Tour v526
MSTR
STRATEGY INC A
$112.17 +7.60%
(8/20 09:40) ◀
|
Thursday, August 20, 2026 (9:45am)
January 2026
|
▶ (8/20 09:51)
◀ 8/20 09:46 ▶

Option Volume

Detail
ℹ
Current (08/20 9:45am) 119,787
Calls: 85,639 (71%)
Puts: 34,148 (29%)
Prior (08/07) 84,721
Calls: 69,033 (81%)
Puts: 15,688 (19%)
Current vs Prior +41.39%
Calls: +24.06% (Calls)
Puts: +117.67% (Puts)
Prior 7-Day Total 3,439,580
Calls: 2,466,144 (72%)
Puts: 973,436 (28%)
Prior 7-Day Average 491,368
Calls: 352,306 (72%)
Puts: 139,062 (28%)
Current vs Prior 7-Day Avg -75.62%
Calls: -75.69%
Puts: -75.44%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/20 9:45am) $48.06M
Calls: $41.66M (87%)
Puts: $6.39M (13%)
Prior (08/07) $30.25M
Calls: $26.04M (86%)
Puts: $4.21M (14%)
Current vs Prior +58.87%
Calls: +59.99%
Puts: +51.96%
Prior 7-Day Total $1.83B
Calls: $1.19B (65%)
Puts: $639.18M (35%)
Prior 7-Day Average $260.96M
Calls: $169.65M (65%)
Puts: $91.31M (35%)
Current vs Prior 7-Day Avg -81.59%
Calls: -75.44%
Puts: -93.00%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/20 9:45am) 0.40
Prior (08/07) 0.23
Current vs Prior +75.46%
Prior 7-Day Average 0.45
Current vs Prior 7-Day Avg -11.13%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/20 9:45am) 3,013,208
Calls: 1,678,468 (56%)
Puts: 1,334,740 (44%)
Prior (08/07) 2,708,973
Calls: 1,444,389 (53%)
Puts: 1,264,584 (47%)
Current vs Prior +11.23%
Prior 7-Day Total 19,586,322
Calls: 10,911,038 (56%)
Puts: 8,675,284 (44%)
Prior 7-Day Average 2,798,046
Calls: 1,558,719 (56%)
Puts: 1,239,326 (44%)
Current vs Prior 7-Day Avg +7.69%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 5.80% | 10.74%5.80% | 20.13%
Prior 5.80% | 10.07%5.80% | 19.02%
Current vs Prior +0.01% | +6.66%+0.01% | +5.83%
Prior 7-Day Avg 5.19% | 9.21%8.08% | 17.97%
Current vs 7-Day Avg +11.79% | +16.62%-28.16% | +12.01%
Prior 7-Day Eod 5.80% | 10.07%5.80% | 19.02%
Current vs 7-Day Eod +0.01% | +6.66%+0.01% | +5.83%
Sentiment BEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.91% | 5.76%
Calls: 7.79% | 3.39%
Puts: 16.03% | 8.13%
Prior 3.40% | 5.72%
Calls: 2.09% | 5.83%
Puts: 4.72% | 5.61%
Current vs Prior +250.29% | +0.70%
Prior 7-Day Avg 7.63% | 5.09%
Calls: 6.83% | 5.22%
Puts: 8.44% | 4.97%
Current vs 7-Day Avg +56.04% | +13.10%
Liquidity Pricy
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($41.66M) vs puts ($6.39M). Elevated premium activity with dollar volume up 59% vs prior. Extreme bullish P/C ratio of 0.40 - heavy call buying (85,639 calls vs 34,148 puts). P/C ratio rising 75% - increased hedging/bearish positioning.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
09:45BULLISHBULLISHBULLISH
09:40BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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 204 of results (avg 7.3%, best 2.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 184.654.75$4.702.1%1900.3110.2K
$112.00Aug 285.806.00$5.903.4%1470.531.2K
$113.00Aug 212.582.69$2.644.2%1.7K0.471.5K
$115.00Aug 284.604.80$4.704.3%10.9K0.454.0K
$95.00Sep 1820.1521.05$20.604.4%1500.812.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$115.00Sep 1811.3011.60$11.452.6%630.503.2K
$120.00Sep 1814.3514.90$14.633.8%1010.572.5K
$105.00Sep 186.106.35$6.234.0%930.343.9K
$110.00Aug 284.504.70$4.604.3%1040.41749
$112.00Aug 285.555.80$5.684.4%30.4715

