DIA Options History — October 2015

In October 2015, DIA traded between $161.06 and $177.45. ATM implied volatility averaged 14.4%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 2.3% (HV 20d: 16.7%). Max pain ranged from $163.00 to $172.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2015-10-16: Highest Volume — 136,644 contracts
  • 2015-10-05: Largest IV drop — 11.5% change
  • 2015-10-01: Highest IV Rank — 55.8%
  • 2015-10-01: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$171.51$161.06$177.45$161.06$176.88
Max Pain$169.75$163.00$172.00$163.00$172.00
ATM IV14.4%11.9%21.2%21.2%12.2%
Expected Move4.3%3.5%6.3%6.3%3.6%
HV 20d16.7%12.3%19.9%18.3%12.3%
HV 60d19.8%19.0%20.2%19.0%20.2%
IV Rank24.6%13.1%55.8%55.8%14.2%
IV Percentile62.4%34.9%94.0%94.0%40.5%
Term Structure0.2%-0.3%0.8%-0.2%0.5%
VWIV15.6%11.8%22.1%22.1%15.6%
Skew 25d5.1%4.4%6.9%6.9%4.4%
Skew 10d10.0%8.2%13.4%13.4%8.5%
Call IV 25d12.2%10.3%18.0%18.0%10.4%
Put IV 25d17.3%14.6%24.8%24.8%14.8%
Bid-Ask Spread %4.743.7010.724.444.74
Gamma HHI0.100.050.210.050.09
Net GEX103.8M-42.0M167.9M-42.0M132.4M
Net DEX-877.6M-1.90B1.13B1.13B-1.80B
Net VEX-10.5M-11.2M-9.7M-10.1M-11.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.521.761.111.48
Total Volume87,402.555,758136,64464,70190,146
Total OI739,566.136694,649782,654720,366754,576

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-10-01$161.06$163.0021.2%6.3%18.3%55.8%22.1%6.9%-0.2%-42.0M1.13B-10.1M1.114.4430,64134,060332,132388,234
2015-10-02$164.15$163.0018.9%5.4%19.6%45.2%20.1%5.7%-0.1%18.9M408.7M-10.3M1.084.3360,38264,982335,294398,584
2015-10-05$167.40$170.0016.7%5.0%19.9%35.2%18.1%5.9%0.1%84.8M-296.0M-10.5M1.7610.7224,99844,078325,415390,282
2015-10-06$167.77$170.0016.5%4.8%18.9%34.3%16.7%5.7%0.0%76.0M-377.7M-10.7M0.954.1348,26645,780334,198411,496
2015-10-07$168.68$170.0016.2%4.7%18.2%32.8%17.4%5.5%0.2%96.0M-618.0M-10.7M1.204.2039,41447,412340,818415,291
2015-10-08$170.26$170.0014.9%4.5%18.3%26.8%16.4%5.2%0.4%124.4M-1.09B-10.5M1.294.5539,71951,125346,078422,543
2015-10-09$170.49$170.0014.8%4.5%18.3%26.2%16.9%5.3%0.3%128.1M-1.14B-10.4M1.114.9147,78653,014346,792431,796
2015-10-12$171.04$170.0013.9%4.2%18.2%22.2%15.1%5.1%0.7%121.0M-1.05B-9.7M1.313.8329,69738,962338,630411,422
2015-10-13$170.63$170.0015.0%4.4%17.5%27.5%16.8%5.5%0.3%100.3M-916.6M-9.9M1.206.1935,15042,242342,052419,264
2015-10-14$168.91$170.0015.4%4.6%17.8%29.2%16.8%5.6%0.6%87.3M-348.1M-10.0M1.483.9539,10157,830345,895424,598
2015-10-15$171.28$170.0013.7%4.1%18.3%21.3%17.6%5.0%0.8%66.6M-1.14B-9.8M1.663.8235,69359,188350,559432,095
2015-10-16$171.84$170.0012.8%3.8%16.7%17.4%11.8%5.0%0.6%119.0M-553.8M-9.8M0.524.1189,85146,793310,328441,814
2015-10-19$171.93$170.0012.8%3.7%16.6%17.0%13.3%4.9%-0.2%76.4M-591.9M-10.5M0.864.3134,35929,598326,853367,796
2015-10-20$171.86$170.0013.4%3.9%15.1%20.0%14.3%4.9%-0.2%91.7M-633.6M-10.8M1.054.2327,17828,580337,320372,275
2015-10-21$171.39$170.0014.2%4.1%15.3%23.6%15.0%5.0%-0.3%84.0M-520.3M-10.9M1.194.2333,09439,394340,894376,546
2015-10-22$174.66$170.0012.7%3.7%16.0%16.8%13.4%4.6%-0.2%167.9M-1.41B-10.7M1.083.7057,88362,323342,098380,870
2015-10-23$176.36$171.0012.0%3.5%16.1%13.7%13.0%4.4%-0.2%165.9M-1.86B-11.0M0.755.1263,34947,816349,291398,647
2015-10-26$176.11$171.0012.8%3.7%14.2%17.0%13.5%4.8%0.3%131.3M-1.43B-11.0M0.895.6135,96332,166338,551368,537
2015-10-27$175.62$171.0013.2%3.9%14.4%19.1%13.7%4.9%0.2%126.9M-1.28B-11.1M0.874.2340,38434,991342,142372,497
2015-10-28$177.45$171.5011.9%3.5%14.0%13.1%12.8%4.4%0.3%165.9M-1.90B-11.0M0.854.9941,90735,650353,066375,826
2015-10-29$177.38$172.0012.0%3.6%13.1%13.4%13.3%4.5%0.3%160.5M-1.88B-11.1M0.664.0349,30332,607356,567380,493
2015-10-30$176.88$172.0012.2%3.6%12.3%14.2%15.6%4.4%0.5%132.4M-1.80B-11.2M1.484.7436,37853,768368,695385,881