DIA Options History — February 2024

In February 2024, DIA traded between $381.89 and $391.63. ATM implied volatility averaged 10.7%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded above realized volatility by 1.1% (HV 20d: 9.6%). Max pain ranged from $363.00 to $375.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.26.

Notable Days

  • 2024-02-09: Highest Volume — 69,245 contracts
  • 2024-02-13: Largest IV spike — 11.5% change
  • 2024-02-13: Highest IV Rank — 22.5%
  • 2024-02-13: Largest Expected Move — 3.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$387.08$381.89$391.63$384.88$390.27
Max Pain$369.80$363.00$375.00$363.00$375.00
ATM IV10.7%10.0%11.9%10.6%10.3%
Expected Move3.1%3.0%3.4%3.1%3.1%
HV 20d9.6%7.8%11.2%7.8%10.6%
HV 60d8.4%7.5%8.9%8.2%8.4%
IV Rank12.4%6.7%22.5%11.6%9.3%
IV Percentile26.3%7.1%50.8%23.0%16.7%
Term Structure0.0%-0.4%0.4%0.1%-0.4%
VWIV11.6%10.7%13.3%12.0%10.9%
Skew 25d2.0%1.4%2.6%2.0%1.6%
Skew 10d5.0%3.9%7.0%5.3%4.0%
Call IV 25d10.0%9.6%11.0%9.9%9.9%
Put IV 25d12.0%11.0%13.6%11.9%11.5%
Bid-Ask Spread %8.897.899.959.918.83
Gamma HHI0.070.040.230.050.06
Net GEX182.7M-11.1M478.5M166.0M109.4M
Net DEX-3.10B-3.69B-1.97B-3.02B-3.24B
Net VEX-20.0M-21.6M-18.2M-20.7M-18.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.602.132.100.60
Total Volume44,976.620,16769,24564,85444,529
Total OI514,407.15488,065551,589501,894509,571

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$384.88$363.0010.6%3.1%7.8%11.6%12.0%2.0%0.1%166.0M-3.02B-20.7M2.109.9120,90443,950195,155306,739
2024-02-02$386.76$365.0010.3%3.1%7.9%9.2%12.0%1.9%0.3%478.5M-3.54B-20.2M1.218.6529,74235,841199,234313,680
2024-02-05$384.15$365.0010.4%3.1%8.3%9.5%11.6%2.1%0.3%90.7M-2.75B-20.5M1.128.9419,77522,237194,848301,001
2024-02-06$384.40$365.0010.4%3.1%8.2%10.0%10.9%1.9%0.2%127.3M-2.80B-21.2M0.818.7112,87110,391202,895306,238
2024-02-07$386.92$365.0010.1%3.0%8.2%7.2%11.1%1.6%0.3%293.6M-3.54B-20.0M1.388.9517,99224,752208,333309,868
2024-02-08$387.20$366.0010.0%3.0%8.2%6.7%10.7%1.5%0.4%266.3M-3.52B-20.0M1.149.3718,02320,475211,798321,569
2024-02-09$386.38$367.0010.1%3.0%8.3%7.1%10.7%1.4%0.3%246.7M-3.35B-20.1M1.209.1831,46737,778215,356324,138
2024-02-12$388.18$369.0010.6%3.1%8.2%11.9%11.8%2.0%0.0%281.7M-3.53B-20.2M1.279.3315,37119,479206,022310,125
2024-02-13$381.89$370.0011.9%3.4%9.9%22.5%12.5%2.6%-0.1%-11.1M-1.97B-21.6M1.309.9524,65032,034208,190315,126
2024-02-14$384.00$370.0010.9%3.1%10.0%14.5%12.6%2.5%0.1%136.4M-2.62B-20.9M1.099.2918,46620,104217,443316,558
2024-02-15$387.85$370.0011.1%3.2%10.3%15.9%11.3%2.0%-0.0%399.3M-3.59B-20.6M0.639.0240,62725,418217,991323,930
2024-02-16$386.25$370.0011.1%3.2%10.0%16.1%11.2%2.0%0.0%39.0M-2.71B-20.7M1.397.8923,53832,646217,433334,156
2024-02-20$385.27$372.0011.7%3.4%10.0%21.0%12.5%2.5%0.0%84.7M-2.57B-20.9M2.138.3410,29821,955202,106294,469
2024-02-21$385.00$372.0011.5%3.3%10.0%19.6%13.3%2.4%-0.1%72.2M-2.51B-20.5M1.188.5717,32620,433204,015300,250
2024-02-22$390.60$372.0010.9%3.2%11.1%14.5%12.6%2.0%-0.1%283.1M-3.62B-19.3M1.198.4527,70533,046199,830302,256
2024-02-23$391.63$375.0010.5%3.0%11.1%10.7%11.1%1.9%-0.2%254.7M-3.69B-19.4M1.738.3818,69032,309205,697311,862
2024-02-26$391.05$375.0010.6%3.1%11.1%11.4%11.5%1.9%-0.1%173.9M-3.42B-18.3M1.588.447,80712,360193,023295,042
2024-02-27$389.64$375.0010.3%3.0%11.2%8.7%10.8%1.8%-0.3%76.5M-3.02B-18.7M1.308.8911,17914,505194,068299,733
2024-02-28$389.32$375.0010.5%3.1%11.0%10.6%11.2%1.7%-0.3%85.6M-3.00B-18.7M0.918.7815,12813,731197,560300,835
2024-02-29$390.27$375.0010.3%3.1%10.6%9.3%10.9%1.6%-0.4%109.4M-3.24B-18.2M0.608.8327,86116,668203,601305,970