DIA Options History — February 2025

In February 2025, DIA traded between $432.53 and $448.62. ATM implied volatility averaged 12.5%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 2.2% (HV 20d: 10.2%). Max pain ranged from $430.00 to $436.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.23.

Notable Days

  • 2025-02-21: Highest Volume — 88,601 contracts
  • 2025-02-21: Largest IV spike — 15.0% change
  • 2025-02-27: Highest IV Rank — 45.6%
  • 2025-02-27: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$442.01$432.53$448.62$444.85$435.98
Max Pain$432.79$430.00$436.00$436.00$435.00
ATM IV12.5%10.8%15.8%13.4%14.5%
Expected Move3.7%3.2%4.8%4.0%4.4%
HV 20d10.2%7.9%12.2%11.7%10.5%
HV 60d11.8%11.4%13.6%13.6%11.7%
IV Rank22.7%11.1%45.6%29.0%36.3%
IV Percentile57.4%23.0%95.2%75.0%84.5%
Term Structure-0.0%-0.5%0.6%0.1%0.3%
VWIV13.2%10.9%17.4%14.1%16.2%
Skew 25d3.9%2.7%5.2%4.8%4.8%
Skew 10d8.0%0.6%12.4%12.4%10.5%
Call IV 25d10.8%9.5%13.7%11.6%12.1%
Put IV 25d14.7%12.2%18.9%16.4%16.9%
Bid-Ask Spread %10.315.7523.8910.0010.96
Gamma HHI0.040.030.120.040.04
Net GEX78.2M-330.0M261.7M35.0M112.5M
Net DEX-1.90B-3.28B166.1M-2.21B-884.6M
Net VEX-20.7M-22.2M-18.5M-21.7M-22.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.572.411.192.41
Total Volume43,559.42121,64088,60162,66052,867
Total OI439,045410,159475,367418,880453,834

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$444.85$436.0013.4%4.0%11.7%29.0%14.1%4.8%0.1%35.0M-2.21B-21.7M1.1910.0028,57234,088184,223234,657
2025-02-04$445.44$436.0011.9%3.6%11.6%18.7%13.1%4.0%0.1%62.4M-2.52B-21.4M1.7711.6710,70618,909196,782239,245
2025-02-05$448.62$436.0011.1%3.3%11.7%13.7%13.1%3.3%0.6%157.8M-3.28B-20.0M1.465.7514,19820,758197,508238,589
2025-02-06$446.87$430.0011.4%3.5%11.6%15.4%13.2%3.0%0.3%72.5M-2.91B-20.2M0.779.5924,40718,831200,146246,103
2025-02-07$443.14$430.0012.0%3.4%12.2%19.3%12.6%3.3%0.2%-25.5M-1.95B-21.0M1.0710.1823,28725,005211,240250,012
2025-02-10$444.88$430.0011.5%3.4%10.3%16.3%10.9%3.5%0.2%128.2M-2.41B-20.4M0.998.8416,80716,666192,367227,971
2025-02-11$446.10$430.0011.4%3.4%10.2%15.6%12.5%3.0%0.4%170.1M-2.60B-20.6M1.758.297,86113,779199,051235,817
2025-02-12$443.23$430.0011.7%3.3%10.7%17.4%11.9%3.4%-0.1%79.2M-2.07B-20.5M0.988.5318,60018,264200,156239,213
2025-02-13$447.51$430.0011.0%3.2%8.8%12.5%11.9%3.1%0.2%261.7M-3.04B-19.8M0.8110.9317,80414,427204,710238,966
2025-02-14$445.49$430.0010.8%3.2%9.0%11.1%11.0%2.7%0.3%142.1M-2.59B-20.0M1.149.8114,34416,286211,122243,912
2025-02-18$445.31$430.0011.6%3.3%8.7%16.5%11.7%3.4%-0.2%198.6M-2.58B-18.5M1.519.2510,26415,541198,577230,520
2025-02-19$446.31$430.0011.5%3.3%7.9%16.4%11.6%3.0%-0.3%221.4M-2.78B-18.8M1.049.5318,79519,620201,502238,625
2025-02-20$441.79$435.0011.7%3.4%8.7%17.4%12.2%3.2%-0.5%88.7M-1.72B-20.1M0.579.1246,95826,949210,749247,193
2025-02-21$433.96$435.0013.4%3.9%10.4%29.3%13.8%4.7%-0.4%-330.0M166.1M-21.3M0.855.9347,79940,802223,982251,385
2025-02-24$435.21$435.0013.7%4.1%10.5%31.3%14.1%4.8%-0.3%38.6M-798.6M-20.9M1.0310.5816,67817,149189,099221,060
2025-02-25$435.73$435.0014.2%4.3%10.1%34.9%14.9%5.2%-0.4%50.5M-826.0M-21.6M1.638.9016,36326,595193,602224,681
2025-02-26$435.15$435.0014.3%4.3%9.8%35.1%15.5%4.8%-0.4%39.1M-784.5M-21.5M1.0014.1820,04720,039198,258228,944
2025-02-27$432.53$435.0015.8%4.8%10.0%45.6%17.4%5.2%-0.4%-16.9M-362.7M-21.9M1.4623.8923,43334,131204,210233,844
2025-02-28$435.98$435.0014.5%4.4%10.5%36.3%16.2%4.8%0.3%112.5M-884.6M-22.2M2.4110.9615,48637,381212,721241,113