DIA Options History — May 2019

In May 2019, DIA traded between $248.68 and $265.02. ATM implied volatility averaged 15.4%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 2.7% (HV 20d: 12.7%). Max pain ranged from $255.00 to $263.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.23.

Notable Days

  • 2019-05-07: Highest Volume — 83,303 contracts
  • 2019-05-07: Largest IV spike — 37.2% change
  • 2019-05-13: Highest IV Rank — 45.7%
  • 2019-05-13: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$257.54$248.68$265.02$264.82$248.68
Max Pain$255.95$255.00$263.00$263.00$255.00
ATM IV15.4%11.2%18.8%11.2%17.9%
Expected Move4.5%3.3%5.3%3.4%5.3%
HV 20d12.7%5.9%16.1%5.9%16.1%
HV 60d10.7%9.0%11.8%9.0%11.8%
IV Rank30.1%11.0%45.7%11.0%41.7%
IV Percentile66.1%29.0%86.5%29.0%82.5%
Term Structure0.0%-0.4%0.5%0.2%-0.1%
VWIV16.0%11.8%19.8%11.8%18.3%
Skew 25d4.9%3.4%6.0%3.5%4.9%
Skew 10d9.3%6.6%11.6%6.6%9.2%
Call IV 25d13.3%10.0%16.0%10.1%15.8%
Put IV 25d18.2%13.4%21.9%13.5%20.7%
Bid-Ask Spread %3.712.816.286.284.16
Gamma HHI0.060.040.090.050.05
Net GEX-50.1M-136.1M83.6M43.8M-117.7M
Net DEX229.4M-920.7M1.29B-785.5M1.29B
Net VEX-11.5M-12.5M-10.9M-11.6M-11.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.712.620.892.62
Total Volume51,767.68224,28783,30326,78575,219
Total OI450,234.909419,727497,064421,050474,534

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$264.82$263.0011.2%3.4%5.9%11.0%11.8%3.5%0.2%43.8M-785.5M-11.6M0.896.2814,17212,613203,860217,190
2019-05-02$262.61$263.0012.3%3.7%6.7%15.9%13.2%3.9%0.3%-39.0M-312.6M-11.6M0.954.6528,54827,106207,711219,395
2019-05-03$265.02$260.0011.3%3.3%7.1%11.2%12.2%3.4%0.3%83.6M-920.7M-11.4M1.314.5626,58934,822217,383217,279
2019-05-06$264.26$255.0013.3%3.9%7.2%20.7%13.7%4.4%0.2%3.2M-603.8M-11.7M1.113.1823,84326,388206,803219,158
2019-05-07$258.54$255.0018.3%5.1%10.6%43.5%19.8%6.0%-0.3%-83.1M384.6M-12.4M1.513.4033,25250,051211,741223,276
2019-05-08$260.37$255.0016.9%4.8%10.7%36.9%17.7%5.6%-0.2%-36.6M-26.4M-12.5M0.873.6521,93219,154224,469229,687
2019-05-09$258.60$255.0017.5%5.0%11.0%40.2%17.4%5.8%-0.4%-77.3M325.3M-12.4M1.673.0630,99151,743228,513233,979
2019-05-10$259.44$255.0015.5%4.5%11.1%30.8%16.4%4.9%-0.1%-50.0M160.7M-12.0M0.933.8829,21627,117233,623244,988
2019-05-13$253.26$255.0018.8%5.3%13.3%45.7%18.2%5.8%-0.1%-85.0M987.5M-11.5M0.783.8740,89831,753221,330222,460
2019-05-14$255.92$255.0016.5%4.8%14.0%35.4%17.3%5.5%0.3%-5.4M418.1M-11.8M0.713.8233,07823,553249,659231,376
2019-05-15$257.16$255.0015.1%4.5%14.1%29.1%16.0%5.0%0.4%-33.3M367.3M-11.5M0.873.5420,08817,381242,667237,852
2019-05-16$259.04$255.0014.2%4.2%14.4%24.7%15.3%4.5%0.5%29.5M13.1M-11.5M1.213.1423,19628,136246,663244,187
2019-05-17$257.68$255.0014.7%4.2%14.4%26.9%15.2%4.6%0.2%-57.6M432.6M-11.7M0.912.8122,42520,488241,974255,090
2019-05-20$256.70$255.0015.4%4.4%14.4%30.2%17.2%5.1%-0.2%-69.2M239.2M-11.3M1.582.9211,25817,772211,379208,348
2019-05-21$258.61$255.0014.0%4.0%14.6%23.7%13.4%4.7%-0.1%-36.3M-122.5M-11.2M0.833.3416,27213,494214,492213,483
2019-05-22$257.95$255.0013.9%4.0%14.6%23.1%14.7%4.5%-0.1%-47.0M-35.8M-11.1M1.123.0211,46812,819221,047214,513
2019-05-23$254.29$255.0016.5%4.7%15.2%35.2%17.2%5.2%-0.2%-136.1M641.0M-11.2M1.643.5523,07237,937224,720215,597
2019-05-24$256.01$255.0015.2%4.4%15.5%29.3%16.0%4.9%-0.1%-76.0M264.2M-11.2M1.783.5314,88126,526228,000223,477
2019-05-28$253.94$255.0016.3%4.8%15.6%34.2%17.6%5.4%-0.1%-96.2M574.6M-11.0M1.444.5413,43419,390211,618214,539
2019-05-29$251.36$255.0017.1%5.0%15.9%38.3%17.8%5.0%-0.2%-118.8M947.6M-10.9M1.203.7333,91240,752217,990220,549
2019-05-30$251.66$255.0016.5%4.9%15.9%35.5%16.0%4.9%-0.0%-98.4M804.9M-11.3M1.073.1025,22626,924227,733230,836
2019-05-31$248.68$255.0017.9%5.3%16.1%41.7%18.3%4.9%-0.1%-117.7M1.29B-11.2M2.624.1620,78354,436238,372236,162