MSTR - Options Database

MSTR

STRATEGY INC A

$168.50 +9.47%

$169.31 (+0.48%)🌙

as of 09/21 06:03 PM

(9/18 18:03) ◀

Monday, September 21, 2026 (6:03pm)

▶

◀ 9/21 18:03

Option Volume

Detail

ℹ

Current (09/21) 645,323

Calls: 410,719 (64%)

Puts: 234,604 (36%)

Prior (09/18) 1,609,563

Calls: 1,043,212 (65%)

Puts: 566,351 (35%)

Current vs Prior -59.91%

Calls: -60.63% (Calls)

Puts: -58.58% (Puts)

Prior 7-Day Total 3,973,260

Calls: 2,538,086 (64%)

Puts: 1,435,174 (36%)

Prior 7-Day Average 567,608

Calls: 362,583 (64%)

Puts: 205,024 (36%)

Current vs Prior 7-Day Avg +13.69%

Calls: +13.28%

Puts: +14.43%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/21) $564.93M

Calls: $474.93M (84%)

Puts: $90.00M (16%)

Prior (09/18) $1.20B

Calls: $1.09B (91%)

Puts: $110.65M (9%)

Current vs Prior -52.99%

Calls: -56.47%

Puts: -18.67%

Prior 7-Day Total $2.32B

Calls: $1.75B (75%)

Puts: $573.30M (25%)

Prior 7-Day Average $331.77M

Calls: $249.87M (75%)

Puts: $81.90M (25%)

Current vs Prior 7-Day Avg +70.28%

Calls: +90.07%

Puts: +9.89%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21) 0.57

Prior (09/18) 0.54

Current vs Prior +5.21%

Prior 7-Day Average 0.63

Current vs Prior 7-Day Avg -9.65%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/21) 2,440,794

Calls: 1,368,186 (56%)

Puts: 1,072,608 (44%)

Prior (09/18) 2,892,043

Calls: 1,656,232 (57%)

Puts: 1,235,811 (43%)

Current vs Prior -15.60%

Prior 7-Day Total 19,549,857

Calls: 11,135,644 (57%)

Puts: 8,414,213 (43%)

Prior 7-Day Average 2,792,836

Calls: 1,590,806 (57%)

Puts: 1,202,030 (43%)

Current vs Prior 7-Day Avg -12.61%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 8.12% | 11.61%16.52% | 26.10%

Prior 8.65% | 11.69%1.80% | 16.98%

Current vs Prior -6.11% | -0.74%+817.78% | +53.75%

Prior 7-Day Avg 6.22% | 9.94%5.95% | 18.23%

Current vs 7-Day Avg +30.49% | +16.80%+177.69% | +43.15%

Prior 7-Day Eod 8.65% | 11.69%1.80% | 16.98%

Current vs 7-Day Eod -6.11% | -0.74%+817.78% | +53.75%

Sentiment BULLISHBEARISH

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 6.83% | 3.90%

Calls: 6.49% | 2.76%

Puts: 7.18% | 5.05%

Current vs 7-Day Avg -55.07% | -3.95%

Liquidity Acceptable

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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($474.93M) vs puts ($90.00M). Light premium activity with dollar volume down 53% vs prior. Dollar volume significantly above 7-day average (70% higher). Below-average activity with volume down 60% vs prior.

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 315 of results (avg 4.8%, best 1.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 16	7.80	7.95	$7.88	1.9%	2.0K	0.37	1.2K
$155.00	Oct 16	20.45	20.85	$20.65	1.9%	818	0.70	10.5K
$150.00	Oct 16	23.70	24.20	$23.95	2.1%	6.4K	0.76	9.7K
$170.00	Oct 9	10.75	11.00	$10.88	2.3%	1.3K	0.52	584
$157.50	Sep 25	12.70	13.00	$12.85	2.3%	1.4K	0.80	15.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 16	35.60	36.15	$35.88	1.5%	37	0.74	337
$190.00	Oct 16	27.45	28.05	$27.75	2.2%	76	0.68	377
$185.00	Oct 2	20.25	20.70	$20.48	2.2%	55	0.71	16
$180.00	Oct 30	23.05	23.60	$23.33	2.4%	27	0.55	--
$180.00	Oct 16	20.10	20.60	$20.35	2.5%	179	0.58	1.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 17 found (avg $0.47, cheapest $0.12)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 25	0.62	0.65	$0.64	4.7%	18.5K	0.08	2.2K
$195.00	Sep 25	0.87	0.95	$0.91	8.8%	3.4K	0.11	589

