DUG Options History — February 2008

In February 2008, DUG traded between $14320.00 and $19156.00. ATM implied volatility averaged 59.0%. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 1.7% (HV 20d: 57.3%). Max pain ranged from $15200.00 to $18000.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2008-02-25: Highest Volume — 6 contracts
  • 2008-02-14: Largest IV spike — 25.7% change
  • 2008-02-05: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16576.40$14320.00$19156.00$17700.00$14804.00
Max Pain$17040.00$15200.00$18000.00$16000.00$15200.00
ATM IV59.0%47.8%80.1%59.8%52.3%
Expected Move17.1%14.8%20.6%17.2%15.0%
HV 20d57.3%49.4%66.6%62.6%52.7%
HV 60d54.5%53.5%56.7%56.7%54.9%
Term Structure-0.3%-20.6%16.7%-2.7%15.7%
VWIV59.8%53.7%72.7%61.8%53.7%
Skew 25d-6.7%-17.2%-0.9%-6.8%-4.3%
Skew 10d-8.9%-32.1%12.3%-10.8%-13.4%
Call IV 25d63.9%55.4%84.8%64.8%59.2%
Put IV 25d57.2%43.0%83.9%58.0%54.9%
Bid-Ask Spread %59.4944.5390.2256.4264.87
Gamma HHI0.120.080.210.140.15
Net GEX146.0K32.8K266.1K178.5K262.6K
Net DEX-3.2M-8.2M240.5K-4.6M-5.6M
Net VEX-26.0K-49.7K-18.3K-20.6K-49.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.061.260.770.17
Total Volume2.60626
Total OI15.49311131

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$17700.00$16000.0059.8%17.2%62.6%0.0%61.8%-6.8%-2.7%178.5K-4.6M-20.6K0.7756.42N/AN/A1183
2008-02-04$17520.00$18000.0060.9%17.6%60.2%0.0%60.9%-0.9%4.5%171.6K-4.1M-22.6K0.3490.22N/AN/A0093
2008-02-05$18800.00$18000.0064.0%20.6%63.8%0.0%72.7%-5.7%-14.5%239.7K-6.6M-23.2K0.0960.27N/AN/A1093
2008-02-06$19156.00$18000.0080.1%19.2%63.8%0.0%67.3%-3.7%-4.0%260.7K-8.2M-24.6K0.6148.73N/AN/A1094
2008-02-07$18900.00$18000.0072.5%19.7%62.4%0.0%64.8%-6.5%-6.3%253.3K-7.7M-24.4K0.2355.24N/AN/A1094
2008-02-08$18360.00$18000.0060.1%17.6%64.0%0.0%64.4%-9.4%-2.4%266.1K-6.6M-24.9K0.0652.66N/AN/A00104
2008-02-11$17476.00$18000.0061.1%19.1%66.6%0.0%65.9%-7.2%-7.7%197.4K-4.3M-22.2K0.2270.51N/AN/A10104
2008-02-12$17420.00$18000.0060.0%18.0%65.2%0.0%63.9%-8.3%-2.1%158.5K-3.4M-21.6K0.4644.53N/AN/A10104
2008-02-13$16640.00$18000.0047.8%17.1%63.7%0.0%58.9%-1.4%9.1%72.2K-1.2M-19.8K1.2648.18N/AN/A11104
2008-02-14$16560.00$18000.0060.0%17.2%59.0%0.0%59.5%-7.7%-7.1%48.2K-995.2K-19.4K0.1046.31N/AN/A10104
2008-02-15$16672.00$18000.0057.9%16.6%52.4%0.0%58.4%-5.7%-6.7%37.2K-1.3M-19.9K0.1746.63N/AN/A10104
2008-02-19$15780.00$17600.0057.6%16.5%55.2%0.0%55.2%-7.1%-0.4%32.8K-638.4K-18.3K0.0862.86N/AN/A2063
2008-02-20$15400.00$16400.0061.4%17.6%49.8%0.0%54.6%-3.9%-20.6%50.6K-689.8K-19.2K0.2260.23N/AN/A2073
2008-02-21$16068.00$16400.0055.7%16.0%53.4%0.0%55.7%-5.0%3.6%91.7K-2.3M-23.2K0.4449.25N/AN/A3183
2008-02-22$15700.00$16000.0055.4%15.9%49.9%0.0%54.2%-7.6%3.8%92.2K-2.2M-27.5K0.1158.78N/AN/A4194
2008-02-25$14960.00$16000.0054.4%15.6%50.1%0.0%56.0%-6.1%7.4%105.5K-1.2M-28.5K0.1067.02N/AN/A51125
2008-02-26$14520.00$16000.0051.7%14.8%49.4%0.0%55.9%-8.1%16.7%128.6K-1.1M-32.3K0.2467.81N/AN/A41165
2008-02-27$14772.00$15600.0054.3%15.6%50.4%0.0%55.1%-11.0%4.6%184.5K-2.0M-36.9K1.2169.20N/AN/A23185
2008-02-28$14320.00$15600.0052.4%15.0%50.5%0.0%56.2%-17.2%3.7%89.1K240.5K-40.4K0.4170.01N/AN/A42208
2008-02-29$14804.00$15200.0052.3%15.0%52.7%0.0%53.7%-4.3%15.7%262.6K-5.6M-49.7K0.1764.87N/AN/A51238