DIA Options History — February 2007

In February 2007, DIA traded between $121.60 and $127.77. ATM implied volatility averaged 9.3%. The 30-day expected move averaged 2.7%. IV traded above realized volatility by 1.6% (HV 20d: 7.7%). Max pain ranged from $123.00 to $125.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.67.

Notable Days

  • 2007-02-27: Highest Volume — 240,498 contracts
  • 2007-02-27: Largest IV spike — 58.2% change
  • 2007-02-27: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$126.30$121.60$127.77$126.74$122.66
Max Pain$124.53$123.00$125.00$125.00$124.00
ATM IV9.3%7.8%15.4%8.4%13.6%
Expected Move2.7%2.3%4.4%2.4%3.9%
HV 20d7.7%6.1%15.5%7.2%15.5%
Term Structure0.3%-0.9%0.8%0.8%-0.6%
VWIV9.8%8.5%14.3%8.9%13.7%
Skew 25d3.1%2.3%4.8%2.7%4.5%
Skew 10d6.2%4.8%9.1%5.8%8.9%
Call IV 25d8.2%7.2%13.4%7.2%11.7%
Put IV 25d11.3%9.9%18.2%10.0%16.3%
Bid-Ask Spread %10.334.2130.104.2123.66
Gamma HHI0.160.080.250.200.13
Net GEX-142.1M-292.9M-45.5M-131.9M-159.1M
Net DEX-2.19B-3.28B153.9M-2.50B-115.5M
Net VEX-19.4M-21.5M-17.6M-19.6M-21.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.670.223.211.031.59
Total Volume66,120.73718,615240,49861,064107,090
Total OI1,160,314.1051,014,9721,270,6841,145,9311,141,799

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$126.74$125.008.4%2.4%7.2%0.0%8.9%2.7%0.8%-131.9M-2.50B-19.6M1.034.2130,02331,041470,267675,664
2007-02-02$126.53$125.007.8%2.5%7.2%0.0%9.1%3.2%0.4%-146.8M-2.41B-20.0M2.358.3911,76027,686483,558690,648
2007-02-05$126.68$125.008.1%2.6%6.5%0.0%10.0%3.2%0.5%-151.4M-2.52B-19.7M1.038.6914,63115,044487,304694,273
2007-02-06$126.65$125.008.0%2.6%6.5%0.0%10.1%3.2%0.4%-159.6M-2.50B-19.8M0.937.579,6318,984490,905698,231
2007-02-07$126.79$125.007.8%2.6%6.5%0.0%9.4%2.9%0.3%-154.7M-2.64B-19.5M1.786.8216,56329,499495,837701,910
2007-02-08$126.47$125.009.4%2.7%6.6%0.0%9.8%3.1%0.5%-203.0M-2.38B-19.7M2.378.5316,02237,963497,413709,933
2007-02-09$125.88$125.009.5%2.7%6.7%0.0%9.9%3.2%0.5%-253.0M-1.93B-20.3M2.198.0618,47340,450499,757717,660
2007-02-12$125.59$125.009.9%2.8%6.5%0.0%10.5%3.4%0.3%-292.9M-1.62B-20.2M2.298.7622,27250,906504,708723,889
2007-02-13$126.63$125.008.6%2.5%7.1%0.0%8.7%3.1%0.7%-187.0M-2.61B-19.1M1.557.1422,73035,289510,566721,957
2007-02-14$127.48$125.008.9%2.6%7.5%0.0%8.9%2.7%0.3%-97.9M-3.24B-18.3M1.447.4830,71944,178518,124734,256
2007-02-15$127.77$125.008.6%2.5%7.4%0.0%9.2%2.7%0.3%-89.9M-3.28B-18.7M0.226.5293,42220,245521,066749,618
2007-02-16$127.57$125.008.2%2.3%7.5%0.0%9.1%2.7%0.3%-105.5M-2.45B-18.1M3.215.857,25723,295445,213759,980
2007-02-20$127.66$125.008.3%2.4%7.0%0.0%9.4%2.3%0.2%-45.5M-2.60B-17.6M0.926.3336,56133,741427,945587,027
2007-02-21$127.37$125.009.0%2.5%6.9%0.0%8.9%2.4%0.2%-77.3M-2.47B-18.2M1.864.8914,15126,339441,734605,519
2007-02-22$126.79$123.008.6%2.5%6.9%0.0%8.5%2.7%0.4%-96.8M-2.27B-18.4M2.2313.9217,09138,057448,190611,361
2007-02-23$126.41$123.009.2%2.6%6.2%0.0%8.9%2.5%0.5%-103.4M-2.09B-19.1M1.6714.7416,44027,384458,385623,763
2007-02-26$126.34$123.009.7%2.8%6.1%0.0%9.5%2.8%0.2%-97.4M-2.08B-18.9M1.1714.6218,81722,042465,179625,929
2007-02-27$121.60$123.0015.4%4.4%15.1%0.0%14.3%4.8%-0.9%-146.0M153.9M-21.5M1.9630.1081,338159,160475,065631,335
2007-02-28$122.66$124.0013.6%3.9%15.5%0.0%13.7%4.5%-0.6%-159.1M-115.5M-21.1M1.5923.6641,33065,760496,313645,486