DIA Options History — August 2007

In August 2007, DIA traded between $128.85 and $136.55. ATM implied volatility averaged 20.8%, placing in the 79.3% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 1.3% (HV 20d: 19.5%). Max pain ranged from $130.00 to $135.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.75.

Notable Days

  • 2007-08-16: Highest Volume — 282,296 contracts
  • 2007-08-09: Largest IV spike — 49.0% change
  • 2007-08-03: Highest IV Rank — 100.0%
  • 2007-08-15: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$132.36$128.85$136.55$133.41$133.40
Max Pain$131.52$130.00$135.00$135.00$132.00
ATM IV20.8%16.3%25.0%20.8%19.9%
Expected Move5.9%4.6%7.4%6.0%5.7%
HV 20d19.5%16.2%21.1%16.2%18.9%
HV 60d14.9%12.5%16.5%12.5%16.2%
IV Rank79.3%49.4%100.0%92.3%70.3%
IV Percentile94.8%85.2%100.0%98.6%91.0%
Term Structure0.1%-1.4%0.9%-0.5%-0.5%
VWIV21.1%17.6%26.0%20.1%18.5%
Skew 25d8.3%6.4%10.5%7.4%7.3%
Skew 10d15.3%11.6%18.3%13.4%14.3%
Call IV 25d16.8%12.9%20.7%17.1%16.5%
Put IV 25d25.1%20.3%31.1%24.5%23.8%
Bid-Ask Spread %13.128.6918.6213.1218.02
Gamma HHI0.040.040.050.040.04
Net GEX-63.3M-140.0M27.6M-39.9M-45.2M
Net DEX-67.6M-2.18B2.40B-470.3M-1.12B
Net VEX-35.5M-37.4M-31.9M-32.1M-36.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.750.975.431.621.40
Total Volume99,372.21738,643282,296117,78559,810
Total OI1,811,273.4781,545,0532,009,7721,545,0531,929,504

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-08-01$133.41$135.0020.8%6.0%16.2%92.3%20.1%7.4%-0.5%-39.9M-470.3M-32.1M1.6213.1244,99072,795638,790906,263
2007-08-02$134.78$135.0017.2%4.9%16.7%66.8%17.8%6.4%0.6%-19.3M-1.06B-31.9M1.9510.4926,21751,178652,169927,452
2007-08-03$132.19$135.0022.2%6.4%17.9%100.0%19.8%7.0%-1.4%-61.3M218.7M-32.9M1.7318.6227,11447,027661,120950,316
2007-08-06$134.20$131.0018.1%5.3%18.8%71.3%19.7%7.7%0.2%-34.3M-747.4M-31.9M1.2811.5446,08858,784665,702963,652
2007-08-07$135.05$131.0017.1%5.1%18.6%64.4%17.9%7.6%0.4%-15.0M-1.22B-31.9M1.1212.5782,51092,387682,201986,379
2007-08-08$136.55$131.0016.6%4.9%18.8%61.1%17.6%7.4%0.8%27.6M-2.18B-33.8M2.0114.0244,34489,076727,5491,042,017
2007-08-09$132.79$131.0024.7%6.5%20.1%100.0%23.0%8.9%-0.4%-54.7M8.1M-36.4M1.5613.4540,05662,634736,5511,085,128
2007-08-10$131.94$131.0024.3%6.7%20.1%97.6%26.0%9.9%-0.0%-65.4M538.0M-37.1M1.6815.9955,07492,586755,8471,107,274
2007-08-13$132.18$131.0023.5%6.2%20.0%92.7%24.1%8.6%0.4%-71.1M416.8M-36.0M2.1913.1127,45760,138775,4671,127,012
2007-08-14$130.49$131.0024.0%6.8%20.2%95.5%23.4%9.6%0.2%-116.4M1.50B-36.5M1.5011.6537,99857,139781,8121,162,833
2007-08-15$128.85$131.0024.6%7.4%20.5%99.4%26.0%10.4%-0.9%-140.0M2.26B-36.1M1.0112.1254,98155,294780,8101,148,755
2007-08-16$129.15$131.0025.0%7.2%20.4%100.0%25.5%10.5%-0.1%-129.4M2.40B-35.9M1.5215.18112,093170,203789,3141,152,288
2007-08-17$130.55$131.0023.5%6.7%20.9%91.3%25.0%10.1%0.3%-85.0M1.08B-36.9M1.3112.3270,46692,128818,3681,191,404
2007-08-20$130.96$130.0021.7%6.2%20.8%81.3%22.5%9.1%0.6%-84.0M298.8M-36.5M1.1112.1238,73643,151656,2941,088,636
2007-08-21$130.68$130.0021.0%6.0%20.4%76.8%20.7%8.2%0.3%-90.4M338.7M-36.9M1.3811.4820,00827,602677,2451,107,779
2007-08-22$132.29$130.0018.9%5.4%21.1%64.5%21.7%8.0%0.5%-71.0M-420.2M-36.4M2.219.5819,50843,151684,7461,118,782
2007-08-23$132.17$130.0018.7%5.4%19.9%63.6%19.2%7.7%0.1%-65.7M-420.6M-36.5M1.749.9426,69946,415692,1301,116,512
2007-08-24$133.64$130.0016.3%4.6%19.0%49.4%19.3%7.4%0.9%-37.1M-1.17B-36.3M5.438.6913,22471,837705,1131,140,960
2007-08-27$133.12$132.0018.3%5.3%18.7%61.0%18.8%7.7%0.1%-42.4M-919.1M-35.8M1.7616.2218,24532,102706,0151,139,734
2007-08-28$130.49$132.0022.3%6.4%19.7%84.7%20.2%8.9%-0.6%-100.9M427.6M-37.3M0.9713.5228,40227,634718,3891,156,760
2007-08-29$132.74$132.0019.2%5.5%20.4%66.6%17.7%7.8%0.5%-47.8M-816.6M-37.0M2.5713.9716,71842,919728,3301,163,164
2007-08-30$132.57$132.0020.4%5.8%20.0%73.4%21.4%8.1%-0.0%-66.6M-508.8M-37.4M1.0914.0418,49620,147730,4811,182,243
2007-08-31$133.40$132.0019.9%5.7%18.9%70.3%18.5%7.3%-0.5%-45.2M-1.12B-36.9M1.4018.0224,95534,855740,0951,189,409