DUG Options History — October 2008

In October 2008, DUG traded between $14820.00 and $29760.00. ATM implied volatility averaged 157.9%, placing in the 74.6% IV rank vs the trailing year. The 30-day expected move averaged 41.0%. IV traded below realized volatility by 61.9% (HV 20d: 219.8%). Max pain ranged from $15600.00 to $19200.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 0.58.

Notable Days

2008-10-06: Highest Volume — 41 contracts
2008-10-13: Largest IV drop — 32.0% change
2008-10-01: Highest IV Rank — 100.0%
2008-10-10: Largest Expected Move — 53.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19926.96	$14820.00	$29760.00	$15800.00	$14820.00
Max Pain	$18034.78	$15600.00	$19200.00	$15600.00	$18800.00
ATM IV	157.9%	107.2%	234.3%	107.2%	132.4%
Expected Move	41.0%	30.7%	53.2%	30.7%	38.0%
HV 20d	219.8%	134.0%	282.1%	134.0%	279.9%
HV 60d	143.9%	95.7%	181.4%	95.7%	181.4%
IV Rank	74.6%	47.1%	100.0%	100.0%	49.2%
IV Percentile	97.7%	93.3%	100.0%	100.0%	93.3%
Term Structure	-17.1%	-42.9%	1.6%	-15.7%	-4.6%
VWIV	147.9%	108.9%	182.4%	108.9%	142.6%
Skew 25d	-32.0%	-70.1%	-4.4%	-12.6%	-42.6%
Skew 10d	-45.3%	-98.7%	-5.0%	-14.6%	-68.0%
Call IV 25d	165.5%	114.3%	204.3%	114.3%	162.3%
Put IV 25d	133.5%	101.7%	182.0%	101.7%	119.7%
Bid-Ask Spread %	39.22	19.06	63.55	19.06	38.73
Gamma HHI	0.10	0.04	0.25	0.22	0.04
Net GEX	202.8K	45.0K	397.8K	154.8K	45.0K
Net DEX	-40.1M	-129.9M	7.9M	-7.2M	7.9M
Net VEX	-162.3K	-227.5K	-50.8K	-50.8K	-178.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.25	1.34	0.70	0.39
Total Volume	16.348	6	41	24	7
Total OI	82.522	29	112	29	106

