$0.86	$151.64	$170.86
$170.00	$155.00	Sep 25	$0.66	$0.45	$1.11	$153.89	$171.11
$167.50	$152.50	Sep 25	$0.97	$0.20	$1.17	$151.33	$168.67
$167.50	$155.00	Sep 25	$0.97	$0.45	$1.42	$153.58	$168.92
$172.50	$157.50	Sep 25	$0.44	$0.96	$1.40	$156.10	$173.90
$170.00	$157.50	Sep 25	$0.66	$0.96	$1.62	$155.88	$171.62
$167.50	$157.50	Sep 25	$0.97	$0.96	$1.93	$155.57	$169.43
$165.00	$152.50	Sep 25	$1.51	$0.20	$1.71	$150.79	$166.71

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 227 found (best R:R 4.00, avg credit $0.67)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
149/150	185/188	Nov 6	$2.00	$0.50	33%	4.00	$148.00	$187.00
132/133	175/178	Sep 25	$0.22	$2.28	90%	0.10	$132.78	$175.22
150/152	185/188	Oct 2	$0.92	$1.58	60%	0.58	$151.58	$185.92
132/133	172/175	Sep 25	$0.25	$2.25	86%	0.11	$132.75	$172.75
150/152	172/175	Oct 2	$1.28	$1.22	45%	1.05	$151.22	$173.78
150/152	182/185	Oct 2	$0.95	$1.55	58%	0.61	$151.55	$183.45
150/152	178/180	Oct 2	$1.08	$1.42	52%	0.76	$151.42	$178.58
132/133	170/172	Sep 25	$0.34	$2.16	82%	0.16	$132.66	$170.34
150/152	180/182	Oct 2	$0.99	$1.51	55%	0.66	$151.51	$180.99
152/155	185/188	Oct 2	$1.01	$1.49	54%	0.68	$153.99	$186.01

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 183 found (best R:R 12.89, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$155.00	$157.50	$160.00	Sep 25	$0.18	$2.32	26%	12.89
$162.50	$165.00	$167.50	Sep 25	$0.24	$2.26	23%	9.42
$167.50	$170.00	$172.50	Sep 25	$0.09	$2.41	12%	26.78
$170.00	$172.50	$175.00	Oct 9	$0.05	$2.45	7%	49.00
$160.00	$162.50	$165.00	Oct 9	$0.08	$2.42	9%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$162.50	$165.00	$167.50	Oct 2	$0.05	$2.45	11%	49.00
$160.00	$162.50	$165.00	Sep 25	$0.33	$2.17	28%	6.58
$150.00	$152.50	$155.00	Oct 2	$0.09	$2.41	11%	26.78
$160.00	$162.50	$165.00	Oct 9	$0.08	$2.42	9%	30.25
$155.00	$157.50	$160.00	Oct 9	$0.09	$2.41	9%	26.78

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 66 found (best net $-0.07, 63 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$160.00	$162.50	1:2	Sep 25	-$1.08	$1.42
$162.50	$165.00	1:2	Sep 25	-$0.73	$1.77
$165.00	$167.50	1:2	Sep 25	-$0.43	$2.07
$167.50	$170.00	1:2	Sep 25	-$0.35	$2.15
$170.00	$172.50	1:2	Sep 25	-$0.22	$2.28

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$160.00	$157.50	1:2	Sep 25	-$0.07	$2.43
$162.50	$160.00	1:2	Sep 25	-$0.55	$1.95
$152.50	$150.00	1:2	Sep 25	$0.00	$2.50
$165.00	$162.50	1:2	Sep 25	-$1.52	$0.98
$150.00	$149.00	1:2	Sep 25	-$0.06	$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 78 found (best yield 5.01%, avg 3.59%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$180.00	Nov 6	$8.10	0.40	11.4%	5.01%	16.39%	3	--
$185.00	Nov 6	$7.05	0.34	14.5%	4.36%	18.84%	1	--
$175.00	Oct 30	$9.15	0.41	8.3%	5.66%	13.95%	274	864
$190.00	Nov 6	$6.10	0.30	17.6%	3.77%	21.34%	1	--
$172.50	Oct 30	$9.90	0.43	6.7%	6.13%	12.86%	21	--
$170.00	Oct 30	$10.70	0.46	5.2%	6.62%	11.81%	152	442
$187.50	Nov 6	$6.20	0.32	16.0%	3.84%	19.86%	11	--
$180.00	Oct 30	$7.85	0.36	11.4%	4.86%	16.24%	126	1.0K
$167.50	Oct 30	$11.60	0.48	3.6%	7.18%	10.82%	18	--
$177.50	Oct 30	$8.30	0.38	9.8%	5.14%	14.97%	24	--

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 273,282

Total Puts 148,948

Put/Call Ratio 0.55

Net Difference 124,334

Prior's Put/Call Breakdown

Total Calls 410,719

Total Puts 234,604

Put/Call Ratio 0.57

Net Difference 176,115

Prior 7-Day Put/Call Summary

Total Calls 2,727,820

Total Puts 1,552,660

Average Put/Call Ratio 0.64

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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