MicroStrategy (MSTR)
NASDAQ: MSTR
· Real-Time Price · USD
351.63
-0.70 (-0.20%)
At close: Oct 03, 2025, 3:59 PM
349.68
-0.55%
After-hours: Oct 03, 2025, 07:59 PM EDT
MSTR Delta Exposure By Expiry
The total Delta Exposure (DEX) for MSTR across all expirations shows 113,962,345.89 net shares that market makers must hedge, with 182,592,651.05 from calls and 68,630,305.16 from puts. The put-call delta ratio of 0.38 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
MSTR DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 10, 25 | 14,106,566.48 | -4,893,635.86 | 9,212,930.62 | 0.35 |
| Oct 17, 25 | 13,257,263.08 | -14,013,132.66 | -755,869.58 | 1.06 |
| Oct 24, 25 | 1,349,010.02 | -4,601,411.47 | -3,252,401.45 | 3.41 |
| Oct 31, 25 | 1,541,717.46 | -3,071,859.3 | -1,530,141.84 | 1.99 |
| Nov 7, 25 | 673,487.43 | -1,094,826.77 | -421,339.34 | 1.63 |
| Nov 14, 25 | 17,926.12 | -8,963.55 | 8,962.57 | 0.50 |
| Nov 21, 25 | 23,355,446.64 | -11,246,345.13 | 12,109,101.51 | 0.48 |
| Dec 19, 25 | 32,561,106.62 | -8,102,749.65 | 24,458,356.97 | 0.25 |
| Jan 16, 26 | 51,380,104.55 | -7,942,655.87 | 43,437,448.68 | 0.15 |
| Feb 20, 26 | 1,394,773.27 | -1,075,182.05 | 319,591.22 | 0.77 |
| Mar 20, 26 | 4,708,904.69 | -2,247,612.45 | 2,461,292.24 | 0.48 |
| Apr 17, 26 | 670,594.44 | -371,679.08 | 298,915.36 | 0.55 |
| May 15, 26 | 50,383.09 | -40,081.52 | 10,301.57 | 0.80 |
| Jun 18, 26 | 16,360,275.99 | -4,413,550.73 | 11,946,725.26 | 0.27 |
| Sep 18, 26 | 1,105,338.06 | -561,218.93 | 544,119.13 | 0.51 |
| Dec 18, 26 | 2,608,288.74 | -846,208.47 | 1,762,080.27 | 0.32 |
| Jan 15, 27 | 9,057,799.53 | -2,335,857.49 | 6,721,942.04 | 0.26 |
| Jun 17, 27 | 2,334,035.84 | -637,255.75 | 1,696,780.09 | 0.27 |
| Sep 17, 27 | 840,530.43 | -114,549.26 | 725,981.17 | 0.14 |
| Dec 17, 27 | 4,743,547.58 | -930,960.41 | 3,812,587.17 | 0.20 |