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2008-10-01	$15800.00	$15600.00	107.2%	30.7%	134.0%	100.0%	108.9%	-12.6%	-15.7%	154.8K	-7.2M	-50.8K	0.70	19.06	N/A	N/A	14	10	18	11
2008-10-02	$17988.00	$15600.00	122.1%	35.0%	137.7%	100.0%	121.5%	-4.9%	-18.1%	211.1K	-21.0M	-77.6K	0.56	27.61	N/A	N/A	19	10	25	16
2008-10-03	$18064.00	$16000.00	127.2%	36.5%	137.7%	100.0%	125.8%	-10.0%	-23.6%	339.7K	-28.1M	-105.5K	0.71	33.52	N/A	N/A	19	13	34	21
2008-10-06	$19600.00	$16800.00	158.6%	36.7%	139.8%	100.0%	129.7%	-14.0%	-26.7%	309.8K	-42.8M	-115.0K	0.72	24.10	N/A	N/A	24	17	38	26
2008-10-07	$21600.00	$17600.00	156.9%	36.9%	143.1%	98.7%	125.9%	-4.4%	-26.3%	237.5K	-59.9M	-137.4K	0.64	31.12	N/A	N/A	16	10	43	33
2008-10-08	$21600.00	$17600.00	165.3%	35.4%	143.2%	100.0%	121.2%	-8.5%	-25.7%	309.6K	-62.7M	-155.2K	0.55	40.12	N/A	N/A	10	6	47	35
2008-10-09	$25880.00	$17600.00	211.4%	44.5%	149.8%	100.0%	148.2%	-7.6%	-36.3%	244.2K	-96.8M	-160.4K	0.30	61.90	N/A	N/A	9	3	51	37
2008-10-10	$29760.00	$17600.00	234.3%	53.2%	151.5%	100.0%	182.4%	-4.5%	-42.9%	175.9K	-129.9M	-158.9K	0.48	59.94	N/A	N/A	11	5	53	38
2008-10-13	$18880.00	$17600.00	159.4%	39.1%	228.5%	62.6%	153.3%	-26.5%	-22.3%	397.8K	-38.4M	-165.1K	1.34	63.55	N/A	N/A	5	7	53	40
2008-10-14	$19020.00	$18000.00	196.6%	38.8%	227.2%	81.2%	145.6%	-40.6%	-17.0%	294.9K	-33.7M	-169.5K	0.62	23.02	N/A	N/A	6	4	54	45
2008-10-15	$25060.00	$18800.00	216.7%	46.6%	243.4%	91.2%	165.8%	-29.9%	-24.9%	78.0K	-94.1M	-179.3K	0.32	55.17	N/A	N/A	11	4	57	46
2008-10-16	$21020.00	$18800.00	153.9%	44.1%	251.7%	59.9%	164.3%	-32.7%	-10.2%	368.4K	-65.9M	-177.9K	1.06	27.56	N/A	N/A	6	6	63	47
2008-10-17	$21232.00	$18800.00	169.1%	48.5%	251.4%	67.5%	175.3%	-45.0%	-26.8%	221.0K	-63.0M	-171.4K	0.67	43.52	N/A	N/A	14	9	63	49
2008-10-20	$16800.00	$18800.00	130.9%	37.5%	265.4%	48.4%	141.9%	-66.4%	-12.4%	74.2K	-6.8M	-153.3K	0.48	36.44	N/A	N/A	4	2	36	28
2008-10-21	$18080.00	$18800.00	128.3%	36.8%	259.2%	47.1%	134.0%	-44.2%	1.6%	96.4K	-11.7M	-164.9K	0.31	30.93	N/A	N/A	7	2	38	29
2008-10-22	$21592.00	$18400.00	147.8%	42.4%	265.7%	56.9%	151.0%	-37.5%	-4.6%	183.2K	-38.4M	-191.6K	0.39	33.00	N/A	N/A	13	5	42	30
2008-10-23	$19080.00	$18400.00	147.7%	42.3%	269.8%	56.8%	158.1%	-54.8%	-3.5%	194.8K	-28.5M	-195.6K	0.74	41.42	N/A	N/A	9	7	47	32
2008-10-24	$20620.00	$18800.00	157.6%	45.2%	268.9%	61.7%	161.1%	-54.0%	-14.6%	197.3K	-34.5M	-219.0K	0.41	29.57	N/A	N/A	8	3	50	37
2008-10-27	$22720.00	$19200.00	167.5%	48.0%	264.2%	66.7%	166.9%	-30.6%	-14.3%	221.6K	-49.9M	-227.5K	0.25	44.17	N/A	N/A	5	1	50	39
2008-10-28	$17200.00	$19200.00	140.7%	40.3%	281.9%	53.3%	166.2%	-70.1%	-6.7%	137.6K	-14.7M	-198.9K	0.62	46.07	N/A	N/A	6	4	53	40
2008-10-29	$16700.00	$19200.00	160.6%	46.0%	282.1%	63.2%	159.8%	-46.6%	-12.7%	117.6K	-6.7M	-195.7K	0.65	60.47	N/A	N/A	11	7	54	41
2008-10-30	$15204.00	$18800.00	138.9%	39.8%	279.9%	52.4%	151.2%	-48.0%	-4.8%	53.8K	3.6M	-185.1K	0.48	31.06	N/A	N/A	5	2	57	46
2008-10-31	$14820.00	$18800.00	132.4%	38.0%	279.9%	49.2%	142.6%	-42.6%	-4.6%	45.0K	7.9M	-178.1K	0.39	38.73	N/A	N/A	5	2	59	47