DIA Options History — July 2025

In July 2025, DIA traded between $440.98 and $449.75. ATM implied volatility averaged 13.2%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 1.2% (HV 20d: 12.0%). Max pain ranged from $423.00 to $440.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2025-07-01: Highest Volume — 85,321 contracts
  • 2025-07-07: Largest IV spike — 11.2% change
  • 2025-07-07: Highest IV Rank — 15.0%
  • 2025-07-07: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$445.01$440.98$449.75$445.53$442.40
Max Pain$433.95$423.00$440.00$423.00$440.00
ATM IV13.2%12.0%14.7%13.5%12.8%
Expected Move3.7%3.3%4.1%3.6%3.7%
HV 20d12.0%9.7%14.1%12.7%9.7%
HV 60d16.1%12.3%27.2%27.2%12.3%
IV Rank9.1%4.9%15.0%11.2%7.4%
IV Percentile40.9%22.6%65.9%50.0%32.5%
Term Structure0.0%-0.4%0.6%0.1%-0.1%
VWIV13.7%12.3%15.8%14.2%13.2%
Skew 25d3.6%2.9%4.0%3.4%3.9%
Skew 10d8.1%6.4%9.9%7.1%8.0%
Call IV 25d11.7%10.6%12.9%12.1%11.0%
Put IV 25d15.3%13.7%16.9%15.5%14.9%
Bid-Ask Spread %8.794.0431.694.047.86
Gamma HHI0.060.030.260.060.03
Net GEX122.4M-18.9M348.5M200.5M-18.9M
Net DEX-1.44B-2.34B-690.9M-2.16B-772.1M
Net VEX-24.0M-25.3M-21.7M-21.7M-24.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.151.521.100.54
Total Volume37,398.86416,34285,32185,32142,030
Total OI437,240.318377,610465,540377,610453,261

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$445.53$423.0013.5%3.6%12.7%11.2%14.2%3.4%0.1%200.5M-2.16B-21.7M1.104.0440,56644,755144,243233,367
2025-07-02$444.64$425.0013.4%3.6%12.7%11.0%13.4%3.4%0.0%132.1M-1.78B-23.5M1.524.2216,26324,768153,714265,919
2025-07-03$448.65$430.0013.2%3.8%12.9%10.3%14.5%3.2%0.1%167.0M-2.34B-23.3M0.459.2628,52212,880159,159279,345
2025-07-07$443.08$430.0014.7%4.1%13.8%15.0%15.8%4.0%-0.4%49.1M-1.28B-23.3M1.278.1515,45319,596148,400268,022
2025-07-08$442.58$430.0013.9%3.8%13.6%11.8%14.1%3.5%-0.3%59.0M-1.22B-23.6M0.328.6632,63810,593154,806273,535
2025-07-09$444.40$430.0013.2%3.8%13.6%9.8%14.2%3.1%0.0%348.5M-1.67B-23.7M0.559.0828,95415,995167,427276,889
2025-07-10$447.18$430.0013.0%3.8%13.7%8.1%13.5%2.9%0.6%246.1M-1.99B-23.6M0.698.8222,45715,488163,987284,301
2025-07-11$443.89$435.0013.2%3.8%14.1%8.8%13.4%3.2%-0.1%150.2M-1.28B-23.9M0.988.9215,92415,649171,669291,680
2025-07-14$444.25$435.0013.8%3.9%14.1%10.7%14.5%3.6%0.3%58.0M-1.16B-24.1M0.978.638,2788,064151,477280,298
2025-07-15$440.98$435.0014.0%4.0%12.3%11.6%15.0%4.0%-0.0%-13.3M-690.9M-24.2M1.058.2021,15222,269154,443283,803
2025-07-16$442.40$435.0014.2%4.1%12.0%12.3%14.6%3.9%-0.1%38.7M-962.3M-24.4M0.8931.6913,38311,943160,832291,606
2025-07-17$444.90$435.0013.3%3.8%11.6%9.2%14.2%3.8%0.2%98.3M-1.31B-24.7M0.438.3625,63710,980162,846294,344
2025-07-18$442.89$435.0013.0%3.7%11.9%8.1%13.0%4.0%0.6%40.5M-982.0M-25.3M0.725.8721,17015,224168,207297,333
2025-07-21$443.44$435.0013.3%3.7%11.6%9.0%13.1%3.9%-0.0%76.5M-1.09B-25.1M0.707.0213,2199,279152,615264,616
2025-07-22$445.32$435.0013.1%3.7%11.5%8.4%13.3%3.4%-0.3%104.4M-1.35B-24.9M1.0914.148,1928,954157,274268,434
2025-07-23$449.75$435.0012.3%3.4%10.7%5.7%12.5%3.2%-0.0%221.1M-2.08B-23.8M0.727.0117,00112,212158,536271,977
2025-07-24$447.17$436.0012.3%3.5%10.8%6.0%12.3%3.3%0.1%125.2M-1.67B-24.2M0.516.4122,78411,623162,857275,910
2025-07-25$449.26$438.0012.0%3.3%10.6%4.9%12.8%3.1%0.1%224.7M-2.03B-23.9M0.686.6419,60713,369172,908280,030
2025-07-28$448.05$440.0012.3%3.4%10.4%5.7%12.6%3.3%0.0%117.2M-1.56B-23.6M0.344.9424,0928,085155,059267,410
2025-07-29$446.01$440.0012.6%3.6%10.3%6.8%12.7%3.8%-0.1%174.3M-1.35B-24.2M0.155.6645,4026,844170,481271,698
2025-07-30$443.36$440.0013.2%3.8%9.7%8.8%13.8%3.9%-0.2%93.6M-921.2M-24.5M0.479.7428,19113,290181,296273,273
2025-07-31$442.40$440.0012.8%3.7%9.7%7.4%13.2%3.9%-0.1%-18.9M-772.1M-24.2M0.547.8627,36114,669176,950276,311