MSTR - Options Database

MSTR

STRATEGY INC A

$98.52 +7.47%

(7/24 01:44) ◀

Monday, July 27, 2026 (3:05pm)

▶ (7/27 18:06)

◀ 7/27 15:06 ▶

Option Volume

Detail

ℹ

Current (07/27 3:05pm) 204,209

Calls: 104,206 (51%)

Puts: 100,003 (49%)

Prior (07/22) 200,569

Calls: 136,033 (68%)

Puts: 64,536 (32%)

Current vs Prior +1.81%

Calls: -23.40% (Calls)

Puts: +54.96% (Puts)

Prior 7-Day Total 1,795,047

Calls: 1,136,885 (63%)

Puts: 658,162 (37%)

Prior 7-Day Average 256,435

Calls: 162,412 (63%)

Puts: 94,023 (37%)

Current vs Prior 7-Day Avg -20.37%

Calls: -35.84%

Puts: +6.36%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/27 3:05pm) $97.58M

Calls: $36.55M (37%)

Puts: $61.03M (63%)

Prior (07/22) $68.71M

Calls: $41.90M (61%)

Puts: $26.81M (39%)

Current vs Prior +42.02%

Calls: -12.77%

Puts: +127.65%

Prior 7-Day Total $635.03M

Calls: $288.98M (46%)

Puts: $346.05M (54%)

Prior 7-Day Average $90.72M

Calls: $41.28M (46%)

Puts: $49.44M (54%)

Current vs Prior 7-Day Avg +7.56%

Calls: -11.46%

Puts: +23.45%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/27 3:05pm) 0.96

Prior (07/22) 0.47

Current vs Prior +102.28%

Prior 7-Day Average 0.66

Current vs Prior 7-Day Avg +45.34%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/27 3:05pm) 2,428,026

Calls: 1,257,663 (52%)

Puts: 1,170,363 (48%)

Prior (07/22) 2,486,139

Calls: 1,276,107 (51%)

Puts: 1,210,032 (49%)

Current vs Prior -2.34%

Prior 7-Day Total 18,204,085

Calls: 9,459,234 (52%)

Puts: 8,744,851 (48%)

Prior 7-Day Average 2,600,583

Calls: 1,351,319 (52%)

Puts: 1,249,264 (48%)

Current vs Prior 7-Day Avg -6.64%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)

Current 8.56% | 12.06%17.16% | 24.90%

Prior 5.66% | 11.26%19.27% | 28.94%

Current vs Prior +51.12% | +7.05%-10.94% | -13.96%

Prior 7-Day Avg 5.71% | 11.20%11.29% | 24.83%

Current vs 7-Day Avg +49.85% | +7.67%+52.07% | +0.28%

Prior 7-Day Eod 5.66% | 11.26%18.28% | 25.47%

Current vs 7-Day Eod +51.12% | +7.05%-6.12% | -2.25%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.98% | 6.30%

Calls: 3.63% | 6.00%

Puts: 2.33% | 6.61%

Prior 5.67% | 5.76%

Calls: 6.04% | 5.41%

Puts: 5.30% | 6.11%

Current vs Prior -47.44% | +9.38%

Prior 7-Day Avg 9.06% | 7.10%

Calls: 9.29% | 7.28%

Puts: 8.83% | 6.92%

Current vs 7-Day Avg -67.11% | -11.25%

Liquidity Good

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🤖 AI Insights

Moderately bearish flow with 63% put dollar volume ($61.03M). P/C ratio rising 102% - increased hedging/bearish positioning.

Smart Money BEARISH

Retail Flow NEUTRAL

Overall MIXED

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BEARISH

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
16:20	BEARISH	BULLISH	BULLISH
15:05	BEARISH	NEUTRAL	MIXED

📈 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 283 of results (avg 6.6%, best 2.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$93.00	Jul 31	7.35	7.50	$7.43	2.0%	98	0.72	574
$95.00	Jul 31	6.00	6.20	$6.10	3.3%	1.6K	0.65	22.0K
$95.00	Aug 21	10.10	10.45	$10.27	3.4%	201	0.61	1.6K
$85.00	Aug 21	16.50	17.10	$16.80	3.6%	10	0.78	609
$94.00	Aug 7	8.20	8.50	$8.35	3.6%	8	0.65	203