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$137.00	Sep 25	0.11	0.13	$0.12	16.7%	515	0.02	1.9K
$140.00	Sep 25	0.15	0.17	$0.16	12.5%	6.6K	0.03	7.1K
$136.00	Sep 25	0.10	0.12	$0.11	18.2%	970	0.02	349
$142.00	Sep 25	0.20	0.22	$0.21	9.5%	433	0.03	514
$135.00	Sep 25	0.09	0.10	$0.10	10.0%	1.8K	0.01	2.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 173 found (avg delta 0.77, highest 0.99)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$135.00	Sep 25	33.20	34.80	$34.00	4.7%	516	0.99	11.0K
$136.00	Sep 25	32.20	33.95	$33.08	5.3%	110	0.98	2.9K
$137.00	Sep 25	31.20	32.00	$31.60	2.5%	40	0.98	726
$138.00	Sep 25	30.25	31.80	$31.03	5.0%	244	0.98	577
$139.00	Sep 25	29.25	30.05	$29.65	2.7%	45	0.98	499

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 25	30.90	32.55	$31.73	5.2%	36	0.91	111
$195.00	Sep 25	27.10	27.80	$27.45	2.6%	47	0.89	71
$190.00	Sep 25	22.00	23.20	$22.60	5.3%	24	0.85	71
$200.00	Oct 2	32.95	33.95	$33.45	3.0%	7	0.83	--
$187.50	Sep 25	19.45	20.85	$20.15	6.9%	100	0.83	71

Most actively traded options today. High liquidity = easy entry/exit. 347 active (total vol 391.3K, top 21.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$170.00	Sep 25	5.50	5.65	$5.58	2.7%	21.8K	0.48	4.9K
$200.00	Sep 25	0.62	0.65	$0.64	4.7%	18.5K	0.08	2.2K
$175.00	Sep 25	3.80	3.95	$3.88	3.9%	17.7K	0.37	3.6K
$160.00	Sep 25	10.85	11.20	$11.02	3.2%	15.2K	0.74	10.8K
$200.00	Oct 2	2.09	2.15	$2.12	2.8%	14.9K	0.16	922

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	2.37	2.47	$2.42	4.1%	11.1K	0.26	695
$150.00	Sep 25	0.60	0.64	$0.62	6.5%	10.8K	0.09	3.3K
$155.00	Sep 25	1.23	1.28	$1.25	4.0%	8.5K	0.16	1.0K
$165.00	Sep 25	4.20	4.50	$4.35	6.9%	8.4K	0.39	186
$140.00	Sep 25	0.15	0.17	$0.16	12.5%	6.6K	0.03	7.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 22 strikes (avg 18.3%, max 31.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$185.00	Sep 25	Oct 30	100.3%	79.8%	25.7%	8.2K	1.6K
$180.00	Sep 25	Oct 30	96.8%	78.2%	23.7%	14.9K	3.4K
$172.50	Sep 25	Oct 16	91.6%	77.1%	18.8%	9.2K	375
$165.00	Sep 25	Oct 30	86.4%	72.9%	18.6%	8.5K	10.9K
$175.00	Sep 25	Oct 30	93.0%	78.5%	18.4%	18.3K	3.7K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$190.00	Sep 25	Oct 30	104.0%	79.3%	31.1%	26	71
$185.00	Sep 25	Oct 30	100.3%	79.8%	25.7%	300	71
$172.50	Sep 25	Oct 16	91.6%	77.1%	18.8%	982	75
$165.00	Sep 25	Oct 30	86.4%	72.9%	18.6%	8.7K	186
$175.00	Sep 25	Oct 30	93.0%	78.5%	18.4%	1.7K	84

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 200 found (best R:R 3.35, avg 2.61)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$180.00	$185.00	Oct 23	$1.15	$3.85	$1.15	43%	3.35	$181.15
$165.00	$170.00	Oct 23	$1.92	$3.08	$1.92	58%	1.60	$166.92
$170.00	$175.00	Oct 30	$1.73	$3.27	$1.73	54%	1.89	$171.73
$180.00	$185.00	Oct 30	$1.30	$3.70	$1.30	45%	2.85	$181.30
$160.00	$165.00	Oct 30	$2.30	$2.70	$2.30	63%	1.17	$162.30

