DUG Options History — March 2009

In March 2009, DUG traded between $9080.00 and $13800.00. ATM implied volatility averaged 91.8%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 26.4%. IV traded below realized volatility by 8.1% (HV 20d: 99.9%). Max pain ranged from $11200.00 to $12400.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.56.

Notable Days

  • 2009-03-23: Highest Volume — 24 contracts
  • 2009-03-30: Largest IV spike — 11.0% change
  • 2009-03-02: Highest IV Rank — 40.0%
  • 2009-03-02: Largest Expected Move — 32.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11281.27$9080.00$13800.00$13800.00$10576.00
Max Pain$11763.64$11200.00$12400.00$11200.00$11200.00
ATM IV91.8%75.7%114.1%114.1%81.2%
Expected Move26.4%21.7%32.7%32.7%23.3%
HV 20d99.9%89.0%110.9%89.0%100.4%
HV 60d105.9%94.3%114.0%114.0%94.3%
IV Rank28.9%20.9%40.0%40.0%23.6%
IV Percentile64.5%44.4%79.4%79.4%53.6%
Term Structure2.5%-13.7%12.2%-6.3%12.2%
VWIV94.3%79.1%112.6%111.4%81.7%
Skew 25d-17.1%-27.5%-4.9%-4.9%-11.4%
Skew 10d-36.5%-77.7%-2.8%-2.8%-19.2%
Call IV 25d103.5%86.1%126.2%113.4%89.5%
Put IV 25d86.4%66.9%108.5%108.5%78.1%
Bid-Ask Spread %36.1918.4066.5447.8224.45
Gamma HHI0.090.060.130.110.08
Net GEX204.3K49.6K369.6K273.0K184.8K
Net DEX-12.6M-43.4M11.6M-42.8M-3.9M
Net VEX-96.0K-123.7K-62.1K-90.7K-95.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.231.310.630.35
Total Volume10.22742484
Total OI96.091721227794

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$13800.00$11200.00114.1%32.7%89.0%40.0%111.4%-4.9%-6.3%273.0K-42.8M-90.7K0.6347.82N/AN/A534928
2009-03-03$13660.00$11200.00107.9%30.9%89.5%36.9%107.4%-13.5%2.2%295.4K-41.2M-95.9K1.3118.40N/AN/A575030
2009-03-04$12592.00$11200.00101.3%29.1%94.5%33.7%103.6%-11.9%0.6%260.9K-28.0M-106.8K0.3923.93N/AN/A1255234
2009-03-05$13624.00$11200.00109.7%31.5%96.8%37.8%107.5%-11.4%-1.5%342.8K-43.4M-114.5K0.2719.28N/AN/A1445737
2009-03-06$13404.00$12000.00105.4%30.7%94.1%35.7%109.1%-10.2%-12.2%369.6K-41.1M-123.7K1.0434.76N/AN/A336038
2009-03-09$13216.00$12400.00108.5%32.0%92.6%37.2%112.6%-20.8%-13.7%367.6K-39.0M-122.6K1.2331.19N/AN/A346239
2009-03-10$11940.00$12400.0099.4%29.5%102.1%32.7%102.2%-19.6%-6.1%309.0K-21.0M-118.3K0.3722.90N/AN/A836241
2009-03-11$12072.00$12400.0097.4%28.2%99.2%31.7%101.4%-20.9%1.3%343.8K-23.6M-118.8K0.8125.16N/AN/A436442
2009-03-12$11428.00$12400.0092.1%26.4%101.7%29.0%96.9%-17.3%2.4%267.5K-13.0M-109.7K0.4039.20N/AN/A526542
2009-03-13$11544.00$12400.0092.7%26.6%101.6%29.4%92.0%-14.4%1.2%299.3K-14.8M-111.2K0.6941.62N/AN/A226643
2009-03-16$11396.00$12400.0089.5%25.7%101.9%27.8%83.7%-19.3%2.8%270.8K-10.0M-98.7K0.3529.32N/AN/A836643
2009-03-17$10584.00$12000.0081.4%23.3%96.9%23.7%89.6%-20.2%7.4%147.0K277.4K-90.2K0.5529.69N/AN/A646944
2009-03-18$10392.00$12000.0085.5%24.5%97.0%25.7%91.8%-26.4%5.9%113.0K4.6M-88.2K0.4430.81N/AN/A947145
2009-03-19$9984.00$11600.0086.9%24.9%97.8%26.4%94.3%-23.0%5.6%91.1K11.6M-82.3K0.6036.04N/AN/A857346
2009-03-20$10780.00$11600.0089.6%25.7%100.5%27.8%91.7%-25.2%5.5%49.6K369.3K-91.4K0.3530.31N/AN/A737448
2009-03-23$9080.00$11600.0082.6%23.7%110.9%24.3%92.3%-27.5%7.1%60.6K6.0M-62.1K0.2537.81N/AN/A1954428
2009-03-24$9464.00$11600.0082.2%23.6%108.3%24.1%84.0%-19.2%5.1%59.0K8.6M-65.4K0.3643.11N/AN/A724330
2009-03-25$9372.00$11600.0076.1%21.8%107.9%21.1%79.1%-19.7%7.7%79.7K6.0M-75.2K0.7055.57N/AN/A644732
2009-03-26$9236.00$11600.0076.4%21.9%107.8%21.2%79.2%-14.5%8.0%61.7K7.7M-75.1K0.2353.19N/AN/A414934
2009-03-27$9668.00$11600.0075.7%21.7%107.1%20.9%79.1%-13.6%11.3%102.0K2.9M-84.4K0.5166.54N/AN/A425134
2009-03-30$10376.00$11200.0084.1%24.1%99.7%25.1%84.0%-12.0%9.5%146.9K-2.5M-91.9K0.4955.10N/AN/A945335
2009-03-31$10576.00$11200.0081.2%23.3%100.4%23.6%81.7%-11.4%12.2%184.8K-3.9M-95.9K0.3524.45N/AN/A315638