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.66, cheapest $0.06)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 210.240.26$0.258.0%1.9K0.0612.6K
$125.00Aug 210.470.50$0.496.1%2.3K0.1110.0K
$120.00Aug 210.900.99$0.959.5%5.7K0.209.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$96.00Aug 210.050.06$0.0616.7%360.022.1K
$104.00Aug 210.380.45$0.4216.7%5190.111.0K
$105.00Aug 210.500.59$0.5416.7%6790.143.4K
$106.00Aug 210.660.77$0.7215.3%5140.18499
$107.00Aug 210.861.00$0.9315.1%2080.2263

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 180 found (avg delta 0.73, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$90.00Aug 2121.6522.85$22.255.4%700.99978
$91.00Aug 2120.6521.90$21.285.9%10.99290
$92.00Aug 2119.6521.05$20.356.9%70.992.0K
$93.00Aug 2118.8520.05$19.456.2%1060.99503
$95.00Aug 2116.9517.85$17.405.2%500.9943.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 2117.3018.65$17.987.5%40.93300
$125.00Aug 2112.9013.85$13.387.1%40.891.2K
$130.00Aug 2818.7519.70$19.234.9%40.82108
$120.00Aug 218.058.95$8.5010.6%460.801.6K
$119.00Aug 217.208.15$7.6812.4%10.77--

Most actively traded options today. High liquidity = easy entry/exit. 319 active (total vol 88.9K, top 10.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$115.00Aug 284.604.80$4.704.3%10.9K0.454.0K
$110.00Aug 214.004.20$4.104.9%8.5K0.6315.3K
$120.00Aug 283.203.35$3.284.6%6.4K0.343.3K
$120.00Aug 210.900.99$0.959.5%5.7K0.209.7K
$121.00Aug 282.883.05$2.975.7%5.1K0.32--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Aug 210.130.16$0.1520.0%3.8K0.047.0K
$100.00Sep 184.254.50$4.385.7%1.2K0.269.4K
$90.00Aug 210.020.03$0.0333.3%1.1K0.0112.0K
$102.00Aug 210.210.26$0.2420.8%1.1K0.073.3K
$110.00Aug 211.831.95$1.896.3%9860.375.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 23 strikes (avg 45.9%, max 62.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$120.00Aug 21Oct 2130.8%81.4%60.8%5.8K9.8K
$116.00Aug 21Oct 2121.4%79.4%52.9%670925
$117.00Aug 21Sep 25122.6%80.3%52.7%5971.8K
$115.00Aug 21Oct 2119.0%79.5%49.6%4.7K7.7K
$112.00Aug 21Oct 2113.5%77.5%46.4%1.5K1.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$120.00Aug 21Sep 25130.8%80.7%62.1%471.7K
$115.00Aug 21Sep 25119.0%79.8%49.1%273.0K
$112.00Aug 21Oct 2113.5%77.5%46.4%4718
$113.00Aug 21Oct 2114.9%79.0%45.4%4518
$109.00Aug 21Oct 2112.1%77.6%44.5%55619

