DIA Options History — March 2015

In March 2015, DIA traded between $176.42 and $182.64. ATM implied volatility averaged 12.7%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 0.6% (HV 20d: 12.2%). Max pain ranged from $176.00 to $178.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2015-03-20: Highest Volume — 99,342 contracts
  • 2015-03-25: Largest IV spike — 16.8% change
  • 2015-03-11: Highest IV Rank — 56.9%
  • 2015-03-11: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$179.18$176.42$182.64$182.64$177.71
Max Pain$177.77$176.00$178.00$176.00$178.00
ATM IV12.7%10.3%14.5%10.3%13.9%
Expected Move3.7%3.0%4.3%3.0%4.1%
HV 20d12.2%7.6%15.8%9.0%15.8%
HV 60d14.0%13.6%14.4%13.7%14.4%
IV Rank42.3%22.0%56.9%22.0%52.0%
IV Percentile71.2%38.9%87.7%38.9%83.3%
Term Structure0.2%-0.4%0.6%0.6%0.1%
VWIV13.3%10.1%14.8%10.1%14.7%
Skew 25d4.7%4.2%5.2%4.2%5.2%
Skew 10d9.2%7.9%10.2%8.8%9.4%
Call IV 25d10.8%8.6%12.4%8.6%11.5%
Put IV 25d15.5%12.9%17.3%12.9%16.7%
Bid-Ask Spread %10.964.5226.976.134.84
Gamma HHI0.100.050.230.110.06
Net GEX67.5M-56.4M326.8M150.5M-30.9M
Net DEX-600.1M-1.52B216.3M-1.52B-77.9M
Net VEX-7.7M-8.3M-6.9M-6.9M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.482.520.831.22
Total Volume54,900.90931,46799,34250,92260,399
Total OI475,688.773390,326556,270432,983437,537

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$182.64$176.0010.3%3.0%9.0%22.0%10.1%4.2%0.6%150.5M-1.52B-6.9M0.836.1327,88123,041198,589234,394
2015-03-03$181.89$177.0011.3%3.1%9.0%30.2%11.9%4.5%0.2%118.8M-1.30B-7.2M1.506.4718,32927,557210,883240,794
2015-03-04$180.82$176.0011.6%3.3%7.6%32.6%12.2%4.8%0.2%97.2M-1.05B-7.4M1.476.6620,79430,635214,916245,232
2015-03-05$181.25$178.0011.5%3.4%7.6%32.1%14.0%4.8%0.3%114.9M-1.16B-7.4M1.857.6218,46034,160219,102250,690
2015-03-06$178.30$178.0013.1%3.9%9.0%44.8%13.8%5.1%0.0%26.5M-380.3M-7.7M1.255.6133,21341,515222,625259,306
2015-03-09$179.83$178.0012.3%3.6%9.4%38.6%13.6%5.1%0.4%91.3M-845.8M-7.5M2.0610.7014,77530,434219,453254,476
2015-03-10$176.72$178.0014.2%4.1%11.3%54.1%14.2%5.1%0.1%-33.4M60.3M-8.0M1.6313.9222,12436,058222,641275,136
2015-03-11$176.42$178.0014.5%4.3%10.9%56.9%14.8%4.9%0.3%-33.0M58.4M-8.0M1.4414.2814,52420,891230,628278,663
2015-03-12$178.97$178.0013.0%3.8%12.1%44.1%14.1%4.2%0.2%56.6M-693.8M-7.9M1.5513.3417,80327,509235,757287,348
2015-03-13$177.56$178.0013.7%3.9%12.1%50.3%14.7%4.5%-0.0%-56.4M-199.0M-7.9M1.5814.3420,97033,031239,563295,636
2015-03-16$179.34$178.0013.9%4.0%12.7%52.0%14.1%4.8%-0.4%101.4M-852.2M-7.9M0.7014.7727,28319,178233,031290,263
2015-03-17$178.50$178.0014.3%4.1%12.8%55.0%14.6%4.8%-0.3%48.2M-544.2M-7.9M1.1510.8118,67521,557233,440298,715
2015-03-18$180.77$178.0012.1%3.5%13.6%36.9%13.3%4.5%0.1%214.4M-1.31B-7.5M0.7214.4545,13132,297239,841303,122
2015-03-19$179.73$178.0012.1%3.4%13.7%37.2%13.0%4.3%0.6%213.2M-959.3M-7.7M0.4816.7637,32618,032243,367312,903
2015-03-20$180.96$178.0011.3%3.2%13.9%30.1%10.8%4.2%0.1%326.8M-1.17B-7.4M0.5526.9764,10435,238224,947318,405
2015-03-23$180.84$178.0011.5%3.2%13.9%31.7%12.0%4.6%0.4%86.3M-768.9M-7.7M1.3812.2113,91519,159174,837215,489
2015-03-24$179.93$178.0011.8%3.3%13.8%34.7%11.8%4.4%0.3%52.2M-524.0M-7.9M2.526.358,92922,538180,456224,915
2015-03-25$177.05$178.0013.8%4.0%14.8%50.9%13.5%5.0%0.2%-36.7M187.0M-8.3M1.0717.5726,25428,169181,937232,919
2015-03-26$176.57$178.0014.2%4.1%14.8%54.4%14.7%5.0%0.2%-37.7M216.3M-8.2M1.054.8241,19743,085189,932232,372
2015-03-27$176.84$178.0013.5%3.9%14.8%48.0%13.0%4.8%0.3%-50.5M192.4M-8.0M0.847.9821,23317,795198,701240,807
2015-03-30$179.42$178.0012.6%3.6%15.6%41.0%13.1%5.1%0.6%65.8M-570.8M-8.0M0.934.5237,66534,957190,816230,569
2015-03-31$177.71$178.0013.9%4.1%15.8%52.0%14.7%5.2%0.1%-30.9M-77.9M-8.1M1.224.8427,26533,134196,237241,300