DIA Options History — April 2025

In April 2025, DIA traded between $372.25 and $422.43. ATM implied volatility averaged 24.6%, placing in the 55.0% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 13.8% (HV 20d: 38.4%). Max pain ranged from $400.00 to $420.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.36.

Notable Days

  • 2025-04-03: Highest Volume — 72,249 contracts
  • 2025-04-10: Largest IV spike — 49.1% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$398.37$372.25$422.43$419.26$404.24
Max Pain$406.67$400.00$420.00$420.00$400.00
ATM IV24.6%16.0%41.4%16.6%19.7%
Expected Move7.0%4.5%11.2%4.6%5.8%
HV 20d38.4%17.5%46.3%17.5%45.8%
HV 60d24.5%14.0%28.6%14.0%28.6%
IV Rank55.0%30.5%100.0%50.5%32.7%
IV Percentile96.1%89.7%100.0%92.9%91.7%
Term Structure-0.6%-2.2%0.2%-0.3%-0.1%
VWIV24.6%17.2%36.5%17.2%23.3%
Skew 25d8.3%4.9%16.2%4.9%6.2%
Skew 10d17.3%11.0%33.1%11.0%12.3%
Call IV 25d20.6%13.6%33.6%14.0%16.5%
Put IV 25d28.9%18.7%49.8%18.9%22.8%
Bid-Ask Spread %18.616.0849.8010.487.36
Gamma HHI0.030.020.040.020.03
Net GEX-65.1M-196.5M44.6M-577.0K-52.0M
Net DEX1.46B-42.1M3.38B308.8M761.8M
Net VEX-21.1M-23.3M-19.8M-20.5M-21.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.892.211.621.85
Total Volume36,424.8122,48872,24922,48826,063
Total OI399,773.81360,199446,479384,971388,310

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$419.26$420.0016.6%4.6%17.5%50.5%17.2%4.9%-0.3%-577.0K308.8M-20.5M1.6210.488,57213,916175,617209,354
2025-04-02$422.43$420.0016.0%4.5%17.6%46.7%17.5%5.1%-0.2%44.6M-42.1M-20.7M1.1110.9415,31016,962177,901216,823
2025-04-03$406.03$420.0021.3%6.0%22.1%82.8%20.9%6.6%-0.5%-196.5M1.91B-21.2M1.2915.7531,48140,768184,928226,012
2025-04-04$388.23$420.0030.8%8.2%26.5%100.0%27.6%11.6%-1.4%-108.1M3.16B-20.7M1.4936.4924,50036,514199,009221,129
2025-04-07$377.71$415.0036.5%9.8%27.3%100.0%33.2%13.1%-2.2%-94.7M3.15B-20.1M1.5349.8016,55025,344179,785215,199
2025-04-08$372.25$410.0041.4%11.2%27.5%100.0%36.5%16.2%-2.0%-91.5M3.38B-20.4M1.3027.6118,06523,442186,660219,362
2025-04-09$404.44$405.0023.6%6.5%41.8%44.9%23.5%8.4%-1.1%-63.7M1.13B-22.3M1.2627.9422,36828,235193,546226,116
2025-04-10$392.34$405.0035.2%9.8%42.8%80.8%34.3%15.0%-1.1%-76.0M2.08B-22.9M0.8926.9023,18020,733199,081234,275
2025-04-11$402.49$405.0028.8%8.2%43.5%61.0%27.9%10.7%0.2%-30.0M1.13B-23.3M1.1518.9312,73914,595210,386236,093
2025-04-14$407.19$405.0023.3%6.7%43.4%44.1%22.9%8.6%-0.6%-43.5M806.0M-21.9M1.5214.2910,97916,683186,557219,397
2025-04-15$404.05$405.0021.9%6.2%43.4%39.6%21.1%8.0%0.2%-89.9M1.14B-21.3M1.0914.7411,19712,181190,332224,211
2025-04-16$395.28$405.0025.2%7.2%43.7%49.9%25.1%8.8%-0.3%-120.3M1.94B-21.2M1.4113.6312,70517,881195,386225,457
2025-04-17$392.20$405.0023.3%6.7%43.7%44.1%23.4%7.8%-0.5%-126.1M2.18B-20.4M1.1110.0824,22726,826199,128224,546
2025-04-21$380.78$400.0026.9%7.7%44.7%55.1%26.4%6.7%-0.8%-99.7M2.31B-19.8M1.1414.1315,45817,618160,884203,613
2025-04-22$391.94$400.0024.4%7.1%45.7%47.5%25.2%6.5%-0.6%-55.2M1.44B-20.7M0.9420.8015,92815,003168,238206,497
2025-04-23$395.44$400.0023.0%6.8%45.9%43.2%23.3%6.1%-0.6%-35.1M1.12B-21.0M1.1615.2813,62215,758169,579210,387
2025-04-24$401.13$400.0020.6%6.0%46.3%35.6%22.7%5.8%-0.5%-3.3M706.5M-20.8M0.9713.5115,29814,844170,637214,458
2025-04-25$400.56$400.0019.7%5.8%46.3%32.8%21.1%5.8%-0.4%-76.1M781.8M-20.5M1.3529.7410,70314,494179,103215,973
2025-04-28$402.34$400.0019.7%5.9%45.9%32.8%22.9%5.9%-0.2%-26.7M775.5M-20.5M2.186.258,01217,485156,073204,126
2025-04-29$405.48$400.0019.0%5.6%45.8%30.5%20.7%5.9%0.0%-23.1M529.1M-20.8M2.216.0812,03526,647159,014212,068
2025-04-30$404.24$400.0019.7%5.8%45.8%32.7%23.3%6.2%-0.1%-52.0M761.8M-21.5M1.857.369,14016,923163,208225,102