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$149.00	$148.00	Oct 23	$0.15	$0.85	$0.15	25%	5.67	$148.85
$150.00	$149.00	Oct 30	$0.25	$0.75	$0.25	27%	3.00	$149.75
$148.00	$147.00	Oct 2	$0.13	$0.87	$0.13	14%	6.69	$147.87
$143.00	$142.00	Oct 30	$0.20	$0.80	$0.20	21%	4.00	$142.80
$146.00	$145.00	Oct 16	$0.20	$0.80	$0.20	20%	4.00	$145.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 137 found (best R:R 0.68, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$182.50	$185.00	Sep 25	$0.41	$0.41	$2.09	76%	0.20	$182.91
$187.50	$190.00	Sep 25	$0.26	$0.26	$2.24	83%	0.12	$187.76
$195.00	$200.00	Sep 25	$0.27	$0.27	$4.73	89%	0.06	$195.27
$185.00	$187.50	Sep 25	$0.30	$0.30	$2.20	80%	0.14	$185.30
$175.00	$177.50	Sep 25	$0.68	$0.68	$1.82	63%	0.37	$175.68

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$155.00	$150.00	Oct 30	$2.02	$2.02	$2.98	68%	0.68	$152.98
$165.00	$160.00	Oct 23	$2.45	$2.45	$2.55	58%	0.96	$162.55
$160.00	$155.00	Oct 23	$2.16	$2.16	$2.84	64%	0.76	$157.84
$155.00	$150.00	Oct 23	$1.79	$1.79	$3.21	69%	0.56	$153.21
$165.00	$160.00	Oct 30	$2.35	$2.35	$2.65	58%	0.89	$162.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $2.89, cheapest $2.87)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$172.50	Sep 25	Oct 2	$2.90	91.6%	80.2%
$175.00	Sep 25	Oct 2	$2.90	93.0%	81.7%
$170.00	Sep 25	Oct 2	$2.99	89.6%	79.6%
$165.00	Sep 25	Oct 2	$3.05	86.4%	76.8%
$167.50	Sep 25	Oct 2	$3.03	86.9%	77.3%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$172.50	Sep 25	Oct 2	$2.87	91.6%	80.2%
$175.00	Sep 25	Oct 2	$2.85	93.0%	81.7%
$170.00	Sep 25	Oct 2	$2.85	89.6%	79.6%
$165.00	Sep 25	Oct 2	$2.83	86.4%	76.8%
$167.50	Sep 25	Oct 2	$2.92	86.9%	77.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 7.23% of stock, avg 14.12%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$167.50	Sep 25	$6.65	$5.53	$12.18	$155.32	$179.68	7.23%
$165.00	Sep 25	$7.90	$4.35	$12.25	$152.75	$177.25	7.27%
$170.00	Sep 25	$5.58	$7.03	$12.61	$157.39	$182.61	7.48%
$162.50	Sep 25	$9.35	$3.33	$12.68	$149.82	$175.18	7.53%
$172.50	Sep 25	$4.68	$8.53	$13.21	$159.29	$185.71	7.84%
$160.00	Sep 25	$11.02	$2.42	$13.44	$146.56	$173.44	7.98%
$175.00	Sep 25	$3.88	$10.23	$14.11	$160.89	$189.11	8.37%
$157.50	Sep 25	$12.85	$1.74	$14.59	$142.91	$172.09	8.66%
$177.50	Sep 25	$3.20	$12.08	$15.28	$162.22	$192.78	9.07%
$155.00	Sep 25	$14.80	$1.25	$16.05	$138.95	$171.05	9.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.63% of stock, avg 10.00%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$180.00	$157.50	Sep 25	$2.69	$1.74	$4.43	$153.07	$184.43
$180.00	$160.00	Sep 25	$2.69	$2.42	$5.11	$154.89	$185.11
$177.50	$157.50	Sep 25	$3.20	$1.74	$4.94	$152.56	$182.44
$177.50	$160.00	Sep 25	$3.20	$2.42	$5.62	$154.38	$183.12
$180.00	$162.50	Sep 25	$2.69	$3.33	$6.02	$156.48	$186.02
$177.50	$162.50	Sep 25	$3.20	$3.33	$6.53	$155.97	$184.03
$175.00	$157.50	Sep 25	$3.88	$1.74	$5.62	$151.88	$180.62
$175.00	$160.00	Sep 25	$3.88	$2.42	$6.30	$153.70	$181.30
$175.00	$162.50	Sep 25	$3.88	$3.33	$7.21	$155.29	$182.21
$180.00	$165.00	Sep 25	$2.69	$4.35	$7.04	$157.96	$187.04

