30-Day Downside Put Protection Falls to Lowest Level in 2 months
MSTXDefiance Daily Target 2X Long Mstr ETF2.40-0.07 (-2.8%)
The cost to protect downside risk fell to 12.1%, the lowest level since Dec 30, 2025 when it was at 12.2%. The 52-Week average is 14.1% and the 52-Week range is 9.1% - 25.1%.
MSTX2.47+0.37 (+17.6%)Defiance Daily Target 2X Long Mstr ETF
ATM straddle for 06-Mar-26 expiration returned a positive 56.0% from the previous business day
The upside wing (25 delta calls) gained 116.7%
Downside put (25 delta puts) lost -28.0%
The option volume for 06-Mar-26 expiration is 2,404
$MSTX negative imbalance of -113 K option volume delta...indicating traderes are more bearish on the stock
Sentiment Alert: MSTX Increasing bullish pressure with an imbalance in net option delta of 204 K.
Unusual Option Volume
MSTXDefiance Daily Target 2X Long Mstr ETF2.15+0.48 (+28.7%)
Defiance Daily Target 2X Long Mstr ETF trades 14,891 contracts.
30-day Implied Volatility (IV30) Climbs to its Highest Mark in 10 months
MSTXDefiance Daily Target 2X Long Mstr ETF1.66-0.89 (-34.9%)
The IV30 rose to 186.1, the highest level since Apr 10, 2025 when it reached 180.4. Stock Option traders are pricing in an average daily move of ±11.7%. The 52-Week historical volatility is 137.8 with an average daily move of ±8.7%. View Implied Vol
