null Option on MicroStrategy Incorporated

MSTR Stock

USD 133.88 10.88 8.85%

MicroStrategy Incorporated's latest option contracts expiring on May 15th 2026 are carrying combined implied volatility of 1.05 with a put-to-call open interest ratio of 0.76 over 195 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on May 15th 2026. The total put volume is at 2.1 K, with calls trading at the volume of 3.3 K. This yields a 0.64 put-to-call volume ratio.

Open Interest Against May 15th 2026 Option Contracts

The chart above shows MicroStrategy Incorporated's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. MicroStrategy Incorporated's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for MicroStrategy Incorporated's option, there is no secondary market available for investors to trade.

MicroStrategy Incorporated Maximum Pain Price Across 2026-05-15 Option Contracts

Max pain occurs when MicroStrategy Incorporated's market makers reach a net positive position across all MicroStrategy Incorporated's options at a strike price where option holders stand to lose the most money. By contrast, MicroStrategy Incorporated's option sellers may reap the most after selling more options than buying, causing them to expire worthless.

In The Money vs. Out of Money Option Contracts on MicroStrategy Incorporated

Analyzing MicroStrategy Incorporated's in-the-money options over time can help investors to take a profitable long position in MicroStrategy Incorporated regardless of its overall volatility. This is especially true when MicroStrategy Incorporated's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money MicroStrategy Incorporated's options could be used as guardians of the underlying stock as they move almost dollar for dollar with MicroStrategy Incorporated's stock while costing only a fraction of its price.

MicroStrategy Incorporated In The Money Call Balance

When MicroStrategy Incorporated's strike price is surpassing the current stock price, the option contract against MicroStrategy Incorporated stock is said to be in the money. When it comes to buying MicroStrategy Incorporated's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.

While 'out-of-the-money' option contracts written on MicroStrategy Incorporated are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

MicroStrategy Current Options Market Mood

MicroStrategy Incorporated's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps MicroStrategy Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Unfortunately, most MicroStrategy Incorporated's options investors are not very successful. MicroStrategy Incorporated's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current MicroStrategy contract

Base on the Rule 16, the options market is currently suggesting that MicroStrategy Incorporated will have an average daily up or down price movement of about 0.0656% per day over the life of the 2026-05-15 option contract. With MicroStrategy Incorporated trading at USD 133.88, that is roughly USD 0.0879. If you think that the market is fully incorporating MicroStrategy Incorporated's daily price movement you should consider buying MicroStrategy Incorporated options at the current volatility level of 1.05%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Build AI portfolio with MicroStrategy Stock

Purchasing MicroStrategy Incorporated options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" MicroStrategy calls. Remember, the seller must deliver MicroStrategy Incorporated stock to the call owner when a call is exercised.

MicroStrategy Incorporated Option Chain

When MicroStrategy Incorporated's strike price is surpassing the current stock price, the option contract against MicroStrategy Incorporated stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.

2026-05-15

MicroStrategy Incorporated's option chain is a display of a range of information that helps investors for ways to trade options on MicroStrategy. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for MicroStrategy. It also shows strike prices and maturity days for a MicroStrategy Incorporated against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.