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 248 found (best R:R 2.20, avg 2.48)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$116.00$120.00Oct 2$1.25$2.75$1.2551%2.20$117.25
$105.00$110.00Sep 18$2.45$2.55$2.4566%1.04$107.45
$115.00$120.00Sep 18$1.67$3.33$1.6750%1.99$116.67
$120.00$125.00Sep 25$1.42$3.58$1.4244%2.52$121.42
$125.00$130.00Oct 2$1.27$3.73$1.2740%2.94$126.27
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$100.00$99.00Sep 25$0.10$0.90$0.1028%9.00$99.90
$94.00$93.00Sep 25$0.11$0.89$0.1120%8.09$93.89
$91.00$90.00Sep 25$0.11$0.89$0.1117%8.09$90.89
$96.00$95.00Sep 11$0.13$0.87$0.1318%6.69$95.87
$96.00$95.00Oct 2$0.20$0.80$0.2024%4.00$95.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 169 found (best R:R 0.94, avg 0.49)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$120.00$121.00Aug 28$0.31$0.31$0.6966%0.45$120.31
$124.00$125.00Aug 28$0.21$0.21$0.7974%0.27$124.21
$116.00$117.00Aug 21$0.26$0.26$0.7467%0.35$116.26
$127.00$128.00Aug 28$0.16$0.16$0.8478%0.19$127.16
$114.00$115.00Sep 11$0.45$0.45$0.5549%0.82$114.45
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$110.00$105.00Sep 18$2.42$2.42$2.5858%0.94$107.58
$107.00$105.00Sep 25$1.20$1.20$0.8062%1.50$105.80
$105.00$100.00Sep 18$1.85$1.85$3.1566%0.59$103.15
$100.00$95.00Sep 18$1.43$1.43$3.5774%0.40$98.57
$101.00$100.00Sep 25$0.58$0.58$0.4271%1.38$100.42

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $2.73, cheapest $2.68)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$116.00Aug 21Aug 28$2.68121.4%88.5%
$115.00Aug 21Aug 28$2.74119.0%88.7%
$109.00Aug 21Aug 28$2.66112.1%83.4%
$114.00Aug 21Aug 28$2.82116.0%87.8%
$111.00Aug 21Aug 28$2.75112.0%84.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$115.00Aug 21Aug 28$2.72119.0%88.7%
$109.00Aug 21Aug 28$2.57112.1%83.4%
$114.00Aug 21Aug 28$2.75116.0%87.8%
$111.00Aug 21Aug 28$2.72112.0%84.1%
$112.00Aug 21Aug 28$2.78113.5%85.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 84 found (cheapest 5.24% of stock, avg 13.45%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$111.00Aug 21$3.55$2.33$5.88$105.12$116.885.24%
$112.00Aug 21$3.08$2.90$5.98$106.02$117.985.33%
$110.00Aug 21$4.10$1.89$5.99$104.01$115.995.34%
$113.00Aug 21$2.64$3.43$6.07$106.93$119.075.41%
$109.00Aug 21$4.72$1.51$6.23$102.77$115.235.55%
$114.00Aug 21$2.26$4.03$6.29$107.71$120.295.61%
$108.00Aug 21$5.30$1.19$6.49$101.51$114.495.79%
$115.00Aug 21$1.96$4.68$6.64$108.36$121.645.92%
$107.00Aug 21$6.05$0.93$6.98$100.02$113.986.22%
$116.00Aug 21$1.70$5.40$7.10$108.90$123.106.33%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 155 found (cheapest 2.34% of stock, avg 10.90%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$117.00$108.00Aug 21$1.44$1.19$2.63$105.37$119.63
$117.00$109.00Aug 21$1.44$1.51$2.95$106.05$119.95
$116.00$108.00Aug 21$1.70$1.19$2.89$105.11$118.89
$116.00$109.00Aug 21$1.70$1.51$3.21$105.79$119.21
$115.00$108.00Aug 21$1.96$1.19$3.15$104.85$118.15
$117.00$110.00Aug 21$1.44$1.89$3.33$106.67$120.33
$115.00$109.00Aug 21$1.96$1.51$3.47$105.53$118.47
$116.00$110.00Aug 21$1.70$1.89$3.59$106.41$119.59
$115.00$110.00Aug 21$1.96$1.89$3.85$106.15$118.85
$114.00$108.00Aug 21$2.26$1.19$3.45$104.55$117.45

