MSTR - Options Database

MSTR

STRATEGY INC A

$169.42 +5.56%

(10/2 09:35) ◀

Friday, October 2, 2026 (9:40am)

▶ (10/2 09:45)

◀ 10/2 09:40 ▶

Option Volume

Detail

ℹ

Current (10/02 9:40am) 94,414

Calls: 71,792 (76%)

Puts: 22,622 (24%)

Prior (09/18) 108,357

Calls: 90,271 (83%)

Puts: 18,086 (17%)

Current vs Prior -12.87%

Calls: -20.47% (Calls)

Puts: +25.08% (Puts)

Prior 7-Day Total 2,898,756

Calls: 1,924,418 (66%)

Puts: 974,338 (34%)

Prior 7-Day Average 414,108

Calls: 274,916 (66%)

Puts: 139,191 (34%)

Current vs Prior 7-Day Avg -77.20%

Calls: -73.89%

Puts: -83.75%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/02 9:40am) $45.47M

Calls: $42.33M (93%)

Puts: $3.14M (7%)

Prior (09/18) $48.12M

Calls: $42.97M (89%)

Puts: $5.14M (11%)

Current vs Prior -5.50%

Calls: -1.50%

Puts: -38.94%

Prior 7-Day Total $1.21B

Calls: $676.00M (56%)

Puts: $533.37M (44%)

Prior 7-Day Average $172.77M

Calls: $96.57M (56%)

Puts: $76.20M (44%)

Current vs Prior 7-Day Avg -73.68%

Calls: -56.17%

Puts: -95.88%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/02 9:40am) 0.32

Prior (09/18) 0.20

Current vs Prior +57.28%

Prior 7-Day Average 0.52

Current vs Prior 7-Day Avg -39.46%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/02 9:40am) 2,700,104

Calls: 1,510,077 (56%)

Puts: 1,190,027 (44%)

Prior (09/18) 2,892,043

Calls: 1,656,232 (57%)

Puts: 1,235,811 (43%)

Current vs Prior -6.64%

Prior 7-Day Total 20,255,974

Calls: 11,367,255 (56%)

Puts: 8,888,719 (44%)

Prior 7-Day Average 2,893,710

Calls: 1,623,893 (56%)

Puts: 1,269,817 (44%)

Current vs Prior 7-Day Avg -6.69%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.40% | 8.36%11.30% | 21.87%

Prior 2.80% | 8.20%2.80% | 17.09%

Current vs Prior +21.37% | +1.86%+303.52% | +27.98%

Prior 7-Day Avg 3.87% | 8.74%6.85% | 18.00%

Current vs 7-Day Avg -12.12% | -4.36%+64.98% | +21.47%

Prior 7-Day Eod 2.80% | 8.20%11.20% | 21.94%

Current vs 7-Day Eod +21.37% | +1.86%+0.90% | -0.34%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 6.63% | 3.54%

Calls: 7.74% | 3.36%

Puts: 5.53% | 3.71%

Prior 3.07% | 3.75%

Calls: 2.26% | 3.48%

Puts: 3.88% | 4.01%

Current vs Prior +115.96% | -5.60%

Prior 7-Day Avg 7.33% | 4.73%

Calls: 6.95% | 4.15%

Puts: 7.72% | 5.31%

Current vs 7-Day Avg -9.60% | -25.18%

Liquidity Acceptable

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🤖 AI Insights

Strong bullish conviction with 93% of dollar volume in calls ($42.33M) vs puts ($3.14M). Extreme bullish P/C ratio of 0.32 - heavy call buying (71,792 calls vs 22,622 puts). P/C ratio rising 57% - 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 BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	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 202 of results (avg 5.1%, best 1.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Oct 30	17.85	18.20	$18.02	1.9%	97	0.66	750
$157.50	Oct 30	19.30	19.70	$19.50	2.1%	14	0.69	83
$162.50	Oct 30	16.45	16.80	$16.63	2.1%	4	0.62	165
$160.00	Oct 23	15.85	16.20	$16.02	2.2%	22	0.67	1.2K
$165.00	Oct 16	11.15	11.40	$11.28	2.2%	596	0.61	2.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Oct 16	15.50	15.70	$15.60	1.3%	11	0.64	1.1K
$185.00	Oct 23	20.85	21.15	$21.00	1.4%	--	0.67	38
$182.50	Oct 16	17.35	17.60	$17.48	1.4%	1	0.68	24
$185.00	Oct 30	22.55	22.95	$22.75	1.8%	--	0.63	73
$182.50	Oct 23	18.95	19.30	$19.13	1.8%	--	0.64	11