		Open Int	Strike Price	Current Spread	Last Price
Call	MSTR260515C00650000	1450	650.0	0.05 - 0.11	0.11	Out
Call	MSTR260515C00645000	594	645.0	0.02 - 0.69	0.3	Out
Call	MSTR260515C00640000	38	640.0	0.0 - 0.69	0.13	Out
Call	MSTR260515C00635000	112	635.0	0.0 - 0.77	0.2	Out
Call	MSTR260515C00630000	39	630.0	0.0 - 0.69	0.2	Out
Call	MSTR260515C00625000	70	625.0	0.0 - 0.9	0.15	Out
Call	MSTR260515C00620000	41	620.0	0.0 - 0.7	1.54	Out
Call	MSTR260515C00615000	16	615.0	0.0 - 0.7	0.32	Out
Call	MSTR260515C00610000	20	610.0	0.0 - 0.71	0.25	Out
Call	MSTR260515C00605000	44	605.0	0.0 - 0.71	0.34	Out
Call	MSTR260515C00600000	417	600.0	0.0 - 0.3	0.15	Out
Call	MSTR260515C00595000	17	595.0	0.0 - 0.72	0.31	Out
Call	MSTR260515C00590000	42	590.0	0.0 - 0.61	0.16	Out
Call	MSTR260515C00585000	36	585.0	0.0 - 0.59	0.85	Out
Call	MSTR260515C00580000	33	580.0	0.0 - 0.54	0.77	Out
Call	MSTR260515C00575000	41	575.0	0.0 - 0.73	0.83	Out
Call	MSTR260515C00570000	13	570.0	0.02 - 0.41	0.16	Out
Call	MSTR260515C00565000	49	565.0	0.0 - 0.74	0.01	Out
Call	MSTR260515C00560000	148	560.0	0.0 - 0.53	0.3	Out
Call	MSTR260515C00555000	34	555.0	0.0 - 0.67	0.14	Out
Call	MSTR260515C00550000	83	550.0	0.0 - 0.59	0.16	Out
Call	MSTR260515C00545000	188	545.0	0.0 - 0.49	0.18	Out
Call	MSTR260515C00540000	69	540.0	0.0 - 0.7	0.2	Out
Call	MSTR260515C00535000	10	535.0	0.0 - 0.62	1.92	Out
Call	MSTR260515C00530000	44	530.0	0.16 - 0.25	0.14	Out
Call	MSTR260515C00525000	43	525.0	0.01 - 0.72	0.27	Out
Call	MSTR260515C00520000	66	520.0	0.0 - 0.51	0.37	Out
Call	MSTR260515C00515000	30	515.0	0.0 - 0.76	0.26	Out
Call	MSTR260515C00510000	24	510.0	0.0 - 0.73	1.21	Out
Call	MSTR260515C00505000	26	505.0	0.0 - 0.73	0.2	Out
Call	MSTR260515C00500000	811	500.0	0.0 - 0.4	0.25	Out
Call	MSTR260515C00495000	118	495.0	0.01 - 0.52	0.32	Out
Call	MSTR260515C00490000	56	490.0	0.15 - 0.49	0.3	Out
Call	MSTR260515C00485000	62	485.0	0.07 - 0.56	0.25	Out
Call	MSTR260515C00480000	20	480.0	0.0 - 0.64	2.25	Out
Call	MSTR260515C00475000	56	475.0	0.06 - 0.7	0.34	Out
Call	MSTR260515C00470000	135	470.0	0.19 - 0.56	0.29	Out
Call	MSTR260515C00465000	59	465.0	0.01 - 0.65	0.43	Out
Call	MSTR260515C00460000	30	460.0	0.07 - 0.7	0.59	Out
Call	MSTR260515C00455000	41	455.0	0.12 - 0.68	0.29	Out
Call	MSTR260515C00450000	179	450.0	0.15 - 0.41	0.31	Out
Call	MSTR260515C00445000	160	445.0	0.04 - 0.65	0.35	Out
Call	MSTR260515C00440000	75	440.0	0.16 - 0.71	0.69	Out
Call	MSTR260515C00435000	25	435.0	0.12 - 0.66	0.35	Out
Call	MSTR260515C00430000	123	430.0	0.19 - 0.69	0.31	Out
Call	MSTR260515C00425000	54	425.0	0.16 - 0.5	0.32	Out
Call	MSTR260515C00420000	52	420.0	0.16 - 0.72	0.5	Out
Call	MSTR260515C00415000	60	415.0	0.14 - 0.7	0.32	Out
Call	MSTR260515C00410000	243	410.0	0.19 - 0.73	0.39	Out
Call	MSTR260515C00405000	36	405.0	0.19 - 0.74	0.75	Out
Call	MSTR260515C00400000	622	400.0	0.35 - 0.78	0.5	Out
Call	MSTR260515C00395000	40	395.0	0.3 - 0.57	0.75	Out
Call	MSTR260515C00390000	415	390.0	0.25 - 0.75	0.5	Out
Call	MSTR260515C00385000	87	385.0	0.3 - 0.84	0.7	Out
Call	MSTR260515C00380000	209	380.0	0.29 - 0.85	0.5	Out
