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MSTR
Strategy Inc Common Stock Class A
stock NASDAQ

At Close

Nov 21, 2025 3:59:58 PM EST

170.39USD-3.800%(-6.73)29,501,224

0.00Bid 0.00Ask 0.00Spread

Pre-market

Nov 21, 2025 9:28:30 AM EST

172.91USD-2.377%(-4.21)702,722

After-hours

Nov 21, 2025 4:58:30 PM EST

171.80USD+0.828%(+1.41)372,739

OverviewMax PainHistoricalExchangesShortsMore

MSTR Max Pain Summary

The max pain for MSTR on November 21st, 2025 is $197.50.

MSTR Option Chain Summary

	Calls		Puts		Max	P/C	Price vs.
Exp.	ITM	OTM	ITM	OTM	Pain¹	Ratio²	Max Pain
Nov 21, 2025	4,029	437,132	58,782	80,493	197.50	0.32	-13.73%
Nov 28, 2025	1,365	209,300	25,909	52,100	195.00	0.37	-12.62%
Dec 5, 2025	253	30,298	12,801	29,184	210.00	1.37	-18.86%
Dec 12, 2025	194	14,292	6,730	8,577	210.00	1.06	-18.86%
Dec 19, 2025	54,391	258,375	65,198	196,595	180.00	0.84	-5.34%
Dec 26, 2025	172	13,269	4,113	2,270	215.00	0.47	-20.75%
Jan 2, 2026	78	7,119	1,459	873	205.00	0.32	-16.88%
Jan 16, 2026	110,427	294,098	77,359	265,387	130.00	0.85	+31.07%
Feb 20, 2026	418	37,366	24,628	4,910	310.00	0.78	-45.04%
Mar 20, 2026	1,816	79,876	34,569	30,041	300.00	0.79	-43.20%
Apr 17, 2026	142	15,670	13,510	4,334	300.00	1.13	-43.20%
May 15, 2026	161	8,264	5,459	2,209	255.00	0.91	-33.18%
Jun 18, 2026	14,964	89,984	41,911	65,759	250.00	1.03	-31.84%
Aug 21, 2026	63	3,200	3,536	2,660	250.00	1.90	-31.84%
Sep 18, 2026	199	12,983	10,230	5,210	300.00	1.17	-43.20%
Dec 18, 2026	690	24,943	12,223	19,447	320.00	1.24	-46.75%
Jan 15, 2027	3,070	82,346	19,613	46,767	290.00	0.78	-41.24%
Jun 17, 2027	915	13,632	5,196	20,293	300.00	1.75	-43.20%
Sep 17, 2027	242	4,246	1,954	2,583	190.00	1.01	-10.32%
Dec 17, 2027	2,144	27,262	7,785	34,656	320.00	1.44	-46.75%
Jan 21, 2028	961	13,417	3,151	18,383	220.00	1.50	-22.55%
Totals	196,694 1,873,766 H	1,677,072	436,116 1,328,847 H	892,731		0.71

¹ Maximum pain is the strike price with the most open puts and calls and the price at which the stock would cause financial losses for the largest number of option holders at expiration. Investopedia

² In general, greater than 0.7 suggests bearish sentiment is building in the market; below 0.7 is considered a bullish indicator. Investopedia