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MSTR

Strategy IncClose $126.54EOD only

Max Pain

$147.00

Next expiry Jun 5, 2026

Expected Move

±$7.80

6.2% from close

Price Gap

+20.46

Distance to max pain

IV Rank

High premium

P/C OI

0.98

Balanced positioning

Consensus

6.0/10

Range bias

Published snapshot: Jun 3, 2026 close

End-of-day snapshot

This page reflects MSTR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 3, 2026 close

MSTR Flow Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 7.6% from MP; +1 VIX 15

Watch next session: MSTR 2026-06-12 $141.00 Call; MSTR 2026-06-12 $133.00 Call; MSTR 2026-06-05 $119.00 Put

Flow Summary

Net premium: -$504.4M bearish

P/C volume ratio: 0.97

P/C OI ratio: 1.02

Heavy call buying on MSTR, especially $141 and $133 strikes for next week, suggests bullish speculation. Net premium negative likely due to large put hedging. Spot below max pain but call flow may drive a rally towards MP (~$166). High VIX and negative gamma add leverage. Sustained call interest is key.

Notable Prints

MSTR 2026-06-12 $141.00 Call

Vol: 13,255

OI: 380

Vol/OI: 34.9x

IV: 79.5%

Notional: ~$3.3M

Intent: Bullish speculation

Read-through:

MSTR 2026-06-12 $133.00 Call

Vol: 7,527

OI: 248

Vol/OI: 30.4x

IV: 81.1%

Notional: ~$3.8M

Intent: Bullish speculation

Read-through:

MSTR 2026-06-05 $119.00 Put

Vol: 6,471

OI: 248

Vol/OI: 26.1x

IV: 80.5%

Notional: ~$149K

Intent: Bearish hedge

Read-through:

MSTR 2026-06-05 $129.00 Call

Vol: 5,139

OI: 205

Vol/OI: 25.1x

IV: 69.2%

Notional: ~$1.4M

Intent: Bullish speculation

Read-through:

MSTR 2026-06-12 $143.00 Call

Vol: 3,453

OI: 211

Vol/OI: 16.4x

IV: 80.0%

Notional: ~$742K

Intent: Bullish speculation

Read-through:

Institutional Positioning

Call additions: Heavy front-week call buying strikes 128-143, vols 13-35x OI

Put additions: Modest put additions 112-119, vols 13-26x OI, likely hedging

GEX/DEX consistency: Inconsistent: GEX -$42M (short gamma), DEX +50.8M shares (long delta)

OI clusters: Largest OI at 120 put (25,899); call OI spread 128-143

Hedging evidence: Put buying 112-119 with high vol/oi suggests downside hedging

Max pain context: Spot ~$123.5 below MP; expected drift up toward MP

Signal vs Noise

~Front-week call sweep vol/oi 14-35x is bullish signal

~Weekly put buying at 112-119 with 13-26x vol/oi is hedging signal

~Mixed flow with call and put activity is noise; overall call premium dominates

Key Conclusions

📈Institutional bullish via weekly calls but high VIX and negative GEX demand caution; watch for pin action at MP.

How to Use These Reports

This flow reflects the market close on June 4, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.