Call	MSTR260515C00375000	359	375.0	0.34 - 0.86	0.56	Out
Call	MSTR260515C00370000	163	370.0	0.38 - 0.93	0.48	Out
Call	MSTR260515C00365000	162	365.0	0.42 - 0.98	0.51	Out
Call	MSTR260515C00360000	86	360.0	0.38 - 0.95	0.55	Out
Call	MSTR260515C00355000	74	355.0	0.58 - 0.94	0.58	Out
Call	MSTR260515C00350000	561	350.0	0.47 - 0.91	0.7	Out
Call	MSTR260515C00345000	221	345.0	0.54 - 1.04	0.6	Out
Call	MSTR260515C00340000	305	340.0	0.5 - 0.85	0.61	Out
Call	MSTR260515C00335000	504	335.0	0.51 - 0.95	0.81	Out
Call	MSTR260515C00330000	445	330.0	0.67 - 1.14	0.8	Out
Call	MSTR260515C00325000	264	325.0	0.65 - 1.13	0.99	Out
Call	MSTR260515C00320000	622	320.0	0.72 - 1.24	0.86	Out
Call	MSTR260515C00315000	76	315.0	0.7 - 1.19	0.88	Out
Call	MSTR260515C00310000	257	310.0	0.78 - 1.19	0.75	Out
Call	MSTR260515C00305000	1384	305.0	0.82 - 1.16	1.1	Out
Call	MSTR260515C00300000	2473	300.0	1.07 - 1.21	1.13	Out
Call	MSTR260515C00295000	143	295.0	0.98 - 1.52	1.2	Out
Call	MSTR260515C00290000	1120	290.0	1.18 - 1.56	1.1	Out
Call	MSTR260515C00285000	196	285.0	1.15 - 1.48	1.35	Out
Call	MSTR260515C00280000	188	280.0	1.17 - 1.69	1.5	Out
Call	MSTR260515C00275000	256	275.0	1.3 - 1.86	1.58	Out
Call	MSTR260515C00270000	216	270.0	1.57 - 1.89	1.51	Out
Call	MSTR260515C00265000	118	265.0	1.36 - 2.0	1.5	Out
Call	MSTR260515C00260000	201	260.0	1.67 - 2.15	1.85	Out
Call	MSTR260515C00255000	1174	255.0	1.65 - 2.49	1.92	Out
Call	MSTR260515C00250000	1343	250.0	1.98 - 2.46	2.3	Out
Call	MSTR260515C00245000	402	245.0	2.15 - 2.58	2.29	Out
Call	MSTR260515C00240000	244	240.0	2.37 - 2.9	2.63	Out
Call	MSTR260515C00235000	455	235.0	2.48 - 3.05	2.9	Out
Call	MSTR260515C00230000	448	230.0	2.69 - 3.25	3.15	Out
Call	MSTR260515C00225000	671	225.0	2.72 - 3.6	3.31	Out
Call	MSTR260515C00220000	475	220.0	3.05 - 3.9	3.6	Out
Call	MSTR260515C00215000	222	215.0	3.85 - 4.25	3.95	Out
Call	MSTR260515C00210000	374	210.0	3.95 - 4.7	4.5	Out
Call	MSTR260515C00205000	212	205.0	4.6 - 5.2	4.5	Out
Call	MSTR260515C00200000	5911	200.0	5.0 - 5.65	5.5	Out
Call	MSTR260515C00195000	686	195.0	5.9 - 6.35	6.25	Out
Call	MSTR260515C00190000	377	190.0	6.55 - 6.95	6.45	Out
Call	MSTR260515C00185000	699	185.0	6.9 - 7.7	7.5	Out
Call	MSTR260515C00180000	3474	180.0	8.2 - 8.6	8.5	Out
Call	MSTR260515C00175000	758	175.0	8.9 - 9.55	9.39	Out
Call	MSTR260515C00170000	1093	170.0	10.3 - 10.65	10.45	Out
Call	MSTR260515C00165000	1068	165.0	11.2 - 12.0	11.74	Out
Call	MSTR260515C00160000	3649	160.0	12.9 - 13.4	13.3	Out
Call	MSTR260515C00155000	103	155.0	14.4 - 14.9	14.35	Out
Call	MSTR260515C00150000	657	150.0	15.85 - 16.6	16.25	Out
Call	MSTR260515C00145000	504	145.0	17.85 - 18.6	17.85	Out
Call	MSTR260515C00140000	310	140.0	19.85 - 20.55	20.1	Out
Call	MSTR260515C00135000	229	135.0	22.05 - 22.45	22.45	Out
Call	MSTR260515C00130000	585	130.0	24.25 - 25.2	24.25	In
Call	MSTR260515C00125000	191	125.0	26.7 - 27.9	27.33	In
Call	MSTR260515C00120000	241	120.0	29.4 - 30.55	30.22	In
Call	MSTR260515C00115000	36	115.0	32.25 - 33.75	32.15	In
Call	MSTR260515C00110000	681	110.0	35.75 - 37.05	36.4	In
