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MSTR

Strategy IncClose $131.14EOD only

Max Pain

$127.00

Next expiry Jun 18, 2026

Expected Move

±$7.97

6.1% from close

Price Gap

-4.14

Distance to max pain

IV Rank

100

High premium

P/C OI

0.94

Balanced positioning

Consensus

5.5/10

Consensus signal

Published snapshot: Jun 15, 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 15, 2026 close

MSTR Flow Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.3% from MP; +1 VIX 16

Watch next session: 100; 124; VIX

Flow Summary

Net premium: -$218.6M bearish

P/C volume ratio: 0.67

P/C OI ratio: 0.93

Mixed flow: net premium -$218M, put/call vol 0.67 calls favored, but high put OI ratio (0.93) and unusual put prints (112p, 90p, 130p) suggest hedging. Gamma positive (+$47.7M) with pinning at $100. Spot below MP but near gamma support. Dominant bias bullish on gamma support and call activity.

Notable Prints

MSTR 2026-06-26 $112.00 Put

Vol: 3,376

OI: 345

Vol/OI: 9.8x

IV: 66.7%

Notional: ~$581K

Intent: Bearish speculation

Dual read: Could be put spread leg

Read-through: Bearish near-term

MSTR 2026-11-20 $90.00 Put

Vol: 3,992

OI: 450

Vol/OI: 8.9x

IV: 80.4%

Notional: ~$3.8M

Intent: Long-term bearish hedge

Dual read: Speculative crash bet

Read-through: Bearish outlook

MSTR 2026-06-18 $126.00 Call

Vol: 2,328

OI: 602

Vol/OI: 3.9x

IV: 68.8%

Notional: ~$410K

Intent: Speculative short-term call

Dual read: Closing trade possible

Read-through: Bullish immediate

MSTR 2026-06-18 $133.00 Call

Vol: 3,923

OI: 1,032

Vol/OI: 3.8x

IV: 73.6%

Notional: ~$216K

Intent: Lottery call buying

Dual read: Part of ratio spread

Read-through: Very bullish short-term

MSTR 2026-06-26 $124.00 Call

Vol: 740

OI: 194

Vol/OI: 3.8x

IV: 67.0%

Notional: ~$385K

Intent: Bullish bet

Dual read: Covered call candidate

Read-through: Mild bullish

Institutional Positioning

Call additions: OTM calls at $126, $133, $138, $140, $235

Put additions: OTM puts at $90, $112, $130

GEX/DEX consistency: GEX +$47.7M, DEX +50.9M shares; bullish tilt despite put hedging

OI clusters: Put OI 22,428 at 18.6% below spot; call OI heavy at $140-$150

Hedging evidence: Put buying at $90 and $112 signals downside protection

Max pain context: MP above spot; spot ~3.3% below MP, potential pin near $130-$140

Signal vs Noise

~High vol/oi on $112 put and $133 call are real new positions

~Net premium -$218M reflects premium selling, conflicting with directional bets

~GEX positive confirms bullish flow from call additions

Key Conclusions

🔥Institutions adding OTM calls ($133, $138) signaling bullish speculation

🛡️Heavy put protection at $90 and $112 indicates downside hedging amid high IV

How to Use These Reports

This flow reflects the market close on June 16, 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.