MSTR options chain — MicroStrategy Inc.
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MSTR expected move by Fri Nov 6: ±$4.41 (3.5%) · $122–$131
| Calls | Calls | Calls | Calls | Calls | Calls | Puts | Puts | Puts | Puts | Puts | Puts | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Δ | IV | OI | Vol | Bid | Ask | Strike | Bid | Ask | Vol | OI | IV | Δ |
| Model Greek, 0.99 | OTM side's IV, 294.7% | 78 | 11 | Vol 11 | OI 78 | 105 | Vol 72 | OI 5.6K | 72 | 5.6K | IV solved from mid, 294.7% | Model Greek, −0.01 |
| Model Greek, 0.99 | OTM side's IV, 307.1% | 34 | 2 | Vol 2 | OI 34 | 107 | Vol 60 | OI 129 | 60 | 129 | IV solved from mid, 307.1% | Model Greek, −0.01 |
| Model Greek, 0.99 | OTM side's IV, 296.5% | 65 | 94 | Vol 94 | OI 65 | 108 | Vol 30 | OI 990 | 30 | 990 | IV solved from mid, 296.5% | Model Greek, −0.01 |
| Model Greek, 0.98 | OTM side's IV, 288.9% | 69 | 92 | Vol 92 | OI 69 | 109 | Vol 92 | OI 359 | 92 | 359 | IV solved from mid, 288.9% | Model Greek, −0.02 |
| Model Greek, 0.99 | OTM side's IV, 227.2% | 53 | 6 | Vol 6 | OI 53 | 110 | Vol 118 | OI 4.5K | 118 | 4.5K | IV solved from mid, 227.2% | Model Greek, −0.01 |
| Model Greek, 0.98 | OTM side's IV, 258.0% | 125 | 100 | Vol 100 | OI 125 | 111 | Vol 13 | OI 364 | 13 | 364 | IV solved from mid, 258.0% | Model Greek, −0.02 |
| Model Greek, 0.98 | OTM side's IV, 228.3% | 39 | 6 | Vol 6 | OI 39 | 112 | Vol 66 | OI 627 | 66 | 627 | IV solved from mid, 228.3% | Model Greek, −0.02 |
| Model Greek, 0.98 | OTM side's IV, 224.1% | 21 | 2 | Vol 2 | OI 21 | 113 | Vol 4 | OI 751 | 4 | 751 | IV solved from mid, 224.1% | Model Greek, −0.02 |
| Model Greek, 0.98 | OTM side's IV, 211.8% | 25 | 4 | Vol 4 | OI 25 | 114 | Vol 48 | OI 357 | 48 | 357 | IV solved from mid, 211.8% | Model Greek, −0.02 |
| Model Greek, 0.97 | OTM side's IV, 199.1% | 106 | 15 | Vol 15 | OI 106 | 115 | Vol 238 | OI 2.1K | 238 | 2.1K | IV solved from mid, 199.1% | Model Greek, −0.03 |
| Model Greek, 0.94 | OTM side's IV, 220.9% | 45 | 9 | Vol 9 | OI 45 | 116 | Vol 35 | OI 1.4K | 35 | 1.4K | IV solved from mid, 220.9% | Model Greek, −0.06 |
| Model Greek, 0.94 | OTM side's IV, 199.0% | 34 | 27 | Vol 27 | OI 34 | 117 | Vol 11 | OI 2.0K | 11 | 2.0K | IV solved from mid, 199.0% | Model Greek, −0.06 |
| Model Greek, 0.94 | OTM side's IV, 180.0% | 107 | 70 | Vol 70 | OI 107 | 118 | Vol 153 | OI 5.6K | 153 | 5.6K | IV solved from mid, 180.0% | Model Greek, −0.06 |
| Model Greek, 0.91 | OTM side's IV, 183.0% | 39 | 1 | Vol 1 | OI 39 | 119 | Vol 547 | OI 1.1K | 547 | 1.1K | IV solved from mid, 183.0% | Model Greek, −0.09 |
| Model Greek, 0.88 | OTM side's IV, 177.3% | 941 | 229 | Vol 229 | OI 941 | 120 | Vol 4.6K | OI 3.6K | 4.6K | 3.6K | IV solved from mid, 177.3% | Model Greek, −0.12 |
| Model Greek, 0.86 | OTM side's IV, 165.3% | 55 | 15 | Vol 15 | OI 55 | 121 | Vol 285 | OI 839 | 285 | 839 | IV solved from mid, 165.3% | Model Greek, −0.14 |
