DIA Options History — February 2023

In February 2023, DIA traded between $326.87 and $342.33. ATM implied volatility averaged 16.0%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 4.2% (HV 20d: 11.8%). Max pain ranged from $335.00 to $335.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.47.

Notable Days

  • 2023-02-17: Highest Volume — 87,123 contracts
  • 2023-02-21: Largest IV spike — 16.1% change
  • 2023-02-22: Highest IV Rank — 32.3%
  • 2023-02-22: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$336.49$326.87$342.33$342.33$326.87
Max Pain$335.00$335.00$335.00$335.00$335.00
ATM IV16.0%14.2%18.3%14.2%16.7%
Expected Move4.7%4.3%5.2%4.5%4.9%
HV 20d11.8%9.5%14.0%13.6%11.9%
HV 60d14.5%13.6%16.3%16.3%13.6%
IV Rank16.2%3.9%32.3%3.9%21.3%
IV Percentile14.9%1.2%38.5%1.2%22.6%
Term Structure0.1%-0.5%0.9%0.4%-0.3%
VWIV17.5%15.9%19.0%16.1%17.2%
Skew 25d4.2%3.3%5.5%3.5%4.3%
Skew 10d9.0%7.1%11.6%7.4%8.5%
Call IV 25d14.2%12.7%16.0%12.7%14.6%
Put IV 25d18.4%16.1%21.5%16.1%18.9%
Bid-Ask Spread %10.622.4526.234.502.48
Gamma HHI0.060.050.070.050.06
Net GEX-97.7M-260.2M46.7M926.7K-214.8M
Net DEX129.0M-924.5M1.56B-924.5M1.51B
Net VEX-17.9M-18.5M-16.9M-18.0M-16.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.772.281.351.71
Total Volume61,115.73737,64687,12360,55246,642
Total OI608,466.105510,253666,940618,611540,295

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$342.33$335.0014.2%4.5%13.6%3.9%16.1%3.5%0.4%926.7K-924.5M-18.0M1.354.5025,81634,736234,898383,713
2023-02-02$339.58$335.0015.1%4.5%14.0%9.6%17.3%3.3%0.3%-55.1M-352.9M-18.4M1.249.7337,43546,271238,181390,192
2023-02-03$338.38$335.0014.9%4.4%14.0%8.5%17.1%3.7%0.3%-59.1M-98.4M-18.5M0.8625.8341,81335,995251,619405,845
2023-02-06$338.54$335.0015.0%4.4%11.7%8.9%18.9%3.9%0.3%-98.8M-92.9M-18.4M1.5421.3216,98426,149242,297376,338
2023-02-07$341.21$335.0014.3%4.3%11.9%4.5%16.1%3.6%0.7%-23.4M-667.3M-18.2M1.3826.2329,55640,858248,535383,576
2023-02-08$339.36$335.0015.4%4.5%12.1%11.7%17.1%4.0%0.4%-72.6M-287.7M-18.5M1.2016.1417,73421,335255,268385,336
2023-02-09$337.27$335.0016.4%4.9%12.0%19.3%17.4%4.1%0.9%-146.2M191.0M-18.5M1.1222.3629,92133,513259,645388,531
2023-02-10$338.76$335.0016.2%4.7%11.8%17.7%18.3%4.1%0.3%-96.8M-173.0M-18.5M1.8923.7924,18245,739265,440392,440
2023-02-13$342.30$335.0016.6%4.8%12.3%20.4%17.6%4.5%-0.4%22.3M-862.0M-18.4M1.5313.5321,09832,302253,133377,492
2023-02-14$341.74$335.0015.3%4.4%11.5%11.4%17.0%4.0%-0.2%46.7M-901.6M-17.6M2.263.4915,51234,985258,064385,435
2023-02-15$341.17$335.0014.9%4.3%9.5%8.6%15.9%4.0%0.0%19.3M-713.1M-17.6M0.778.8921,21916,427260,094395,700
2023-02-16$337.97$335.0015.4%4.4%9.9%12.3%16.6%4.3%0.6%-86.3M6.0M-17.7M0.946.8626,13124,513265,505399,684
2023-02-17$337.89$335.0015.6%4.4%9.8%13.2%18.3%4.3%0.8%-134.6M122.8M-17.6M1.522.5134,52952,594265,577401,363
2023-02-21$332.01$335.0018.1%5.2%11.3%30.7%19.0%5.4%-0.4%-167.3M934.5M-17.6M1.412.5627,55438,901229,016281,237
2023-02-22$329.67$335.0018.3%5.2%11.5%32.3%18.6%5.5%-0.5%-198.2M1.26B-17.7M1.262.4525,10931,679234,001290,021
2023-02-23$331.63$335.0016.9%4.8%11.7%22.7%17.8%4.7%-0.4%-165.7M840.1M-17.4M1.553.0128,24543,787241,850295,768
2023-02-24$327.74$335.0017.7%5.0%12.1%28.2%18.5%4.7%-0.4%-260.2M1.56B-17.4M2.282.8424,47255,775250,913304,783
2023-02-27$328.93$335.0016.9%4.9%12.0%22.5%17.3%4.5%0.0%-166.1M1.10B-17.0M2.103.1916,68035,008236,136292,935
2023-02-28$326.87$335.0016.7%4.9%11.9%21.3%17.2%4.3%-0.3%-214.8M1.51B-16.9M1.712.4817,21229,430240,757299,538