DIA Options History — April 2019

In April 2019, DIA traded between $261.26 and $266.25. ATM implied volatility averaged 11.5%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 2.6% (HV 20d: 9.0%). Max pain ranged from $260.00 to $263.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2019-04-18: Highest Volume — 66,818 contracts
  • 2019-04-12: Largest IV drop — 8.1% change
  • 2019-04-09: Highest IV Rank — 18.4%
  • 2019-04-01: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$263.90$261.26$266.25$262.21$265.51
Max Pain$260.43$260.00$263.00$260.00$263.00
ATM IV11.5%10.7%12.8%12.3%10.8%
Expected Move3.4%3.1%3.9%3.9%3.2%
HV 20d9.0%5.9%10.7%10.6%5.9%
HV 60d10.3%9.0%12.1%12.1%9.0%
IV Rank12.5%8.6%18.4%16.2%9.0%
IV Percentile29.8%18.7%46.0%37.7%20.6%
Term Structure0.1%-0.2%0.5%0.2%0.3%
VWIV12.6%10.8%14.6%14.0%12.3%
Skew 25d3.3%2.9%3.7%3.7%3.3%
Skew 10d6.7%5.7%7.5%6.7%6.4%
Call IV 25d10.3%9.5%11.5%10.7%9.8%
Put IV 25d13.6%12.7%15.1%14.4%13.0%
Bid-Ask Spread %4.422.586.202.584.15
Gamma HHI0.070.050.190.050.05
Net GEX129.2M52.8M341.3M98.1M67.8M
Net DEX-1.13B-1.50B-797.2M-1.09B-914.2M
Net VEX-10.9M-11.6M-10.4M-10.4M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.621.331.260.91
Total Volume35,249.28617,19766,81841,38721,684
Total OI412,177.524381,326435,612381,326416,523

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$262.21$260.0012.3%3.9%10.6%16.2%14.0%3.7%0.2%98.1M-1.09B-10.4M1.262.5818,33023,057193,706187,620
2019-04-02$261.79$260.0011.9%3.6%10.7%14.4%13.5%3.5%0.2%72.8M-976.9M-10.8M0.983.5913,44113,191197,753197,197
2019-04-03$261.96$260.0012.4%3.7%10.3%16.5%13.4%3.5%0.2%93.1M-1.02B-10.7M0.924.8518,04916,605200,835197,330
2019-04-04$263.61$260.0012.0%3.6%9.8%14.7%12.5%3.4%0.2%128.6M-1.30B-10.7M0.823.9325,50721,016202,557200,590
2019-04-05$264.10$260.0011.7%3.5%9.7%13.0%13.0%3.1%0.2%163.2M-1.40B-10.8M0.834.2322,97819,144207,897209,180
2019-04-08$263.14$260.0012.3%3.7%9.4%15.9%14.6%3.5%0.5%83.9M-1.07B-10.7M1.036.1412,10512,520199,550198,609
2019-04-09$261.57$260.0012.8%3.8%9.7%18.4%13.3%3.7%0.4%52.8M-797.2M-10.9M0.943.6020,71819,404202,735201,336
2019-04-10$261.40$260.0012.5%3.7%9.6%17.0%12.6%3.5%0.3%78.1M-838.4M-11.0M1.044.3816,04916,644211,880204,330
2019-04-11$261.26$260.0012.3%3.6%9.6%16.1%13.1%3.5%0.4%87.2M-813.4M-10.8M0.844.7519,06215,948217,424207,222
2019-04-12$263.83$260.0011.3%3.3%10.1%11.5%12.5%3.1%0.4%234.5M-1.46B-10.5M0.803.8428,16422,454219,590208,553
2019-04-15$263.71$260.0011.4%3.3%10.1%11.7%12.1%3.6%-0.0%152.4M-1.24B-10.5M1.334.2911,06814,699213,406200,924
2019-04-16$264.37$260.0011.5%3.3%10.0%12.4%12.6%3.0%-0.2%171.7M-1.39B-10.5M0.704.4618,99313,278218,767208,652
2019-04-17$264.73$260.0011.3%3.2%9.9%11.6%11.8%3.1%-0.2%229.7M-1.50B-10.5M0.784.8818,42714,341224,727210,885
2019-04-18$265.64$260.0010.8%3.1%9.7%9.2%11.0%2.9%-0.1%341.3M-1.50B-10.5M1.214.8230,25736,561215,732214,243
2019-04-22$265.04$260.0011.1%3.2%7.1%10.3%12.0%3.2%-0.1%88.5M-985.9M-11.2M0.624.8913,1148,190192,769198,043
2019-04-23$266.25$260.0010.8%3.2%7.1%9.0%10.8%3.2%-0.1%158.7M-1.29B-11.0M0.704.3220,02714,101200,133200,207
2019-04-24$266.21$260.0010.9%3.2%7.1%9.5%12.4%3.3%-0.2%161.4M-1.21B-11.3M1.024.3217,65717,976204,207205,265
2019-04-25$264.95$262.0010.9%3.2%7.5%9.6%12.6%3.5%-0.1%97.5M-914.2M-11.6M0.876.2024,73921,592210,053213,855
2019-04-26$264.96$262.0010.7%3.1%7.5%8.6%12.7%3.4%-0.1%79.3M-1.02B-11.5M0.873.8517,07614,872215,025216,929
2019-04-29$265.65$262.0010.7%3.2%7.2%8.7%12.3%3.2%0.2%73.2M-967.9M-11.4M1.004.768,5808,617200,106209,383
2019-04-30$265.51$263.0010.8%3.2%5.9%9.0%12.3%3.3%0.3%67.8M-914.2M-11.5M0.914.1511,32810,356202,479214,044