| Model Greek, 0.81 | OTM side's IV, 161.4% | 100 | 90 | Vol 90 | OI 100 | 122 | Vol 157 | OI 1.9K | 157 | 1.9K | IV solved from mid, 161.4% | Model Greek, −0.19 |
| Model Greek, 0.76 | OTM side's IV, 154.3% | 196 | 28 | Vol 28 | OI 196 | 123 | Vol 1.1K | OI 4.6K | 1.1K | 4.6K | IV solved from mid, 154.3% | Model Greek, −0.24 |
| Model Greek, 0.70 | OTM side's IV, 145.4% | 175 | 108 | Vol 108 | OI 175 | 124 | Vol 753 | OI 421 | 753 | 421 | IV solved from mid, 145.4% | Model Greek, −0.30 |
| Model Greek, 0.62 | OTM side's IV, 142.2% | 340 | 136 | Vol 136 | OI 340 | 125 | Vol 3.7K | OI 6.1K | 3.7K | 6.1K | IV solved from mid, 142.2% | Model Greek, −0.38 |
| Model Greek, 0.53 | OTM side's IV, 142.0% | 288 | 318 | Vol 318 | OI 288 | 126 | Vol 1.3K | OI 724 | 1.3K | 724 | IV solved from mid, 142.0% | Model Greek, −0.47 |
| Model Greek, 0.44 | IV solved from mid, 138.3% | 283 | 961 | Vol 961 | OI 283 | 127 | Vol 1.1K | OI 725 | 1.1K | 725 | OTM side's IV, 138.3% | Model Greek, −0.56 |
| Model Greek, 0.35 | IV solved from mid, 137.1% | 428 | 1.4K | Vol 1.4K | OI 428 | 128 | Vol 1.8K | OI 906 | 1.8K | 906 | OTM side's IV, 137.1% | Model Greek, −0.65 |
| Model Greek, 0.27 | IV solved from mid, 135.4% | 345 | 1.7K | Vol 1.7K | OI 345 | 129 | Vol 594 | OI 872 | 594 | 872 | OTM side's IV, 135.4% | Model Greek, −0.73 |
| Model Greek, 0.19 | IV solved from mid, 131.4% | 959 | 6.1K | Vol 6.1K | OI 959 | 130 | Vol 887 | OI 2.5K | 887 | 2.5K | OTM side's IV, 131.4% | Model Greek, −0.81 |
| Model Greek, 0.14 | IV solved from mid, 138.2% | 4.1K | 1.1K | Vol 1.1K | OI 4.1K | 131 | Vol 907 | OI 763 | 907 | 763 | OTM side's IV, 138.2% | Model Greek, −0.86 |
| Model Greek, 0.10 | IV solved from mid, 138.1% | 694 | 1.8K | Vol 1.8K | OI 694 | 132 | Vol 260 | OI 1.8K | 260 | 1.8K | OTM side's IV, 138.1% | Model Greek, −0.90 |
| Model Greek, 0.08 | IV solved from mid, 144.5% | 1.3K | 2.2K | Vol 2.2K | OI 1.3K | 133 | Vol 43 | OI 1.2K | 43 | 1.2K | OTM side's IV, 144.5% | Model Greek, −0.92 |
| Model Greek, 0.05 | IV solved from mid, 142.2% | 878 | 394 | Vol 394 | OI 878 | 134 | Vol 53 | OI 643 | 53 | 643 | OTM side's IV, 142.2% | Model Greek, −0.95 |
| Model Greek, 0.04 | IV solved from mid, 148.7% | 21K | 5.3K | Vol 5.3K | OI 21K | 135 | Vol 68 | OI 3.7K | 68 | 3.7K | OTM side's IV, 148.7% | Model Greek, −0.96 |
| Model Greek, 0.03 | IV solved from mid, 157.5% | 27K | 2.2K | Vol 2.2K | OI 27K | 136 | Vol 25 | OI 1.6K | 25 | 1.6K | OTM side's IV, 157.5% | Model Greek, −0.97 |
| Model Greek, 0.03 | IV solved from mid, 175.1% | 1.5K | 310 | Vol 310 | OI 1.5K | 137 | Vol 17 | OI 586 | 17 | 586 | OTM side's IV, 175.1% | Model Greek, −0.97 |
| Model Greek, 0.01 | IV solved from mid, 144.9% | 13K | 9.6K | Vol 9.6K | OI 13K | 138 | Vol 12 | OI 1.4K | 12 | 1.4K | OTM side's IV, 144.9% | Model Greek, −0.99 |
