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MSTR

Strategy IncClose $151.47EOD only
Max Pain
$155.00
Next expiry Oct 9, 2026
Expected Move
±$4.62
3.0% from close
Price Gap
+3.53
Distance to max pain
IV Rank
3
Low premium
P/C OI
0.83
Slightly call-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Oct 8, 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
Oct 8, 2026 close
MSTR Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Iron Condor
Invalidation: Break below support $142 or VIX spike above 20
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.1% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV at 84% is significantly higher than VIX at 17%
Favorable?
Yes

Term structure: Contango; put skew elevated near-term

📈IV offers rich premium for selling
📍Positive gamma pinning near $165 max pain

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+42.8M)

OI concentrations: Max pain $165; call wall $170-$200; put floor $100

Verdict: Pinning likely at $165; strong call resistance above; put support at $100

Premium Opportunities

Risk Alerts

!Spot below max pain, watch for drift to $165.
!No gamma flip risk near support.
How to Use These Reports
This theta reflects the market close on May 26, 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.