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MSTR

Strategy IncClose $123.97EOD only

Max Pain

$129.00

Next expiry Jun 18, 2026

Expected Move

±$9.62

7.8% from close

Price Gap

+5.03

Distance to max pain

IV Rank

100

High premium

P/C OI

0.95

Balanced positioning

Consensus

6.5/10

Neutral tilt

Published snapshot: Jun 12, 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 12, 2026 close

MSTR Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

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Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 19

Watch next session: Monitor MSTR for consolidation above $120

Flow Summary

Net premium: -$387.9M bearish

P/C volume ratio: 0.71

P/C OI ratio: 0.98

Mixed flow but heavy call buying and positive gamma provide support. Market rally boosts sentiment. Put selling adds downside resilience.

Notable Prints

MSTR 2026-06-18 $123.00 Call

Vol: 7,846

OI: 335

Vol/OI: 23.4x

IV: 77.1%

Notional: ~$3.4M

Intent: Aggressive bullish speculation

Read-through: High vol/OI ratio suggests new bullish bets despite OTM.

MSTR 2026-06-12 $127.00 Call

Vol: 12,084

OI: 768

Vol/OI: 15.7x

IV: 81.2%

Notional: ~$846K

Intent: Speculative lottery ticket

Dual read: Possible short delta hedge

Read-through: Massive volume just before expiration, likely buys.

MSTR 2026-06-12 $116.00 Call

Vol: 3,280

OI: 362

Vol/OI: 9.1x

IV: 70.7%

Notional: ~$1.7M

Intent: Bullish near-term bet

Dual read: Hedging short puts

Read-through: High vol, OTM call, speculative.

MSTR 2026-06-18 $128.00 Call

Vol: 5,718

OI: 794

Vol/OI: 7.2x

IV: 77.5%

Notional: ~$1.4M

Intent: Bullish speculation

Read-through: Elevated volume, likely opening longs.

MSTR 2026-06-12 $115.00 Call

Vol: 2,478

OI: 411

Vol/OI: 6.0x

IV: 74.0%

Notional: ~$1.6M

Intent: Bullish bet on close

Read-through: High vol/OI, speculative.

Institutional Positioning

Call additions: Aggressive call buying at $115-$127 strikes, high vol/oi ratios, 6/12 and 6/18 expiries.

Put additions: Large put buying at $220-$245 strikes, high IV and oi, likely downside hedges.

GEX/DEX consistency: Positive GEX ($4.5M) and DEX (51.7M shares) align; dealers long gamma/delta.

OI clusters: Call OI concentrated at $115-$128; put OI at $220-$245. Gamma flip near $100.

Hedging evidence: Far OTM puts at $220-$245 with high vol/oi ratios indicate tail hedging.

Max pain context: Spot below max pain; positive gamma supports pinning near lower strikes.

Signal vs Noise

~High vol/oi call prints at $127 and $123 are real demand signals.

~Puts at $220-$245 likely hedging noise but volume suggests active positioning.

~Net premium negative indicates overall put premium dominance despite call volume.

Key Conclusions

📈Call buying at $115-$127 shows bullish sentiment near support.

🛡️Large put buying at $220-$245 suggests hedge or bearish tail risk.

📊Positive GEX/DEX and pinning gamma consistent with near-term stability.

How to Use These Reports

This flow reflects the market close on June 11, 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.