| Model Greek, 0.01 | IV solved from mid, 155.3% | 16K | 11K | Vol 11K | OI 16K | 139 | Vol 8 | OI 730 | 8 | 730 | OTM side's IV, 155.3% | Model Greek, −0.99 |
| Model Greek, 0.02 | IV solved from mid, 193.7% | 12K | 4.4K | Vol 4.4K | OI 12K | 140 | Vol 49 | OI 1.8K | 49 | 1.8K | OTM side's IV, 193.7% | Model Greek, −0.98 |
| Model Greek, 0.01 | IV solved from mid, 183.8% | 18K | 171 | Vol 171 | OI 18K | 141 | Vol 2 | OI 787 | 2 | 787 | OTM side's IV, 183.8% | Model Greek, −0.99 |
| Model Greek, 0.02 | IV solved from mid, 224.0% | 15K | 2.3K | Vol 2.3K | OI 15K | 142 | Vol 5 | OI 1.1K | 5 | 1.1K | OTM side's IV, 224.0% | Model Greek, −0.98 |
| Model Greek, 0.01 | IV solved from mid, 227.2% | 6.9K | 100 | Vol 100 | OI 6.9K | 143 | Vol 2 | OI 1.0K | 2 | 1.0K | OTM side's IV, 227.2% | Model Greek, −0.99 |
| Model Greek, 0.01 | IV solved from mid, 221.6% | 7.7K | 5.4K | Vol 5.4K | OI 7.7K | 144 | Vol 24 | OI 478 | 24 | 478 | OTM side's IV, 221.6% | Model Greek, −0.99 |
| Model Greek, 0.01 | IV solved from mid, 224.1% | 9.2K | 4.3K | Vol 4.3K | OI 9.2K | 145 | Vol 82 | OI 1.3K | 82 | 1.3K | OTM side's IV, 224.1% | Model Greek, −0.99 |
| Model Greek, 0.01 | IV solved from mid, 254.2% | 19K | 11K | Vol 11K | OI 19K | 146 | Vol 1 | OI 622 | 1 | 622 | OTM side's IV, 254.2% | Model Greek, −0.99 |
MicroStrategy Inc. (MSTR) last traded at $126.27, down 2.50% on the session. The MSTR options chain currently lists 18 expirations, from Nov 6, 2026 to Jan 19, 2029. Quotes are delayed up to 15 minutes.
For the nearest expiration, Nov 6, 2026, strikes run from $30.00 to $260.00 across 93 listed strikes, with the $126.00 strike closest to the money.
At-the-money implied volatility for the Nov 6, 2026 expiration is about 142%. That prices in an expected move of roughly $4.41 (3.5%) in either direction, so the one-standard-deviation range by Nov 6, 2026 is $121.86 to $130.68. Options sellers often place short strikes outside this range; buyers need the stock to move beyond it to profit at expiration.
By Fri Nov 6 (nearest expiration)
Each row is a strike. Calls sit to the left of the strike and puts to the right, with the rows in the money shaded and a line marking where MSTR trades now. Bid is what buyers will pay and ask is what sellers want; a tight spread means the contract is liquid. IV is the implied volatility the price implies, and Δ is how much the option moves for a $1 move in the stock. Click a bid to model selling that contract, or an ask to model buying it, in the options calculator, with its payoff diagram, breakevens and Greeks.
Start from a template built on the live MSTR chain. Each opens in Build with strikes chosen from the current chain so you can adjust and compare, and each guide explains how the trade works.
Options involve risk and are not suitable for all investors. Data is for educational use and delayed up to 15 minutes.