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 23 found (avg $0.56, cheapest $0.16)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Oct 2	0.15	0.18	$0.16	18.8%	1.9K	0.06	9.4K
$177.50	Oct 2	0.28	0.33	$0.31	16.1%	1.9K	0.10	1.4K
$175.00	Oct 2	0.53	0.60	$0.56	12.5%	3.4K	0.18	16.5K
$200.00	Oct 9	0.73	0.78	$0.76	6.6%	357	0.09	4.8K
$202.50	Oct 9	0.63	0.68	$0.66	7.6%	1	0.07	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$162.50	Oct 2	0.25	0.30	$0.28	17.9%	487	0.10	2.0K
$157.50	Oct 2	0.07	0.08	$0.08	12.5%	666	0.03	3.0K
$165.00	Oct 2	0.60	0.66	$0.63	9.5%	2.0K	0.20	1.5K
$140.00	Oct 9	0.16	0.19	$0.18	16.7%	60	0.03	3.6K
$145.00	Oct 9	0.30	0.34	$0.32	12.5%	38	0.05	1.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 167 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$137.00	Oct 2	30.30	33.75	$32.03	10.8%	--	1.00	206
$138.00	Oct 2	29.30	32.85	$31.08	11.4%	--	1.00	339
$139.00	Oct 2	29.15	31.40	$30.28	7.4%	--	1.00	282
$140.00	Oct 2	28.05	30.10	$29.08	7.0%	29	1.00	733
$141.00	Oct 2	26.30	29.85	$28.08	12.6%	1	1.00	321

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	24.25	27.50	$25.88	12.6%	1	0.99	4
$180.00	Oct 2	10.40	11.75	$11.08	12.2%	2	0.94	43
$200.00	Oct 9	30.75	33.05	$31.90	7.2%	--	0.91	16
$177.50	Oct 2	7.60	10.00	$8.80	27.3%	--	0.90	40
$195.00	Oct 9	25.65	29.40	$27.53	13.6%	--	0.88	35

Most actively traded options today. High liquidity = easy entry/exit. 267 active (total vol 83.9K, top 7.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$167.50	Oct 2	3.10	3.35	$3.23	7.7%	7.6K	0.65	23.6K
$170.00	Oct 2	1.86	1.95	$1.91	4.7%	7.2K	0.47	30.5K
$162.50	Oct 2	6.90	7.30	$7.10	5.6%	6.3K	0.90	30.9K
$170.00	Oct 9	6.15	6.35	$6.25	3.2%	5.8K	0.51	4.0K
$177.50	Oct 9	3.60	3.75	$3.68	4.1%	5.2K	0.34	531

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$150.00	Oct 2	0.02	0.03	$0.03	33.3%	2.1K	0.01	9.8K
$165.00	Oct 2	0.60	0.66	$0.63	9.5%	2.0K	0.20	1.5K
$160.00	Oct 2	0.12	0.15	$0.14	21.4%	1.9K	0.05	5.4K
$152.50	Oct 2	0.03	0.06	$0.05	60.0%	1.8K	0.01	3.0K
$155.00	Oct 2	0.04	0.05	$0.05	20.0%	1.3K	0.02	7.4K

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 59.6%, max 77.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$165.00	Oct 2	Nov 13	117.1%	66.0%	77.4%	4.4K	29.8K
$175.00	Oct 2	Nov 13	127.2%	73.9%	72.2%	3.4K	16.5K
$167.50	Oct 2	Nov 13	115.8%	67.4%	71.9%	7.6K	23.6K
$170.00	Oct 2	Nov 13	118.4%	70.9%	67.1%	7.2K	30.5K
$172.50	Oct 2	Nov 13	122.7%	75.4%	62.8%	1.8K	19.7K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$165.00	Oct 2	Nov 13	117.1%	66.0%	77.4%	2.0K	1.6K
$172.50	Oct 2	Oct 30	122.7%	70.8%	73.4%	56	170
$175.00	Oct 2	Nov 13	128.0%	73.9%	73.3%	34	988
$167.50	Oct 2	Nov 13	115.8%	67.4%	71.9%	862	363
$170.00	Oct 2	Nov 6	118.4%	72.0%	64.4%	456	415

