MSTR
Strategy IncAs of 2026-10-30 15:59 ET, MSTR net GEX is -$9.0M per 1% move; MSTR call wall is $146; put wall is $125.
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The per-expiry gamma heatmap for MSTR is at https://squawkflow.com/gex-heatmap/mstr.
More MSTR options data
The price and the session change are a point-in-time snapshot taken at the time shown. The gamma levels run on a different clock: they are computed 2026-10-31 14:36 ET from the open interest carried on the option chain at that time and are not intraday values. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
As of 2026-10-31 14:36 ET, SquawkFlow published MSTR at $130.51 at the 4:00 PM ET close on 2026-10-30 (-7.84%), net dealer gamma of -$9.0M, a call wall at 146, a put wall at 125 and a zero-gamma flip at 141. The gamma figures are computed 2026-10-31 14:36 ET from the open interest carried on the option chain at that time; dealer positioning is an assumption, not an observable. Source: SquawkFlow, https://squawkflow.com/ticker/MSTR.
MARKET SNAPSHOT
| Call Wall | 146 |
| Put Wall | 125 |
| GEX Flip | 141 |
| Swing Line | 141 |
| Net GEX | -$9.0M |
Cached snapshot as of 2026-10-31 14:36 ET, live streaming data in the terminal.
MSTR DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near MSTR's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the MSTR option chain, not the whole book: the 30 strikes nearest spot out of 100 seen, 386 contract rows spanning 2 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain. These rows came from the last chain saved to disk, not from a fresh provider response, so the vintage is older than the calculation time.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
All captured expirations. Chain as of .
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 147 | $462.9K | $525.3K | -$62.4K | |
| 146CALL WALL | $689.9K | $755.7K | -$65.8K | |
| 145 | -$158.2K | $592.7K | -$750.9K | |
| 144 | $238.5K | $355.5K | -$117.0K | |
| 143 | -$68.0K | $180.5K | -$248.5K | |
| 142 | -$131.3K | $299.3K | -$430.6K | |
| 141GEX FLIP | $40.5K | $381.5K | -$341.0K | |
| 140 | -$708.5K | $358.2K | -$1.1M | |
| 139 | -$213.8K | $37.9K | -$251.7K | |
| 138 | -$274.9K | $27.9K | -$302.8K | |
| 137 | -$129.0K | $10.0K | -$139.0K | |
| 136 | -$174.1K | $36.3K | -$210.4K | |
| 135 | -$1.1M | $120.4K | -$1.2M | |
| 134 | -$38.4K | $39.5K | -$77.9K | |
| 133 | -$280.7K | $22.1K | -$302.9K | |
| 132SPOT | -$239.3K | $34.3K | -$273.6K | |
| 131 | -$265.5K | $20.0K | -$285.6K | |
| 130 | -$970.6K | $156.2K | -$1.1M | |
| 129 | -$223.5K | $6.2K | -$229.6K | |
| 128 | -$86.9K | $7.8K | -$94.7K | |
| 127 | -$208.0K | $17.0K | -$225.0K | |
| 126 | -$53.2K | $27.5K | -$80.8K | |
| 125PUT WALL | -$2.7M | $57.1K | -$2.7M | |
| 124 | -$1.7K | $10.3K | -$12.1K | |
| 123 | -$213.9K | $4.1K | -$218.0K | |
| 122 | -$17.3K | $10.4K | -$27.6K | |
| 121 | -$2.4K | $5.4K | -$7.8K | |
| 120 | -$877.3K | $41.0K | -$918.3K | |
| 119 | -$91.3K | $12.5K | -$103.8K | |
| 118 | -$1.3M | $9.8K | -$1.3M |
These levels were captured October 31, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
COMMON QUESTIONS
- What was the last MSTR price on this page?
- MSTR close, Oct 30: $130.51 (-7.84%), as of 2026-10-31 14:36 ET.
- What are the MSTR call wall and put wall?
- As of 2026-10-31 14:36 ET, the MSTR call wall was at 146 and the put wall at 125, computed 2026-10-31 14:36 ET from the open interest carried on the option chain at that time.
- What is MSTR net dealer gamma?
- As of 2026-10-31 14:36 ET, net dealer gamma for MSTR was -$9.0M, Negative gamma. Dealer positioning is an assumption, not an observable.
- Where is the MSTR gamma flip?
- As of 2026-10-31 14:36 ET, the MSTR zero-gamma flip was at 141, computed 2026-10-31 14:36 ET from the open interest carried on the option chain at that time.
- How often do these MSTR figures change?
- The price is a snapshot taken at the time shown. The gamma levels come from open interest that settles once per trading day, and the page refreshes at most once an hour.
ABOUT MSTR
Strategy, formerly MicroStrategy, describes itself as a Bitcoin treasury company and holds Bitcoin funded through equity and debt offerings. It also sells enterprise analytics software.
WHY TRACK MSTR ON SQUAWKFLOW
MSTR is the highest-beta Bitcoin proxy in the equity market, often moving 2-3x BTC daily moves. Options volume in MSTR rivals many mega-cap stocks due to leveraged crypto speculation. Convertible bond structures and at-the-market equity offerings create unique options dynamics.
MSTR IN 13F FILINGS
2 of the 8 managers in SquawkFlow's 13F cohort with a filing on record reported shares of MSTR (filed as STRATEGY INC, class CL A NEW) in their most recent Form 13F filing (newest: 2026-Q2, filed August 13, 2026). A 13F is filed up to 45 days after the quarter ends, so it is a dated snapshot, not a trade record.
- Renaissance Technologies LLC reported 2,553,692 shares ($222M) at the end of 2026-Q2, filed August 13, 2026. 2026-Q2 filing
- Bridgewater Associates LP reported 5,568 shares ($484K) at the end of 2026-Q2, filed August 14, 2026. 2026-Q2 filing
Form 13F reports long positions in 13(f) securities held on the last day of the quarter. It excludes short positions, cash, and assets outside 13(f) scope. An absent security is not evidence of a sale. Matched on the issuer name and share class as filed. The cohort is a named set of managers, not every 13F filer. All cohort managers
MSTR DATA ON SQUAWKFLOW
Options Flow
MSTR options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last MSTR price, change, volume, and the current dealer-gamma regime
GEX Dashboard
MSTR gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of MSTR market microstructure in real time
News Sentiment
MSTR news with AI sentiment scoring and impact analysis
Sector Context
Finance sector rotation and relative strength vs peers
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