Strategy (MSTR) Options Chain

NASDAQ: MSTRTechnologyComputer Software: Prepackaged SoftwareUSD

154.34+2.87 (+1.89%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 19, 2029
Days to expiration: 832
Share price: $154.34
Put/call ratio (OI): 1.05
Put/call ratio (volume): 0.77
ATM implied volatility: 68.6%
Expected move: ±$159.90
Open interest (C / P): 4.63K / 4.85K

MSTR options summary

The MSTR options chain for the January 19, 2029 expiration lists 42 call and 46 put contracts, with 832 days until expiration. Open interest stands at 4,630 calls and 4,846 puts, a put/call ratio of 1.05, which is fairly balanced between calls and puts. At-the-money implied volatility near the $155.00 strike is 68.6%, which implies the market expects a move of about ±$159.90 (103.6%) in Strategy stock by expiration.

The most open interest sits at the $270.00 call (1.05K contracts) and the $160.00 put (500 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

MSTR options chain · January 19, 2029

MSTR calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
10	1	168.1%	150.18	146.00	156.00	5.00	0.15	0.40	0.25	111.7%	1	2
1	1	140.6%	142.70	142.00	152.00	10.00	0.35	0.80	0.68	97.4%	20	54
—	—	—	—	—	—	15.00	0.82	1.30	1.14	91.7%	1	35
—	—	—	—	—	—	20.00	1.55	6.00	1.92	109.2%	2	35
0	1	109.6%	141.00	130.00	140.00	25.00	2.02	3.10	2.51	86.2%	1	36
1	—	106.3%	132.58	127.00	136.00	30.00	2.45	10.00	3.28	101.0%	1	168
—	—	—	—	—	—	35.00	3.40	8.10	4.92	88.7%	2	4
—	—	—	—	—	—	40.00	2.91	7.80	4.95	78.9%	10	321
—	—	—	122.88	—	—	45.00	3.85	7.70	6.14	74.1%	1	3
12	3	95.9%	121.00	113.00	123.00	50.00	6.85	7.25	6.93	73.1%	2	190
—	—	—	—	—	—	55.00	7.95	8.55	8.64	71.5%	1	86
34	1	91.6%	112.00	107.00	116.00	60.00	9.25	9.90	10.03	70.2%	2	265
17	2	90.1%	118.40	104.00	113.00	65.00	10.50	11.30	11.10	68.8%	20	55
1	1	91.4%	110.50	103.35	110.00	70.00	11.85	12.90	12.75	67.6%	2	21
10	11	88.9%	110.00	99.70	107.00	75.00	13.85	14.65	14.42	67.2%	10	22
7	2	86.4%	99.50	95.00	105.00	80.00	15.50	16.35	16.72	66.2%	2	40
2	1	87.0%	109.96	95.30	101.00	85.00	17.50	18.40	18.07	65.8%	10	9
11	1	86.6%	97.17	92.70	99.00	90.00	19.20	20.30	20.64	64.8%	4	28
10	9	85.4%	96.98	90.40	96.00	95.00	21.40	22.40	22.79	64.3%	5	31
273	2	84.4%	91.40	87.45	94.00	100.00	23.65	24.60	25.20	63.8%	4	342
11	2	84.1%	83.75	85.70	91.60	105.00	25.95	26.90	27.97	63.3%	11	4
21	3	81.6%	80.70	83.60	87.00	110.00	28.15	29.30	29.17	62.7%	12	13
60	1	82.6%	84.82	81.20	87.00	115.00	30.45	31.80	31.20	62.1%	1	48
69	1	82.3%	78.45	79.45	85.00	120.00	33.05	34.30	35.40	61.7%	13	266
42	1	81.8%	76.05	77.65	82.85	125.00	35.35	36.90	36.25	61.0%	1	33
56	5	81.0%	78.00	75.85	80.25	130.00	37.75	39.60	39.70	60.4%	1	38
65	10	80.2%	75.08	73.95	77.80	135.00	40.85	42.45	43.50	60.3%	19	19
76	2	80.4%	68.05	72.25	76.80	140.00	43.60	45.25	46.85	59.9%	17	185
23	5	79.2%	68.60	70.40	73.90	145.00	46.65	48.20	47.40	59.6%	2	106
158	22	78.4%	69.90	68.70	71.45	150.00	49.95	51.10	50.70	59.4%	19	293
MSTR $154.34
100	15	78.5%	68.31	67.25	70.30	155.00	52.40	54.25	53.60	58.8%	1	356
71	3	78.2%	68.40	65.65	68.70	160.00	55.55	57.35	56.40	58.4%	2	500
78	2	77.5%	63.50	64.30	66.40	165.00	58.65	60.60	61.71	58.1%	1	47
775	5	77.2%	64.55	63.00	64.60	170.00	61.70	63.90	63.95	57.7%	2	70
74	28	78.2%	60.31	61.35	65.35	175.00	64.45	67.10	67.18	57.1%	1	46
182	11	77.6%	56.94	60.00	63.30	180.00	67.85	71.85	70.04	57.6%	10	272
110	101	77.7%	67.28	58.70	62.45	185.00	70.85	74.70	77.85	56.8%	14	54
57	1	77.0%	59.73	57.40	60.40	190.00	74.80	77.50	77.52	56.4%	5	9
55	1	77.1%	55.17	56.35	59.40	195.00	—	—	—	—	—	—
390	54	75.6%	56.02	55.00	56.00	200.00	82.25	86.75	82.90	57.2%	2	15
35	1	76.5%	54.60	52.35	56.15	210.00	88.50	92.70	90.74	55.4%	1	310
38	1	76.0%	54.00	51.00	52.65	220.00	95.80	100.30	102.81	54.9%	10	11
176	1	77.3%	47.90	48.95	53.35	230.00	103.45	107.40	108.55	54.2%	2	3
181	18	76.6%	44.60	46.90	50.65	240.00	110.95	116.60	116.70	54.3%	16	16
90	6	76.1%	47.75	45.10	48.30	250.00	118.85	122.95	124.85	53.0%	3	37
196	1	75.9%	41.95	43.45	46.45	260.00	126.20	132.95	125.65	53.2%	1	3
1,052	21	75.4%	43.10	42.10	43.85	270.00	134.45	139.05	138.29	51.6%	7	345

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the MSTR put/call ratio?

For the January 19, 2029 expiration, the MSTR put/call ratio based on open interest is 1.05 (4,846 puts vs 4,630 calls), and 0.77 based on today's volume. A ratio above 1 means more puts than calls.

What is MSTR's implied volatility?

At-the-money implied volatility for MSTR options expiring January 19, 2029 is about 68.6%, an annualized estimate of how much the market expects Strategy stock to move.

How many MSTR option expiration dates are there?

MSTR has 17 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.