Call	MSTR260515C00105000	176	105.0	38.9 - 40.4	40.5	In
Call	MSTR260515C00100000	594	100.0	42.45 - 44.15	41.8	In
Call	MSTR260515C00095000	104	95.0	46.2 - 47.95	51.05	In
Call	MSTR260515C00090000	101	90.0	50.4 - 51.9	50.3	In
Call	MSTR260515C00085000	22	85.0	54.5 - 55.8	58.65	In
Call	MSTR260515C00080000	8	80.0	57.95 - 60.45	63.5	In
Call	MSTR260515C00075000	15	75.0	62.25 - 64.7	59.3	In
Call	MSTR260515C00070000	16	70.0	66.2 - 69.2	62.47	In
Call	MSTR260515C00060000	6	60.0	75.3 - 80.0	72.5	In
Call	MSTR260515C00055000	1	55.0	76.45 - 85.0	82.01	In
Call	MSTR260515C00050000	115	50.0	81.9 - 89.0	81.0	In
Call	MSTR260515C00025000	1	25.0	104.2 - 117.2	139.82	In
Call	MSTR260515C00020000	8	20.0	106.85 - 122.0	144.95	In
Call	MSTR260515C00010000	6	10.0	119.1 - 129.35	117.0	In
Call	MSTR260515C00005000	5	5.0	121.65 - 136.65	130.96	In
Put	MSTR260515P00650000	0	650.0	508.15 - 521.1	508.15	In
Put	MSTR260515P00645000	0	645.0	503.35 - 518.65	503.35	In
Put	MSTR260515P00640000	0	640.0	498.15 - 514.15	498.15	In
Put	MSTR260515P00635000	0	635.0	493.15 - 508.55	493.15	In
Put	MSTR260515P00630000	0	630.0	488.15 - 504.15	488.15	In
Put	MSTR260515P00625000	0	625.0	483.15 - 499.15	483.15	In
Put	MSTR260515P00620000	0	620.0	478.35 - 494.15	420.58	In
Put	MSTR260515P00615000	0	615.0	473.15 - 489.15	473.15	In
Put	MSTR260515P00610000	0	610.0	468.25 - 484.15	468.25	In
Put	MSTR260515P00605000	0	605.0	463.15 - 479.15	463.15	In
Put	MSTR260515P00305000	2	305.0	165.95 - 176.4	147.9	In
Put	MSTR260515P00300000	76	300.0	163.95 - 169.05	169.57	In
Put	MSTR260515P00295000	31	295.0	157.85 - 164.8	162.2	In
Put	MSTR260515P00290000	61	290.0	154.05 - 159.65	160.3	In
Put	MSTR260515P00285000	21	285.0	148.0 - 155.15	156.9	In
Put	MSTR260515P00280000	81	280.0	144.35 - 149.75	153.7	In
Put	MSTR260515P00275000	227	275.0	139.3 - 144.4	146.08	In
Put	MSTR260515P00270000	391	270.0	134.55 - 139.75	141.7	In
Put	MSTR260515P00265000	59	265.0	129.6 - 134.8	143.17	In
Put	MSTR260515P00260000	131	260.0	124.75 - 129.85	138.39	In
Put	MSTR260515P00255000	46	255.0	119.4 - 124.15	129.4	In
Put	MSTR260515P00250000	663	250.0	115.5 - 118.6	125.0	In
Put	MSTR260515P00245000	35	245.0	109.9 - 114.75	118.4	In
Put	MSTR260515P00240000	100	240.0	106.2 - 108.1	106.05	In
Put	MSTR260515P00235000	121	235.0	101.3 - 103.3	101.25	In
Put	MSTR260515P00230000	198	230.0	96.55 - 98.55	97.5	In
Put	MSTR260515P00225000	121	225.0	91.85 - 93.8	96.05	In
Put	MSTR260515P00220000	256	220.0	87.35 - 89.15	88.02	In
Put	MSTR260515P00215000	126	215.0	82.85 - 84.35	103.1	In
Put	MSTR260515P00210000	456	210.0	77.8 - 79.85	78.84	In
Put	MSTR260515P00205000	1141	205.0	73.4 - 75.3	75.72	In
Put	MSTR260515P00200000	1535	200.0	68.65 - 70.95	69.36	In
Put	MSTR260515P00195000	145	195.0	64.25 - 66.6	67.15	In
Put	MSTR260515P00190000	378	190.0	59.15 - 63.7	60.79	In
Put	MSTR260515P00185000	283	185.0	56.1 - 58.2	62.08	In
Put	MSTR260515P00180000	3633	180.0	52.15 - 53.45	52.55	In
Put	MSTR260515P00175000	328	175.0	48.0 - 49.4	49.95	In
Put	MSTR260515P00170000	1170	170.0	44.3 - 45.7	44.95	In