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 211 found (best R:R 1.87, avg 3.05)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$150.00	$152.50	Nov 6	$0.87	$1.63	$0.87	75%	1.87	$150.87
$195.00	$200.00	Nov 13	$0.57	$4.43	$0.57	31%	7.77	$195.57
$182.50	$185.00	Nov 6	$0.12	$2.38	$0.12	41%	19.83	$182.62
$195.00	$200.00	Nov 6	$0.58	$4.42	$0.58	31%	7.62	$195.58
$142.00	$143.00	Oct 9	$0.15	$0.85	$0.15	94%	5.67	$142.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$155.00	$143.00	Nov 13	$2.45	$9.55	$2.45	32%	3.90	$152.55
$165.00	$162.50	Nov 6	$0.55	$1.95	$0.55	41%	3.55	$164.45
$165.00	$162.50	Nov 13	$0.68	$1.82	$0.68	42%	2.68	$164.32
$182.50	$180.00	Oct 23	$1.28	$1.22	$1.28	64%	0.95	$181.22
$150.00	$145.00	Nov 6	$0.85	$4.15	$0.85	25%	4.88	$149.15

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 149 found (best R:R 1.50, avg 0.47)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$180.00	$182.50	Nov 6	$1.63	$1.63	$0.87	56%	1.87	$181.63
$175.00	$177.50	Nov 13	$1.50	$1.50	$1.00	52%	1.50	$176.50
$192.50	$195.00	Oct 2	$0.24	$0.24	$2.26	95%	0.11	$192.74
$172.50	$175.00	Nov 13	$1.32	$1.32	$1.18	50%	1.12	$173.82
$172.50	$175.00	Oct 2	$0.52	$0.52	$1.98	70%	0.26	$173.02

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$152.50	$150.00	Nov 6	$1.50	$1.50	$1.00	72%	1.50	$151.00
$167.50	$165.00	Nov 6	$1.77	$1.77	$0.73	56%	2.42	$165.73
$160.00	$157.50	Nov 13	$1.55	$1.55	$0.95	63%	1.63	$158.45
$162.50	$160.00	Nov 13	$1.55	$1.55	$0.95	60%	1.63	$160.95
$167.50	$165.00	Nov 13	$1.62	$1.62	$0.88	55%	1.84	$165.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 7 found (avg debit $3.80, cheapest $4.03)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$172.50	Oct 2	Oct 9	$4.17	122.7%	69.6%
$170.00	Oct 2	Oct 9	$4.34	118.4%	68.8%
$167.50	Oct 2	Oct 9	$4.20	115.8%	66.4%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$172.50	Oct 2	Oct 9	$4.03	122.7%	69.6%
$170.00	Oct 2	Oct 9	$4.20	118.4%	68.8%
$167.50	Oct 2	Oct 9	$4.04	115.8%	66.4%
$182.50	Oct 16	Oct 23	$1.65	71.1%	70.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 79 found (cheapest 2.62% of stock, avg 12.49%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$170.00	Oct 2	$1.91	$2.53	$4.44	$165.56	$174.44	2.62%
$167.50	Oct 2	$3.23	$1.36	$4.59	$162.91	$172.09	2.71%
$172.50	Oct 2	$1.08	$4.20	$5.28	$167.22	$177.78	3.12%
$165.00	Oct 2	$4.97	$0.63	$5.60	$159.40	$170.60	3.31%
$175.00	Oct 2	$0.56	$6.15	$6.71	$168.29	$181.71	3.96%
$162.50	Oct 2	$7.10	$0.28	$7.38	$155.12	$169.88	4.36%
$177.50	Oct 2	$0.31	$8.80	$9.11	$168.39	$186.61	5.38%
$160.00	Oct 2	$9.43	$0.14	$9.57	$150.43	$169.57	5.65%
$180.00	Oct 2	$0.16	$11.08	$11.24	$168.76	$191.24	6.63%
$157.50	Oct 2	$11.98	$0.08	$12.06	$145.44	$169.56	7.12%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.26% of stock, avg 9.57%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$180.00	$162.50	Oct 2	$0.16	$0.28	$0.44	$162.06	$180.44
$177.50	$162.50	Oct 2	$0.31	$0.28	$0.59	$161.91	$178.09
$180.00	$165.00	Oct 2	$0.16	$0.63	$0.79	$164.21	$180.79
$175.00	$162.50	Oct 2	$0.56	$0.28	$0.84	$161.66	$175.84
$177.50	$165.00	Oct 2	$0.31	$0.63	$0.94	$164.06	$178.44
$175.00	$165.00	Oct 2	$0.56	$0.63	$1.19	$163.81	$176.19
$172.50	$162.50	Oct 2	$1.08	$0.28	$1.36	$161.14	$173.86
$172.50	$165.00	Oct 2	$1.08	$0.63	$1.71	$163.29	$174.21
$180.00	$167.50	Oct 2	$0.16	$1.36	$1.52	$165.98	$181.52
$177.50	$167.50	Oct 2	$0.31	$1.36	$1.67	$165.83	$179.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 196 found (best R:R 0.24, avg credit $0.89)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
141/142	192/195	Oct 2	$0.48	$2.02	91%	0.24	$141.52	$192.98
140/141	188/190	Oct 23	$1.15	$1.35	57%	0.85	$139.85	$188.65
136/137	188/190	Oct 23	$1.06	$1.44	60%	0.74	$135.94	$188.56
138/139	188/190	Oct 23	$1.09	$1.41	58%	0.77	$137.91	$188.59
141/142	178/180	Oct 2	$0.39	$2.11	86%	0.18	$141.61	$177.89
140/141	185/188	Oct 23	$1.17	$1.33	54%	0.88	$139.83	$186.17
160/162	192/195	Oct 2	$0.38	$2.12	85%	0.18	$162.12	$192.88
136/137	185/188	Oct 23	$1.08	$1.42	57%	0.76	$135.92	$186.08
138/139	185/188	Oct 23	$1.11	$1.39	56%	0.80	$137.89	$186.11
162/165	192/195	Oct 2	$0.59	$1.91	75%	0.31	$164.41	$193.09

