DIA Options History — January 2025

In January 2025, DIA traded between $419.31 and $448.78. ATM implied volatility averaged 12.7%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 0.0% (HV 20d: 12.8%). Max pain ranged from $425.00 to $435.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.02.

Notable Days

  • 2025-01-23: Highest Volume — 67,863 contracts
  • 2025-01-15: Largest IV drop — 16.9% change
  • 2025-01-10: Highest IV Rank — 40.7%
  • 2025-01-10: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$434.91$419.31$448.78$423.99$445.28
Max Pain$432.60$425.00$435.00$425.00$435.00
ATM IV12.7%11.1%15.1%13.8%12.4%
Expected Move3.6%3.2%4.2%4.0%3.5%
HV 20d12.8%11.5%15.5%11.6%11.8%
HV 60d13.5%12.9%14.0%13.2%13.7%
IV Rank24.6%13.3%40.7%32.1%22.2%
IV Percentile65.2%38.5%91.3%81.7%62.7%
Term Structure-0.1%-0.6%0.3%0.1%0.3%
VWIV12.7%11.3%14.8%13.6%12.2%
Skew 25d3.4%2.6%4.1%3.6%3.4%
Skew 10d7.7%5.9%10.3%10.3%8.0%
Call IV 25d11.2%9.7%13.3%12.2%10.7%
Put IV 25d14.6%12.4%17.4%15.8%14.1%
Bid-Ask Spread %9.436.7114.327.639.77
Gamma HHI0.070.040.270.050.06
Net GEX242.7M-15.1M744.8M53.5M182.2M
Net DEX-2.32B-3.95B48.8M-888.3M-2.84B
Net VEX-19.9M-21.4M-18.9M-19.4M-21.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.391.910.701.43
Total Volume49,611.136,90067,86361,64363,192
Total OI452,645.5364,828525,396478,947451,097

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$423.99$425.0013.8%4.0%11.6%32.1%13.6%3.6%0.1%53.5M-888.3M-19.4M0.707.6336,21425,429237,643241,304
2025-01-03$426.99$425.0012.7%3.6%11.5%24.5%12.5%3.3%0.2%149.8M-1.52B-19.9M0.557.8323,80913,091248,501246,648
2025-01-06$426.47$434.0013.3%3.8%11.5%28.6%12.4%3.9%0.0%106.4M-1.33B-19.5M0.399.8431,10912,009231,596236,798
2025-01-07$424.36$434.0014.6%4.1%11.5%37.3%14.2%3.5%-0.1%64.7M-908.1M-19.7M0.9910.7019,17018,932233,245240,242
2025-01-08$425.87$434.0013.9%3.9%11.7%32.5%13.9%3.8%-0.0%81.7M-1.16B-19.5M0.9810.3424,69924,315239,233245,065
2025-01-10$419.31$434.0015.1%4.2%12.6%40.7%14.4%4.1%-0.1%-15.1M48.8M-19.2M1.159.9130,67535,376248,101246,510
2025-01-13$422.40$431.0014.8%4.1%13.1%38.4%14.8%3.7%-0.2%25.0M-693.5M-19.0M1.009.8818,92418,893229,874244,854
2025-01-14$424.07$431.0015.0%4.1%13.3%39.9%14.5%3.6%-0.5%64.0M-985.0M-19.0M0.6510.2023,21715,087233,597247,943
2025-01-15$432.81$431.0012.4%3.5%15.5%22.6%12.5%2.8%-0.3%357.6M-2.72B-18.9M0.7110.8936,93426,377241,281253,362
2025-01-16$432.10$432.0012.3%3.5%15.4%21.9%12.3%3.0%-0.4%317.7M-2.50B-19.3M0.8314.3226,27821,914244,638262,939
2025-01-17$435.22$432.0011.9%3.3%15.5%18.7%11.8%2.9%-0.4%744.8M-3.31B-20.1M0.8013.2531,34925,234254,190271,206
2025-01-21$440.04$432.0011.3%3.2%12.7%14.9%11.6%2.9%-0.0%420.1M-3.11B-19.5M0.7511.3625,27818,866183,057181,771
2025-01-22$441.52$433.0011.2%3.2%12.7%14.0%11.5%2.9%-0.1%434.4M-3.33B-19.3M0.466.8542,16919,522186,203191,200
2025-01-23$444.69$434.0011.1%3.2%12.6%13.3%11.4%2.8%0.0%430.8M-3.95B-19.8M1.036.8633,42534,438198,577201,827
2025-01-24$443.50$435.0011.1%3.2%12.7%13.3%11.3%2.6%0.1%331.6M-3.63B-20.4M1.786.8616,36429,159203,800220,492
2025-01-27$446.45$435.0012.6%3.7%12.7%23.8%13.5%3.8%-0.6%261.8M-3.27B-21.4M1.607.3115,82825,326187,262206,329
2025-01-28$448.78$435.0011.7%3.4%12.8%17.6%12.2%3.4%0.0%311.5M-3.69B-21.2M1.456.7117,88825,968190,502215,604
2025-01-29$447.51$435.0011.8%3.4%12.0%18.6%12.5%3.4%0.2%281.1M-3.45B-20.8M1.917.4714,97828,598194,467226,170
2025-01-30$446.85$435.0011.8%3.4%11.9%17.9%12.0%3.6%-0.1%251.1M-3.25B-21.1M1.1310.6719,76722,421198,883236,899
2025-01-31$445.28$435.0012.4%3.5%11.8%22.2%12.2%3.4%0.3%182.2M-2.84B-21.3M1.439.7726,03037,162206,975244,122