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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 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 18

Watch next session: Gamma flip level $100; Call volume persistence

Flow Summary

Net premium: -$232.5M bearish

P/C volume ratio: 0.45

P/C OI ratio: 0.95

Heavy call buying and positive gamma support upside momentum. Net put premium reflects hedging, not bearish conviction. Upside bias favors drift toward resistance.

Notable Prints

MSTR 2026-06-12 $122.00 Put

Vol: 7,774

OI: 283

Vol/OI: 27.5x

IV: 19.3%

Notional: ~$8K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MSTR 2026-06-26 $55.00 Put

Vol: 5,389

OI: 248

Vol/OI: 21.7x

IV: 171.9%

Notional: ~$22K

Intent: tail hedge

Dual read: speculative

Read-through: fear of large drop

MSTR 2026-06-12 $123.00 Put

Vol: 9,405

OI: 631

Vol/OI: 14.9x

IV: 12.9%

Notional: ~$19K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MSTR 2026-06-26 $160.00 Call

Vol: 15,171

OI: 1,074

Vol/OI: 14.1x

IV: 81.3%

Notional: ~$880K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MSTR 2026-06-26 $150.00 Call

Vol: 19,645

OI: 1,527

Vol/OI: 12.9x

IV: 75.8%

Notional: ~$2.1M

Intent: bullish

Read-through: bullish

Institutional Positioning

Call additions: 6/18 134-139 calls volume ~70k, 6/26 150-160 calls ~35k

Put additions: 6/12 122-124 puts ~22k, 6/26 55 puts ~5k

GEX/DEX consistency: GEX +$104M, DEX +52M shares, consistent but net premium negative

OI clusters: Put OI conc at ~100 (22.7k), call OI building at 135-139

Hedging evidence: Heavy near-the-money put buying this week suggests hedging

Max pain context: Spot above MP; gamma pinning near current levels

Signal vs Noise

~Large call volume at 135-139 is real bullish flow

~Put buying at 122-124 shows downside hedging

~Net premium negative but call OI growing suggests mixed signals

Key Conclusions

📈Call accumulation at 135-139 signals bullish positioning for next week

⚠️Heavy put buying at 122-124 for this week warns of hedging or bearish bet

🔒Positive GEX and DEX support upward pinning near spot

How to Use These Reports

This flow reflects the market close on June 12, 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.