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 163 found (best R:R 70.43, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$180.00	$185.00	$190.00	Nov 13	$0.07	$4.93	8%	70.43
$170.00	$172.50	$175.00	Oct 2	$0.31	$2.19	29%	7.06
$160.00	$162.50	$165.00	Oct 9	$0.07	$2.43	12%	34.71
$165.00	$167.50	$170.00	Oct 2	$0.42	$2.08	34%	4.95
$172.50	$175.00	$177.50	Oct 9	$0.07	$2.43	11%	34.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$170.00	$172.50	$175.00	Oct 2	$0.28	$2.22	28%	7.93
$165.00	$167.50	$170.00	Oct 2	$0.44	$2.06	33%	4.68
$162.50	$165.00	$167.50	Oct 9	$0.12	$2.38	12%	19.83
$170.00	$172.50	$175.00	Oct 16	$0.07	$2.43	8%	34.71
$170.00	$172.50	$175.00	Oct 9	$0.12	$2.38	11%	19.83

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 84 found (best net $-0.19, 79 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$167.50	$170.00	1:2	Oct 2	-$0.59	$1.91
$170.00	$172.50	1:2	Oct 2	-$0.25	$2.25
$172.50	$175.00	1:2	Oct 2	-$0.04	$2.46
$165.00	$167.50	1:2	Oct 2	-$1.49	$1.01
$175.00	$177.50	1:2	Oct 2	-$0.06	$2.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$167.50	1:2	Oct 2	-$0.19	$2.31
$172.50	$170.00	1:2	Oct 2	-$0.86	$1.64
$162.50	$160.00	1:2	Oct 2	$0.00	$2.50
$160.00	$157.50	1:2	Oct 2	-$0.02	$2.48
$157.50	$155.00	1:2	Oct 2	-$0.02	$2.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 72 found (best yield 8.09%, avg 3.64%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$172.50	Nov 13	$13.70	0.50	1.8%	8.09%	9.90%	1	--
$185.00	Nov 13	$9.10	0.39	9.2%	5.37%	14.57%	10	7
$190.00	Nov 13	$7.95	0.35	12.2%	4.69%	16.84%	--	48
$200.00	Nov 13	$6.25	0.29	18.1%	3.69%	21.74%	2	--
$175.00	Nov 13	$12.15	0.48	3.3%	7.17%	10.47%	6	4
$190.00	Nov 6	$7.35	0.35	12.2%	4.34%	16.49%	--	216
$180.00	Nov 13	$9.90	0.43	6.2%	5.84%	12.09%	158	2
$200.00	Nov 6	$5.85	0.28	18.1%	3.45%	21.50%	16	197
$180.00	Nov 6	$9.70	0.44	6.2%	5.73%	11.97%	7	217
$185.00	Nov 6	$8.20	0.39	9.2%	4.84%	14.04%	91	434

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 71,792

Total Puts 22,622

Put/Call Ratio 0.32

Net Difference 49,170

Prior's Put/Call Breakdown

Total Calls 90,271

Total Puts 18,086

Put/Call Ratio 0.20

Net Difference 72,185

Prior 7-Day Put/Call Summary

Total Calls 1,924,418

Total Puts 974,338

Average Put/Call Ratio 0.52

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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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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