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$99.00	Jul 31	4.25	4.35	$4.30	2.3%	76	0.50	934
$95.00	Aug 21	6.35	6.50	$6.43	2.3%	236	0.39	2.9K
$115.00	Aug 21	19.05	19.55	$19.30	2.6%	211	0.73	3.5K
$100.00	Aug 21	8.90	9.15	$9.03	2.8%	183	0.48	4.5K
$85.00	Aug 21	3.00	3.10	$3.05	3.3%	365	0.22	6.2K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 19 found (avg $0.61, cheapest $0.28)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$117.00	Jul 31	0.25	0.30	$0.28	17.9%	171	0.06	189
$116.00	Jul 31	0.30	0.36	$0.33	18.2%	575	0.07	203
$115.00	Jul 31	0.36	0.42	$0.39	15.4%	1.6K	0.08	1.4K
$113.00	Jul 31	0.49	0.58	$0.53	17.0%	108	0.11	238
$112.00	Jul 31	0.55	0.64	$0.60	15.0%	2.1K	0.12	595

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Jul 31	0.27	0.31	$0.29	13.8%	150	0.06	3.4K
$83.00	Jul 31	0.32	0.36	$0.34	11.8%	146	0.06	5.3K
$84.00	Jul 31	0.38	0.44	$0.41	14.6%	294	0.08	8.2K
$85.00	Jul 31	0.45	0.48	$0.47	6.4%	903	0.09	3.0K
$86.00	Jul 31	0.53	0.59	$0.56	10.7%	3.2K	0.10	1.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 185 found (avg delta 0.68, highest 0.94)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Jul 31	19.05	20.35	$19.70	6.6%	2	0.94	5
$80.00	Jul 31	18.10	19.00	$18.55	4.9%	62	0.94	98
$81.00	Jul 31	17.10	18.05	$17.58	5.4%	61	0.93	44
$82.00	Jul 31	16.15	17.10	$16.63	5.7%	20	0.93	11
$83.00	Jul 31	15.20	16.15	$15.68	6.1%	46	0.92	56

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$118.00	Jul 31	19.45	20.40	$19.92	4.8%	1	0.94	13
$117.00	Jul 31	18.30	19.45	$18.88	6.1%	--	0.94	59
$116.00	Jul 31	17.30	18.50	$17.90	6.7%	31	0.93	58
$115.00	Jul 31	16.60	17.45	$17.02	5.0%	411	0.92	1.3K
$114.00	Jul 31	15.45	16.65	$16.05	7.5%	1	0.91	47

Most actively traded options today. High liquidity = easy entry/exit. 372 active (total vol 102.7K, top 6.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$100.00	Jul 31	3.30	3.50	$3.40	5.9%	6.8K	0.46	19.2K
$105.00	Jul 31	1.69	1.81	$1.75	6.9%	3.0K	0.29	5.1K
$110.00	Jul 31	0.78	0.85	$0.82	8.5%	2.6K	0.16	2.9K
$103.00	Jul 31	2.24	2.40	$2.32	6.9%	2.2K	0.35	20.8K
$112.00	Jul 31	0.55	0.64	$0.60	15.0%	2.1K	0.12	595

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Jul 31	2.48	2.62	$2.55	5.5%	6.5K	0.34	3.9K
$90.00	Jul 31	1.10	1.21	$1.16	9.5%	4.2K	0.19	4.4K
$82.00	Aug 7	0.88	0.99	$0.94	11.7%	3.8K	0.11	548
$80.00	Jul 31	0.19	0.24	$0.22	22.7%	3.7K	0.04	4.6K
$86.00	Jul 31	0.53	0.59	$0.56	10.7%	3.2K	0.10	1.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 78 strikes (avg 24.8%, max 36.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.00	Jul 31	Aug 28	118.1%	87.5%	34.9%	62	112
$85.00	Jul 31	Sep 4	107.2%	81.1%	32.3%	38	235
$82.00	Jul 31	Aug 21	113.4%	86.1%	31.7%	50	12
$83.00	Jul 31	Aug 21	111.3%	85.6%	30.1%	46	70
$86.00	Jul 31	Sep 4	106.1%	82.3%	29.0%	38	76

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.00	Jul 31	Sep 4	118.1%	86.4%	36.7%	3.8K	4.6K
$81.00	Jul 31	Aug 21	116.2%	87.2%	33.3%	327	409
$82.00	Jul 31	Aug 28	113.4%	85.9%	32.1%	152	3.4K
$85.00	Jul 31	Sep 4	107.2%	81.2%	32.1%	1.0K	3.0K
$84.00	Jul 31	Sep 4	110.1%	83.5%	31.9%	295	8.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 275 found (best R:R 9.00, avg 2.06)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$111.00	$112.00	Jul 31	$0.13	$0.87	$0.13	6.69	$111.13
$114.00	$115.00	Aug 7	$0.13	$0.87	$0.13	6.69	$114.13
$109.00	$110.00	Jul 31	$0.14	$0.86	$0.14	6.14	$109.14
$108.00	$109.00	Jul 31	$0.15	$0.85	$0.15	5.67	$108.15
$112.00	$113.00	Aug 7	$0.16	$0.84	$0.16	5.25	$112.16

