MSTR pre-market and after-hours

What the extended-hours move is telling you

MSTR is down +0.76% outside regular hours. Extended-hours volume is a fraction of the regular session, so a move of this size is being set by comparatively few orders. It is a signal about what a small number of participants think, not a settled price.

Pre-market runs 4:00am to 9:30am ET, after-hours 4:00pm to 8:00pm ET. Spreads are wider in both, and the further from the bell you go, the thinner it gets.

Where MSTR sits in the options structure

Dealer positioning does not stop overnight. The largest positive-gamma strike sits at 130, which tends to act as friction on the way up. The largest negative-gamma strike is 118; below it, hedging flow amplifies moves rather than absorbing them. Max pain for the front expiry is 115.

A pre-market gap that opens the regular session beyond one of those levels behaves differently from one that does not. See the full MSTR gamma map →

Common questions

What is MSTR trading at in the pre-market?
MSTR is trading at $125.86 in after-hours, down −0.76% from the $126.83 close. Quoted Aug 25, 7:06 PM ET.

What time does MSTR pre-market trading start?
Pre-market trading runs from 4:00am to 9:30am ET, and after-hours from 4:00pm to 8:00pm ET. Volume is far thinner than the regular session, so spreads are wider and a single order can move the quote more than it would during the day.

Can I trade MSTR before the market opens?
Most brokers allow pre-market orders from 4:00am ET, though many restrict them to limit orders only. Because extended-hours liquidity is thin, a market order in MSTR before the open can fill materially away from the last quote.

Other tickers

Also: the full pre-market board · free gamma map · earnings this week