DIA Options History — November 2025

In November 2025, DIA traded between $458.46 and $483.50. ATM implied volatility averaged 15.0%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 2.5% (HV 20d: 12.5%). Max pain ranged from $450.00 to $468.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.57.

Notable Days

  • 2025-11-13: Highest Volume — 95,230 contracts
  • 2025-11-13: Largest IV spike — 15.5% change
  • 2025-11-20: Highest IV Rank — 26.0%
  • 2025-11-20: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$470.59$458.46$483.50$473.31$476.78
Max Pain$452.74$450.00$468.00$467.00$450.00
ATM IV15.0%12.6%18.5%14.1%12.6%
Expected Move4.3%3.8%5.3%4.0%3.8%
HV 20d12.5%10.3%14.3%11.5%14.3%
HV 60d10.6%9.8%11.3%9.9%11.2%
IV Rank14.6%7.0%26.0%11.7%7.0%
IV Percentile66.8%29.0%90.5%64.3%29.0%
Term Structure-0.1%-1.3%0.5%0.5%0.3%
VWIV16.1%13.4%21.3%14.1%15.3%
Skew 25d4.5%3.2%7.1%3.7%3.4%
Skew 10d9.9%7.4%14.4%7.6%7.6%
Call IV 25d13.1%11.5%15.7%12.7%11.5%
Put IV 25d17.6%14.8%22.8%16.4%14.8%
Bid-Ask Spread %9.553.3349.916.694.92
Gamma HHI0.050.020.230.040.23
Net GEX93.1M-145.0M817.5M33.5M817.5M
Net DEX-1.38B-3.57B744.9M-1.77B-2.94B
Net VEX-29.2M-31.9M-26.6M-28.0M-29.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.812.341.981.85
Total Volume59,166.42124,80595,23039,40924,805
Total OI525,720.474482,919577,289482,919555,472

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$473.31$467.0014.1%4.0%11.5%11.7%14.1%3.7%0.5%33.5M-1.77B-28.0M1.986.6913,21526,194168,720314,199
2025-11-04$471.41$467.0014.6%4.2%11.5%13.3%15.1%4.2%0.4%2.5M-1.42B-28.7M1.088.8022,56224,443173,838319,737
2025-11-05$474.20$468.0014.0%4.0%11.7%11.3%15.5%3.7%0.5%89.0M-2.04B-28.1M1.495.5614,98522,304178,894322,171
2025-11-06$469.71$450.0015.0%4.4%12.0%14.7%14.9%4.3%0.4%4.6M-1.40B-28.4M1.027.5731,45632,007181,912327,304
2025-11-07$469.42$450.0014.7%4.3%10.4%13.6%15.9%4.2%0.4%28.5M-1.42B-28.6M1.5212.3222,77434,639192,910328,435
2025-11-10$473.75$450.0013.3%3.9%10.3%9.1%14.0%3.6%0.1%144.4M-2.07B-27.2M0.817.0526,05721,222176,084312,317
2025-11-11$479.61$450.0012.8%3.8%11.0%7.7%13.4%3.2%0.3%330.7M-3.17B-26.6M1.537.3627,03141,478182,575318,316
2025-11-12$483.50$450.0013.7%3.9%11.2%10.4%14.4%3.3%-0.1%363.7M-3.57B-27.6M1.657.0035,25658,035185,433331,708
2025-11-13$475.12$450.0015.8%4.5%12.7%17.3%15.8%4.2%-0.2%-77.9M-1.49B-29.7M2.349.2928,51066,720195,562355,911
2025-11-14$472.00$450.0015.4%4.5%12.9%16.0%14.9%4.5%0.2%-44.3M-716.2M-29.4M1.158.6733,73438,948204,126359,835
2025-11-17$465.82$450.0017.0%4.9%13.2%21.1%19.0%5.4%-0.8%-98.0M-300.5M-30.1M1.256.6722,34227,825184,380332,854
2025-11-18$462.04$450.0018.1%5.2%13.4%24.7%17.7%5.9%-1.3%-136.4M251.9M-30.5M1.486.9221,96732,565188,674339,263
2025-11-19$461.59$450.0017.7%5.1%13.1%23.2%19.2%5.8%-1.2%-127.5M274.9M-30.5M2.146.1821,16745,375196,695342,645
2025-11-20$458.46$450.0018.5%5.3%13.2%26.0%21.3%7.1%-0.7%-145.0M744.9M-31.9M1.8113.5629,70753,713204,121350,465
2025-11-21$463.14$450.0016.0%4.6%13.1%17.7%17.4%6.1%-0.2%11.8M-16.0M-31.2M2.295.8618,78042,929213,463363,826
2025-11-24$464.81$450.0014.9%4.4%13.0%14.3%18.6%5.2%-0.1%-4.9M-648.6M-30.5M2.2249.9113,12729,181183,980334,054
2025-11-25$471.34$450.0013.6%4.1%13.9%10.2%16.0%4.2%0.1%188.2M-1.82B-30.0M1.183.7729,42434,846187,698339,511
2025-11-26$475.14$450.0012.8%3.9%14.2%7.5%14.2%3.5%-0.0%387.5M-2.62B-29.3M0.983.3327,64127,198191,991349,610
2025-11-28$476.78$450.0012.6%3.8%14.3%7.0%15.3%3.4%0.3%817.5M-2.94B-29.2M1.854.928,71816,087201,036354,436