DIA Options History — July 2009

In July 2009, DIA traded between $81.44 and $91.67. ATM implied volatility averaged 21.4%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.5% (HV 20d: 20.0%). Max pain ranged from $84.00 to $88.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.10.

Notable Days

  • 2009-07-16: Highest Volume — 254,475 contracts
  • 2009-07-06: Largest IV spike — 10.0% change
  • 2009-07-08: Highest IV Rank — 9.2%
  • 2009-07-08: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.80$81.44$91.67$85.03$91.67
Max Pain$85.32$84.00$88.00$85.00$88.00
ATM IV21.4%19.4%25.3%20.0%20.7%
Expected Move6.2%5.6%7.4%5.7%5.9%
HV 20d20.0%16.1%22.7%16.1%17.2%
HV 60d20.9%19.9%21.9%21.9%19.9%
IV Rank4.9%2.6%9.2%3.2%4.0%
IV Percentile15.5%6.0%29.8%10.3%14.3%
Term Structure0.9%0.1%2.1%2.0%0.6%
VWIV22.0%19.5%26.0%20.4%20.8%
Skew 25d4.5%2.5%6.9%4.8%2.5%
Skew 10d8.7%4.9%13.4%8.8%4.9%
Call IV 25d19.8%17.9%23.1%17.9%19.8%
Put IV 25d24.3%21.1%29.8%22.7%22.3%
Bid-Ask Spread %3.802.345.223.103.76
Gamma HHI0.070.060.110.070.08
Net GEX16.8M-27.2M47.7M9.9M43.0M
Net DEX30.9M-730.2M1.06B333.8M-730.1M
Net VEX-8.1M-9.3M-7.3M-7.8M-9.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.331.831.470.94
Total Volume78,372.86438,939254,47542,89357,754
Total OI979,621.727824,8331,079,705955,0211,002,648

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$85.03$85.0020.0%5.7%16.1%3.2%20.4%4.8%2.0%9.9M333.8M-7.8M1.473.1017,34425,549521,640433,381
2009-07-02$82.99$85.0021.4%6.1%17.8%4.8%21.3%4.5%2.1%-14.4M781.4M-7.5M1.222.3427,65233,702523,004439,566
2009-07-06$83.25$85.0023.5%6.9%17.7%7.2%24.5%6.6%0.6%-9.3M688.7M-7.3M0.804.9731,91925,491530,319444,126
2009-07-07$81.55$85.0024.6%7.2%18.8%8.5%25.5%6.9%0.1%-19.8M954.5M-7.3M0.924.2642,62139,316540,476448,356
2009-07-08$81.93$85.0025.3%7.4%19.0%9.2%26.0%6.7%0.3%-19.6M989.1M-7.3M1.094.3751,37255,845550,376457,494
2009-07-09$81.77$84.0023.2%7.1%19.0%6.9%24.8%6.6%0.6%-20.8M958.0M-7.4M0.694.0444,79130,990562,852470,080
2009-07-10$81.44$84.0022.7%7.1%18.8%6.3%24.4%6.3%0.7%-27.2M1.06B-7.3M0.824.5631,39125,866575,137475,104
2009-07-13$83.31$84.0024.3%6.6%20.9%8.0%23.2%5.7%0.7%3.1M620.9M-7.3M0.964.4937,22535,758577,497475,829
2009-07-14$83.66$84.0022.0%6.4%19.9%5.5%23.3%5.5%0.9%5.6M534.2M-7.3M1.724.4421,31736,729579,833480,302
2009-07-15$86.20$84.0020.6%6.3%22.2%3.9%22.9%5.1%0.7%38.5M-117.3M-7.7M1.353.9551,46169,683582,058482,612
2009-07-16$87.23$84.0021.5%6.2%22.6%4.9%22.3%5.1%0.7%37.9M-443.7M-7.8M0.335.22191,16263,313583,945495,760
2009-07-17$87.46$85.0020.8%6.0%22.5%4.1%21.2%4.4%1.3%18.7M-204.9M-8.0M0.924.0942,64139,323558,541509,232
2009-07-20$88.33$85.0020.6%5.9%22.7%3.9%20.8%4.3%1.0%25.6M-253.9M-8.0M1.013.9742,98643,443465,757359,076
2009-07-21$89.17$85.0020.1%5.8%20.7%3.4%20.5%3.7%1.2%31.0M-379.9M-8.3M1.833.3626,91549,276481,971374,831
2009-07-22$88.88$85.0019.7%5.6%20.8%2.9%20.1%3.5%1.2%26.7M-263.6M-8.5M1.333.1820,18826,886490,697393,348
2009-07-23$90.63$86.0019.7%5.6%21.5%2.9%20.5%2.9%0.9%33.4M-545.5M-8.6M0.974.3041,47940,424496,360400,190
2009-07-24$90.97$86.0019.4%5.6%20.6%2.6%19.5%2.9%0.9%38.1M-678.0M-8.7M0.922.4835,82832,838508,522410,359
2009-07-27$91.14$87.0020.2%5.8%20.4%3.5%20.5%2.9%0.5%41.1M-673.0M-8.7M1.302.6016,91422,025527,487420,496
2009-07-28$90.99$87.0020.2%5.8%20.3%3.4%20.4%2.9%1.0%39.3M-618.5M-8.9M0.913.6930,95228,222532,286425,634
2009-07-29$90.68$87.0020.5%5.9%20.1%3.8%20.9%3.3%0.8%41.0M-602.7M-9.1M1.193.1524,85829,529543,853430,218
2009-07-30$91.42$87.0020.7%5.9%20.1%4.0%20.9%2.6%0.7%47.7M-730.2M-9.3M1.473.3832,84048,385554,587435,838
2009-07-31$91.67$88.0020.7%5.9%17.2%4.0%20.8%2.5%0.6%43.0M-730.1M-9.3M0.943.7629,69928,055557,294445,354