Put	MSTR260515P00165000	797	165.0	40.35 - 41.6	40.71	In
Put	MSTR260515P00160000	1011	160.0	36.8 - 38.35	37.24	In
Put	MSTR260515P00155000	959	155.0	34.0 - 34.6	34.05	In
Put	MSTR260515P00150000	1628	150.0	30.7 - 31.2	31.0	In
Put	MSTR260515P00145000	338	145.0	27.25 - 28.1	27.99	In
Put	MSTR260515P00140000	856	140.0	24.6 - 25.3	24.46	In
Put	MSTR260515P00135000	285	135.0	21.85 - 22.35	21.75	In
Put	MSTR260515P00130000	943	130.0	19.25 - 19.85	19.48	Out
Put	MSTR260515P00125000	526	125.0	16.8 - 17.5	16.52	Out
Put	MSTR260515P00120000	643	120.0	14.75 - 15.25	14.89	Out
Put	MSTR260515P00115000	378	115.0	12.75 - 13.2	13.1	Out
Put	MSTR260515P00110000	492	110.0	10.85 - 11.45	11.2	Out
Put	MSTR260515P00105000	1648	105.0	9.45 - 9.85	9.3	Out
Put	MSTR260515P00100000	1367	100.0	7.95 - 8.45	8.21	Out
Put	MSTR260515P00095000	258	95.0	6.75 - 7.3	6.8	Out
Put	MSTR260515P00090000	567	90.0	5.7 - 6.15	5.8	Out
Put	MSTR260515P00085000	221	85.0	4.8 - 5.3	5.0	Out
Put	MSTR260515P00080000	953	80.0	4.0 - 4.5	4.22	Out
Put	MSTR260515P00075000	1002	75.0	3.35 - 3.75	3.6	Out
Put	MSTR260515P00070000	181	70.0	2.86 - 3.1	2.99	Out
Put	MSTR260515P00065000	1920	65.0	2.42 - 2.79	2.45	Out
Put	MSTR260515P00060000	1705	60.0	2.07 - 2.27	2.07	Out
Put	MSTR260515P00055000	396	55.0	1.49 - 1.94	2.15	Out
Put	MSTR260515P00050000	378	50.0	1.28 - 1.71	1.5	Out
Put	MSTR260515P00045000	166	45.0	0.99 - 1.46	1.2	Out
Put	MSTR260515P00040000	857	40.0	0.76 - 1.28	1.15	Out
Put	MSTR260515P00035000	128	35.0	0.48 - 1.06	0.85	Out
Put	MSTR260515P00030000	767	30.0	0.54 - 0.8	0.64	Out
Put	MSTR260515P00025000	23	25.0	0.16 - 0.72	0.55	Out
Put	MSTR260515P00020000	72	20.0	0.12 - 0.55	0.45	Out
Put	MSTR260515P00015000	116	15.0	0.05 - 0.38	0.2	Out
Put	MSTR260515P00010000	524	10.0	0.0 - 0.2	0.11	Out
Put	MSTR260515P00005000	1539	5.0	0.04 - 0.06	0.05	Out

MicroStrategy Incorporated Selling And Marketing Expenses Over Time

Selling And Marketing Expenses

Timeline

MicroStrategy Total Stockholder Equity

Total Stockholder Equity

53.6 Billion

At this time, MicroStrategy Incorporated's Total Stockholder Equity is relatively stable compared to the past year.

MicroStrategy Incorporated Corporate Management

Jeanine Montgomery	Senior Officer	Profile
Vasant Paranjpe	Senior Engineer	Profile
Hugh Owen	Ex Officer	Profile
Carla Fitzgerald	Executive Officer	Profile

Additional Tools for MicroStrategy Stock Analysis

When running MicroStrategy Incorporated's price analysis, check to measure MicroStrategy Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MicroStrategy Incorporated is operating at the current time. Most of MicroStrategy Incorporated's value examination focuses on studying past and present price action to predict the probability of MicroStrategy Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MicroStrategy Incorporated's price. Additionally, you may evaluate how the addition of MicroStrategy Incorporated to your portfolios can decrease your overall portfolio volatility.

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