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 155 found (best R:R 0.88, avg credit $1.07)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
160/162	188/190	Sep 25	$1.17	$1.33	50%	0.88	$161.33	$188.67
160/162	182/185	Sep 25	$1.32	$1.18	44%	1.12	$161.18	$183.82
160/162	185/188	Sep 25	$1.21	$1.29	48%	0.94	$161.29	$186.21
158/160	188/190	Sep 25	$0.94	$1.56	57%	0.60	$159.06	$188.44
158/160	182/185	Sep 25	$1.09	$1.41	50%	0.77	$158.91	$183.59
160/162	180/182	Sep 25	$1.33	$1.17	40%	1.14	$161.17	$181.33
158/160	185/188	Sep 25	$0.98	$1.52	54%	0.64	$159.02	$185.98
160/162	178/180	Sep 25	$1.42	$1.08	36%	1.31	$161.08	$178.92
155/158	188/190	Sep 25	$0.75	$1.75	62%	0.43	$156.75	$188.25
150/152	188/190	Sep 25	$0.53	$1.97	71%	0.27	$151.97	$188.03

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 150 found (best R:R 32.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$185.00	$190.00	$195.00	Oct 9	$0.11	$4.89	9%	44.45
$185.00	$190.00	$195.00	Oct 16	$0.12	$4.88	8%	40.67
$190.00	$195.00	$200.00	Oct 2	$0.10	$4.90	8%	49.00
$185.00	$190.00	$195.00	Oct 23	$0.12	$4.88	8%	40.67
$190.00	$195.00	$200.00	Sep 25	$0.12	$4.88	7%	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$175.00	$180.00	$185.00	Oct 9	$0.15	$4.85	12%	32.33
$185.00	$190.00	$195.00	Oct 9	$0.10	$4.90	9%	49.00
$160.00	$165.00	$170.00	Oct 23	$0.20	$4.80	11%	24.00
$160.00	$162.50	$165.00	Sep 25	$0.11	$2.39	13%	21.73
$185.00	$190.00	$195.00	Oct 16	$0.16	$4.84	8%	30.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 51 found (best net $-0.52, 51 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$190.00	$195.00	1:2	Sep 25	-$0.52	$4.48
$195.00	$200.00	1:2	Sep 25	-$0.37	$4.63
$187.50	$190.00	1:2	Sep 25	-$1.04	$1.46
$195.00	$200.00	1:2	Oct 2	-$1.59	$3.41
$185.00	$187.50	1:2	Sep 25	-$1.26	$1.24

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$136.00	$135.00	1:2	Sep 25	-$0.09	$0.91
$138.00	$137.00	1:2	Sep 25	-$0.10	$0.90
$137.00	$136.00	1:2	Sep 25	-$0.10	$0.90
$140.00	$139.00	1:2	Sep 25	-$0.12	$0.88
$141.00	$140.00	1:2	Sep 25	-$0.14	$0.86

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 6.41%, avg 4.08%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$185.00	Oct 30	$10.80	0.41	9.8%	6.41%	16.20%	346	99
$180.00	Oct 30	$12.30	0.45	6.8%	7.30%	14.12%	888	672
$190.00	Oct 30	$9.45	0.37	12.8%	5.61%	18.37%	401	270
$195.00	Oct 30	$8.35	0.34	15.7%	4.96%	20.68%	252	480
$175.00	Oct 30	$14.00	0.49	3.9%	8.31%	12.17%	590	125
$200.00	Oct 30	$7.35	0.30	18.7%	4.36%	23.06%	498	376
$170.00	Oct 30	$15.90	0.54	0.9%	9.44%	10.33%	485	477
$185.00	Oct 23	$9.15	0.39	9.8%	5.43%	15.22%	136	286
$190.00	Oct 23	$7.95	0.35	12.8%	4.72%	17.48%	163	207
$175.00	Oct 23	$12.25	0.48	3.9%	7.27%	11.13%	634	534

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 410,719

Total Puts 234,604

Put/Call Ratio 0.57

Net Difference 176,115

Prior's Put/Call Breakdown

Total Calls 1,043,212

Total Puts 566,351

Put/Call Ratio 0.54

Net Difference 476,861

Prior 7-Day Put/Call Summary

Total Calls 2,538,086

Total Puts 1,435,174

Average Put/Call Ratio 0.63

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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