DIA Options History — March 2025

In March 2025, DIA traded between $408.67 and $430.33. ATM implied volatility averaged 16.8%, placing in the 52.1% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.2% (HV 20d: 14.6%). Max pain ranged from $420.00 to $435.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.24.

Notable Days

  • 2025-03-13: Highest Volume — 71,969 contracts
  • 2025-03-10: Largest IV spike — 18.2% change
  • 2025-03-11: Highest IV Rank — 79.5%
  • 2025-03-11: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$421.33$408.67$430.33$430.33$420.60
Max Pain$425.71$420.00$435.00$435.00$420.00
ATM IV16.8%13.2%20.8%17.0%16.3%
Expected Move5.1%3.8%7.2%5.4%4.6%
HV 20d14.6%11.3%17.6%11.3%17.6%
HV 60d13.0%11.9%13.9%11.9%13.9%
IV Rank52.1%27.9%79.5%53.6%49.1%
IV Percentile90.2%63.9%99.6%98.4%91.7%
Term Structure-0.4%-2.1%0.2%0.1%-0.2%
VWIV18.5%14.7%25.4%19.8%15.4%
Skew 25d4.9%3.7%6.5%5.5%4.8%
Skew 10d10.6%8.7%14.1%12.4%10.2%
Call IV 25d14.4%11.3%17.7%14.2%14.2%
Put IV 25d19.3%15.0%24.1%19.7%19.0%
Bid-Ask Spread %16.206.2440.8412.5213.22
Gamma HHI0.030.020.090.030.03
Net GEX-38.8M-176.4M207.6M-73.0M47.3M
Net DEX719.4M-811.3M2.68B117.4M-14.9M
Net VEX-20.8M-22.5M-19.4M-22.1M-19.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.642.362.360.83
Total Volume44,638.33318,61171,96940,55852,014
Total OI457,345.095397,053511,652425,205422,959

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$430.33$435.0017.0%5.4%11.3%53.6%19.8%5.5%0.1%-73.0M117.4M-22.1M2.3612.5212,07828,480187,625237,580
2025-03-04$427.63$435.0016.9%5.3%11.4%52.5%20.0%5.4%-0.2%-122.5M611.1M-22.1M1.5617.7619,59130,469191,790243,348
2025-03-05$430.28$435.0016.5%5.3%11.8%49.9%18.9%5.0%-0.2%-77.0M23.2M-21.9M1.266.2413,99717,687199,045243,573
2025-03-06$425.41$433.0019.2%6.0%11.7%68.4%22.1%4.8%-2.1%-127.8M848.5M-22.5M1.166.8724,38128,366202,881249,777
2025-03-07$427.76$432.0017.6%5.5%12.1%57.4%19.8%5.2%0.2%-155.5M472.1M-22.0M1.137.0723,61326,752216,251254,436
2025-03-10$419.65$430.0020.8%7.1%13.3%79.1%25.4%6.5%-0.8%-102.1M1.37B-22.3M1.676.3521,52035,925202,047245,429
2025-03-11$416.46$430.0020.8%7.2%13.2%79.5%24.3%6.3%-0.9%-130.3M1.81B-21.7M0.8937.7535,12531,345210,592249,516
2025-03-12$414.67$430.0019.2%6.5%13.0%68.5%21.8%5.9%-0.7%-129.7M1.95B-21.0M0.6438.8930,45819,423223,098251,376
2025-03-13$408.67$430.0020.6%6.6%13.6%78.2%22.7%6.0%-1.3%-176.4M2.68B-20.3M0.9537.0736,82335,146232,959251,792
2025-03-14$414.77$429.0017.5%5.4%14.4%56.9%19.7%4.8%-0.5%-85.3M1.55B-20.7M1.1940.8426,49131,624248,731255,079
2025-03-17$420.27$420.0016.2%4.4%15.6%48.0%16.3%4.5%-0.4%8.3M721.2M-20.2M1.2110.5720,38524,592225,305244,535
2025-03-18$416.58$420.0017.0%4.7%15.7%53.5%19.0%4.7%-0.5%-45.9M1.33B-20.3M1.3610.7210,49214,238233,974254,901
2025-03-19$421.58$420.0015.3%4.3%16.5%41.8%15.4%4.2%-0.3%50.4M505.6M-20.4M1.4215.7311,19815,936239,408261,313
2025-03-20$420.38$420.0015.3%4.3%16.3%42.1%14.9%3.9%-0.4%-16.0M747.8M-20.2M0.6810.4922,77015,411241,919269,733
2025-03-21$418.57$420.0014.7%4.2%15.2%38.2%15.1%4.0%-0.4%-137.8M1.40B-19.8M1.1013.8416,33317,952240,458270,133
2025-03-24$425.68$420.0013.2%3.8%16.6%27.9%14.9%3.8%0.1%207.6M-811.3M-19.4M1.7610.1812,65022,313186,935210,118
2025-03-25$425.36$420.0013.2%3.8%16.5%27.9%17.9%3.7%0.1%162.8M-620.6M-19.6M1.4210.687,70210,909188,330226,595
2025-03-26$423.90$420.0014.3%4.1%16.5%35.2%14.8%4.3%-0.1%106.7M-352.2M-20.1M1.6210.6813,20521,350190,272232,259
2025-03-27$423.85$420.0014.3%4.1%16.5%35.5%14.7%4.2%-0.1%68.2M-272.8M-19.7M0.7312.6317,08612,547192,505235,938
2025-03-28$415.53$421.0016.6%4.7%17.4%51.1%16.4%4.6%-0.1%-86.1M1.03B-19.9M1.0310.1233,95635,072202,509237,223
2025-03-31$420.60$420.0016.3%4.6%17.6%49.1%15.4%4.8%-0.2%47.3M-14.9M-19.7M0.8313.2228,39223,622194,907228,052