DIA Options History — April 2023

In April 2023, DIA traded between $332.62 and $340.47. ATM implied volatility averaged 14.2%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 1.5% (HV 20d: 12.6%). Max pain ranged from $327.00 to $335.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 1.55.

Notable Days

  • 2023-04-28: Highest Volume — 67,047 contracts
  • 2023-04-25: Largest IV spike — 15.0% change
  • 2023-04-26: Highest IV Rank — 18.6%
  • 2023-04-26: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$337.09$332.62$340.47$335.94$340.15
Max Pain$331.05$327.00$335.00$327.00$335.00
ATM IV14.2%12.5%15.7%14.9%12.5%
Expected Move4.0%3.6%4.5%4.1%3.6%
HV 20d12.6%9.7%17.2%17.2%11.5%
HV 60d13.5%13.1%14.5%14.5%13.5%
IV Rank5.2%0.0%18.6%8.2%0.0%
IV Percentile3.2%0.0%16.7%3.2%0.0%
Term Structure0.2%-0.6%0.6%0.2%0.3%
VWIV15.0%13.2%16.2%15.7%13.2%
Skew 25d4.6%3.9%5.6%4.8%4.2%
Skew 10d9.5%7.9%12.3%9.9%8.8%
Call IV 25d12.0%10.6%13.4%12.8%10.6%
Put IV 25d16.6%14.8%18.6%17.5%14.8%
Bid-Ask Spread %5.372.609.813.366.59
Gamma HHI0.040.030.080.040.08
Net GEX14.4M-154.6M188.0M75.5M188.0M
Net DEX-887.7M-1.61B293.2M-1.19B-1.25B
Net VEX-17.8M-18.5M-16.0M-18.2M-18.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.550.832.291.161.62
Total Volume47,409.05326,85067,04759,00767,047
Total OI500,207.737446,646533,225481,249520,375

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$335.94$327.0014.9%4.1%17.2%8.2%15.7%4.8%0.2%75.5M-1.19B-18.2M1.163.3627,33731,670190,040291,209
2023-04-04$333.31$329.0015.7%4.2%16.3%14.1%15.7%4.9%0.2%-16.8M-634.7M-18.5M2.062.9013,49727,805195,086300,655
2023-04-05$334.92$329.0014.9%4.0%16.4%8.2%15.1%4.6%0.3%25.4M-932.5M-18.3M2.172.8115,82234,302199,451307,163
2023-04-06$334.54$330.0014.9%4.4%15.1%4.7%15.4%4.5%0.2%-21.7M-795.7M-18.2M1.629.8123,72438,439206,177321,167
2023-04-10$335.35$330.0015.2%4.4%13.9%6.7%16.1%4.5%0.2%-15.8M-709.8M-17.9M2.298.229,09020,818189,494297,750
2023-04-11$337.14$330.0015.0%4.5%13.9%5.9%15.9%4.5%0.5%17.9M-981.4M-17.8M1.908.579,94718,913191,567304,194
2023-04-12$336.51$330.0014.8%4.4%14.0%3.8%16.2%4.5%0.6%-31.6M-820.8M-17.7M1.559.7822,02234,138193,719311,019
2023-04-13$340.47$330.0014.1%4.1%13.9%0.0%15.1%4.2%0.1%104.1M-1.61B-17.5M0.985.7029,03628,429199,519317,381
2023-04-14$338.91$330.0013.4%3.9%13.3%0.0%14.7%4.0%0.0%69.6M-1.40B-17.4M1.056.4232,40133,896210,645322,580
2023-04-17$339.35$330.0013.3%3.8%11.4%0.0%14.4%4.3%0.2%53.0M-1.27B-17.1M1.433.9114,47720,658192,105299,633
2023-04-18$339.86$330.0013.1%3.8%10.9%0.0%14.8%3.9%-0.0%62.1M-1.35B-17.3M1.848.8311,16120,539197,836308,875
2023-04-19$338.41$330.0012.9%3.7%10.7%0.0%14.8%4.2%0.5%35.8M-1.17B-16.0M1.904.659,25717,593200,522313,476
2023-04-20$337.13$330.0014.5%4.2%10.0%11.0%15.4%4.5%-0.6%-63.2M-679.7M-17.7M0.834.6227,32722,570201,946319,169
2023-04-21$337.72$330.0012.9%3.6%9.7%0.1%13.4%4.4%0.6%-40.1M-581.9M-17.5M1.503.4016,77725,162201,958323,695
2023-04-24$338.61$335.0012.9%3.7%9.7%0.1%13.5%4.6%0.1%12.6M-781.6M-17.5M1.442.6012,22217,584179,429267,217
2023-04-25$335.56$335.0014.8%4.2%10.3%13.3%15.2%5.6%-0.1%-82.4M-195.9M-18.1M1.193.1019,53423,211185,310276,152
2023-04-26$332.62$335.0015.6%4.5%10.7%18.6%15.6%5.6%-0.2%-154.6M293.2M-18.3M1.672.7321,90836,503195,453278,513
2023-04-27$338.12$335.0013.5%3.9%11.4%3.9%15.0%4.8%-0.0%55.3M-805.7M-18.3M1.364.0127,91338,043203,046290,421
2023-04-28$340.15$335.0012.5%3.6%11.5%0.0%13.2%4.2%0.3%188.0M-1.25B-18.4M1.626.5925,57541,472210,993309,382