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 96 found (best R:R 1.63, avg credit $0.52)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
100/101122/123Sep 4$0.62$0.3841%1.63$100.38$122.62
102/103120/121Aug 28$0.58$0.4243%1.38$102.42$120.58
105/106120/121Aug 28$0.65$0.3536%1.86$105.35$120.65
104/105120/121Aug 28$0.62$0.3838%1.63$104.38$120.62
101/102120/121Aug 28$0.54$0.4646%1.17$101.46$120.54
103/104120/121Aug 28$0.58$0.4241%1.38$103.42$120.58
97/98120/121Aug 28$0.45$0.5553%0.82$97.55$120.45
100/101123/124Sep 4$0.55$0.4543%1.22$100.45$123.55
99/100120/121Aug 28$0.48$0.5250%0.92$99.52$120.48
100/101120/121Aug 28$0.50$0.5048%1.00$100.50$120.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 122 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$105.00$110.00$115.00Sep 18$0.27$4.7316%17.52
$120.00$125.00$130.00Aug 21$0.22$4.7814%21.73
$115.00$120.00$125.00Sep 18$0.22$4.7814%21.73
$120.00$125.00$130.00Sep 25$0.22$4.7811%21.73
$120.00$125.00$130.00Sep 11$0.31$4.6913%15.13
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$120.00$125.00$130.00Sep 25$0.10$4.9011%49.00
$115.00$120.00$125.00Sep 11$0.24$4.7615%19.83
$120.00$125.00$130.00Aug 28$0.28$4.7216%16.86
$120.00$125.00$130.00Sep 4$0.27$4.7314%17.52
$105.00$110.00$115.00Sep 18$0.38$4.6216%12.16

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 44 found (best net $-4.50, 44 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$120.00$125.001:2Aug 21-$0.03$4.97
$125.00$130.001:2Aug 21-$0.01$4.99
$119.00$120.001:2Aug 21-$0.81$0.19
$118.00$119.001:2Aug 21-$0.95$0.05
$125.00$130.001:2Sep 11-$2.51$2.49
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$125.00$113.001:2Oct 2-$4.50$7.50
$125.00$120.001:2Aug 21-$3.62$1.38
$100.00$99.001:2Aug 21-$0.07$0.93
$98.50$98.001:2Aug 21-$0.05$0.45
$102.00$101.001:2Aug 21-$0.10$0.90

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 74 found (best yield 8.02%, avg 3.95%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$120.00Oct 2$9.000.467.0%8.02%15.00%3175
$125.00Oct 2$7.150.4011.4%6.37%17.81%185182
$130.00Oct 2$5.900.3515.9%5.26%21.16%45343
$116.00Oct 2$10.050.513.4%8.96%12.37%9--
$115.00Oct 2$10.400.522.5%9.27%11.79%474
$120.00Sep 25$7.850.447.0%7.00%13.98%69301
$125.00Sep 25$6.300.3811.4%5.62%17.05%52300
$130.00Sep 25$5.250.3315.9%4.68%20.58%28456
$115.00Sep 25$9.450.512.5%8.42%10.95%64240
$117.00Sep 25$8.550.484.3%7.62%11.93%1--

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 85,639
Total Puts 34,148
Put/Call Ratio 0.40
Net Difference 51,491

Prior's Put/Call Breakdown

Total Calls 69,033
Total Puts 15,688
Put/Call Ratio 0.23
Net Difference 53,345

Prior 7-Day Put/Call Summary

Total Calls 2,466,144
Total Puts 973,436
Average Put/Call Ratio 0.45
Ratio Trend Rising

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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