Home Options MSTRReports

MSTR

Strategy IncClose $122.81EOD only

Max Pain

$127.00

Next expiry Jun 18, 2026

Expected Move

±$6.07

5.0% from close

Price Gap

+4.19

Distance to max pain

IV Rank

100

High premium

P/C OI

0.93

Balanced positioning

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 16, 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 16, 2026 close

MSTR Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.2% from MP; +0.5 VIX 18

Watch next session: 6/18 puts; 6/26 calls

Flow Summary

Net premium: -$609.2M bearish

P/C volume ratio: 1.17

P/C OI ratio: 0.94

Bearish dominant. Negative net premium, high put volume, and deep OTM put activity signal fear. Dealers long delta (+52M) and short gamma, amplifying downside. Call buying on 6/26 offers contrarian risk, but flow is bearish.

Notable Prints

MSTR 2026-06-26 $123.00 Call

Vol: 5,587

OI: 153

Vol/OI: 36.5x

IV: 73.2%

Notional: ~$1.7M

Intent: Bullish

Read-through: Upside

MSTR 2026-06-26 $133.00 Call

Vol: 6,157

OI: 372

Vol/OI: 16.6x

IV: 75.3%

Notional: ~$733K

Intent: Bullish

Read-through: Upside

MSTR 2026-06-26 $131.00 Call

Vol: 3,284

OI: 229

Vol/OI: 14.3x

IV: 74.8%

Notional: ~$470K

Intent: Bullish

Read-through: Upside

MSTR 2026-09-18 $50.00 Put

Vol: 15,232

OI: 1,737

Vol/OI: 8.8x

IV: 106.0%

Notional: ~$1.2M

Intent: Hedge

Dual read: Lottery

Read-through: Tail risk

MSTR 2026-06-26 $129.00 Call

Vol: 1,982

OI: 247

Vol/OI: 8.0x

IV: 73.6%

Notional: ~$341K

Intent: Bullish

Read-through: Upside

Institutional Positioning

Call additions: Call buying on 6/26 $123-$136 (vol/oi up to 36x) signals near-term bullish speculation.

Put additions: Large put volume on 6/18 deep ITM $190-$220 (IV 290-418%) and Sep $50 (IV 106%) for downside hedge.

GEX/DEX consistency: GEX -$23.4M vs DEX +52.6M shares – mixed dealer, consistent with spot below MP.

OI clusters: Largest OI: $220 put (1,513), Sep $50 put (1,737), $133 call (372) – key pin levels.

Hedging evidence: Deep ITM 6/18 puts with extreme IV indicate institutional tail-hedging.

Max pain context: Spot below MP; gamma flip near $100 adds pin pressure.

Signal vs Noise

~High vol/oi call adds on 6/26 $123-$136 signal bullish flow.

~Deep ITM put buying on 6/18 with extreme IV is genuine hedging.

~Negative net premium and put/call vol >1 confirm defensive positioning.

~Sep $50 put volume may be roll or retail, not directional.

~Scattered call prints on $129/$131 with moderate OI are secondary noise.

Key Conclusions

🔴Institutions loading deep ITM 6/18 puts hedging against crash.

🟢Call accumulation on 6/26 strikes bets on near-term bounce.

🟡Spot below MP with negative GEX creates pin/squeeze risk.

How to Use These Reports

This flow reflects the market close on June 17, 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.