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$85.00	$84.00	Sep 4	$0.10	$0.90	$0.10	9.00	$84.90
$87.00	$86.00	Jul 31	$0.11	$0.89	$0.11	8.09	$86.89
$82.00	$81.00	Aug 7	$0.11	$0.89	$0.11	8.09	$81.89
$84.00	$83.00	Aug 7	$0.12	$0.88	$0.12	7.33	$83.88
$85.00	$84.00	Aug 28	$0.12	$0.88	$0.12	7.33	$84.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 345 found (best R:R 7.33, avg 1.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$86.00	$87.00	Jul 31	$0.88	$0.88	$0.12	7.33	$86.88
$80.00	$82.00	Aug 14	$1.72	$1.72	$0.28	6.14	$81.72
$82.00	$83.00	Aug 7	$0.85	$0.85	$0.15	5.67	$82.85
$85.00	$86.00	Aug 7	$0.85	$0.85	$0.15	5.67	$85.85
$86.00	$87.00	Aug 7	$0.85	$0.85	$0.15	5.67	$86.85

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$116.00	$115.00	Jul 31	$0.88	$0.88	$0.12	7.33	$115.12
$96.00	$95.00	Sep 4	$0.85	$0.85	$0.15	5.67	$95.15
$115.00	$114.00	Aug 14	$0.83	$0.83	$0.17	4.88	$114.17
$114.00	$113.00	Jul 31	$0.82	$0.82	$0.18	4.56	$113.18
$111.00	$110.00	Aug 28	$0.82	$0.82	$0.18	4.56	$110.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 78 found (avg debit $1.33, cheapest $0.55)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$80.00	Jul 31	Aug 7	$0.65	118.1%	95.7%
$81.00	Jul 31	Aug 7	$0.65	116.2%	93.9%
$82.00	Jul 31	Aug 7	$0.70	113.4%	92.9%
$83.00	Jul 31	Aug 7	$0.80	111.3%	92.2%
$84.00	Jul 31	Aug 7	$0.80	110.1%	91.0%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$80.00	Jul 31	Aug 7	$0.55	118.1%	95.8%
$81.00	Jul 31	Aug 7	$0.57	116.2%	93.9%
$82.00	Jul 31	Aug 7	$0.65	113.4%	92.9%
$83.00	Jul 31	Aug 7	$0.73	111.3%	92.2%
$115.00	Jul 31	Aug 7	$0.73	102.7%	85.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 181 found (cheapest 8.25% of stock, avg 16.60%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$98.00	Jul 31	$4.33	$3.80	$8.13	$89.87	$106.13	8.25%
$99.00	Jul 31	$3.88	$4.30	$8.18	$90.82	$107.18	8.30%
$97.50	Jul 31	$4.55	$3.65	$8.20	$89.30	$105.70	8.32%
$98.50	Jul 31	$4.13	$4.08	$8.21	$90.29	$106.71	8.33%
$97.00	Jul 31	$4.90	$3.40	$8.30	$88.70	$105.30	8.42%
$96.00	Jul 31	$5.40	$2.94	$8.34	$87.66	$104.34	8.47%
$100.00	Jul 31	$3.40	$4.95	$8.35	$91.65	$108.35	8.48%
$96.50	Jul 31	$5.15	$3.22	$8.37	$88.13	$104.87	8.50%
$101.00	Jul 31	$3.03	$5.53	$8.56	$92.44	$109.56	8.69%
$95.00	Jul 31	$6.10	$2.55	$8.65	$86.35	$103.65	8.78%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 5.51% of stock, avg 13.22%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$104.00	$97.00	Jul 31	$2.03	$3.40	$5.43	$91.57	$109.43
$104.00	$97.50	Jul 31	$2.03	$3.65	$5.68	$91.82	$109.68
$103.00	$97.00	Jul 31	$2.32	$3.40	$5.72	$91.28	$108.72
$104.00	$98.00	Jul 31	$2.03	$3.80	$5.83	$92.17	$109.83
$103.00	$97.50	Jul 31	$2.32	$3.65	$5.97	$91.53	$108.97
$102.00	$97.00	Jul 31	$2.67	$3.40	$6.07	$90.93	$108.07
$104.00	$98.50	Jul 31	$2.03	$4.08	$6.11	$92.39	$110.11
$103.00	$98.00	Jul 31	$2.32	$3.80	$6.12	$91.88	$109.12
$102.00	$97.50	Jul 31	$2.67	$3.65	$6.32	$91.18	$108.32
$104.00	$99.00	Jul 31	$2.03	$4.30	$6.33	$92.67	$110.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 181 found (best R:R 9.53, avg credit $1.02)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
80/81	82/84	Aug 14	$1.81	$0.19	9.53	$79.19	$83.81
82/83	89/90	Aug 7	$0.90	$0.10	9.00	$82.10	$89.90
85/86	87/88	Aug 7	$0.90	$0.10	9.00	$85.10	$87.90
86/87	92/93	Aug 21	$0.90	$0.10	9.00	$86.10	$92.90
86/87	93/94	Aug 21	$0.90	$0.10	9.00	$86.10	$93.90
85/86	89/90	Aug 28	$0.90	$0.10	9.00	$85.10	$89.90
80/82	87/89	Aug 28	$1.79	$0.21	8.52	$80.21	$88.79
81/82	84/85	Aug 7	$0.89	$0.11	8.09	$81.11	$84.89
83/84	89/90	Aug 7	$0.89	$0.11	8.09	$83.11	$89.89
83/84	90/91	Aug 21	$0.89	$0.11	8.09	$83.11	$90.89

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 103 found (best R:R 19.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$109.00	$110.00	$111.00	Jul 31	$0.05	$0.95	19.00
$81.00	$82.00	$83.00	Aug 7	$0.05	$0.95	19.00
$94.00	$95.00	$96.00	Aug 14	$0.05	$0.95	19.00
$107.00	$108.00	$109.00	Aug 14	$0.05	$0.95	19.00
$108.00	$109.00	$110.00	Aug 14	$0.05	$0.95	19.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$80.00	$81.00	$82.00	Aug 7	$0.05	$0.95	19.00
$81.00	$82.00	$83.00	Aug 21	$0.05	$0.95	19.00
$91.00	$92.00	$93.00	Aug 21	$0.05	$0.95	19.00
$88.00	$89.00	$90.00	Jul 31	$0.06	$0.94	15.67
$116.00	$117.00	$118.00	Jul 31	$0.06	$0.94	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. 30 found (best net $-1.88, 30 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$110.00	$115.00	1:2	Aug 21	-$1.88	$3.12
$105.00	$110.00	1:2	Aug 21	-$2.70	$2.30
$117.00	$118.00	1:2	Jul 31	-$0.22	$0.78
$116.00	$117.00	1:2	Jul 31	-$0.23	$0.77
$115.00	$116.00	1:2	Jul 31	-$0.27	$0.73

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.00	$80.00	1:2	Sep 4	-$2.45	$1.55
$81.00	$80.00	1:2	Jul 31	-$0.18	$0.82
$80.00	$79.00	1:2	Jul 31	-$0.20	$0.80
$82.00	$81.00	1:2	Jul 31	-$0.23	$0.77
$83.00	$82.00	1:2	Jul 31	-$0.24	$0.76

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 95 found (best yield 9.64%, avg 4.22%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$99.00	Sep 4	$9.50	0.54	0.5%	9.64%	10.13%	8	--
$100.00	Sep 4	$9.30	0.53	1.5%	9.44%	10.94%	17	22
$99.00	Aug 28	$8.85	0.54	0.5%	8.98%	9.47%	28	42
$100.00	Aug 28	$8.60	0.52	1.5%	8.73%	10.23%	67	237
$101.00	Sep 4	$8.60	0.51	2.5%	8.73%	11.25%	3	65
$101.00	Aug 28	$8.05	0.50	2.5%	8.17%	10.69%	6	10
$99.00	Aug 21	$7.95	0.53	0.5%	8.07%	8.56%	46	79
$103.00	Sep 4	$7.90	0.48	4.5%	8.02%	12.57%	16	1
$104.00	Sep 4	$7.65	0.47	5.6%	7.76%	13.33%	9	--
$100.00	Aug 21	$7.55	0.51	1.5%	7.66%	9.17%	540	10.6K

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 104,206

Total Puts 100,003

Put/Call Ratio 0.96

Net Difference 4,203

Prior's Put/Call Breakdown

Total Calls 136,033

Total Puts 64,536

Put/Call Ratio 0.47

Net Difference 71,497

Prior 7-Day Put/Call Summary

Total Calls 1,136,885

Total Puts 658,162

Average Put/Call Ratio 0.66

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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