DUG Options History — July 2015

In July 2015, DUG traded between $1109.40 and $1319.00. ATM implied volatility averaged 41.1%, placing in the 40.8% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 8.2% (HV 20d: 33.0%). Max pain ranged from $1040.00 to $1160.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.83.

Notable Days

2015-07-28: Highest Volume — 104 contracts
2015-07-08: Largest IV spike — 64.0% change
2015-07-08: Highest IV Rank — 52.0%
2015-07-24: Largest Expected Move — 14.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1185.21	$1109.40	$1319.00	$1121.80	$1276.60
Max Pain	$1115.45	$1040.00	$1160.00	$1040.00	$1160.00
ATM IV	41.1%	30.9%	52.1%	44.5%	45.5%
Expected Move	11.6%	9.3%	14.7%	12.8%	13.1%
HV 20d	33.0%	26.4%	45.2%	27.3%	45.2%
HV 60d	28.4%	26.2%	33.5%	28.5%	33.5%
IV Rank	40.8%	30.4%	52.0%	44.2%	45.3%
IV Percentile	48.6%	15.5%	77.4%	61.9%	63.1%
Term Structure	0.2%	-8.2%	9.1%	-8.2%	-4.3%
VWIV	38.9%	33.3%	47.9%	40.0%	37.2%
Skew 25d	-8.8%	-15.8%	-3.9%	-8.3%	-11.1%
Skew 10d	-15.4%	-31.4%	-8.3%	-8.8%	-8.3%
Call IV 25d	46.0%	38.0%	59.0%	44.3%	50.2%
Put IV 25d	37.2%	31.0%	46.3%	35.9%	39.1%
Bid-Ask Spread %	77.88	56.82	100.07	100.07	79.70
Gamma HHI	0.11	0.08	0.22	0.10	0.09
Net GEX	75.2K	16.3K	144.0K	76.1K	38.0K
Net DEX	-3.0M	-5.8M	-1.5M	-2.0M	-3.3M
Net VEX	-17.3K	-28.8K	-10.9K	-10.9K	-28.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.45	1.46	0.45	1.20
Total Volume	70.409	46	104	52	99
Total OI	141.955	85	175	136	175

Daily Data (22 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
2015-07-01	$1121.80	$1040.00	44.5%	12.8%	27.3%	44.2%	40.0%	-8.3%	-8.2%	76.1K	-2.0M	-10.9K	0.45	100.07	N/A	N/A	36	16	94	42
2015-07-02	$1112.40	$1040.00	38.4%	11.0%	26.4%	38.0%	38.7%	-6.6%	-1.7%	75.6K	-2.2M	-12.3K	0.48	93.66	N/A	N/A	36	17	99	41
2015-07-06	$1145.00	$1100.00	43.4%	11.7%	26.9%	43.2%	36.5%	-11.5%	-2.5%	91.0K	-2.8M	-12.0K	0.53	58.58	N/A	N/A	38	20	99	42
2015-07-07	$1121.00	$1100.00	31.8%	11.8%	28.4%	31.3%	39.4%	-3.9%	2.0%	74.2K	-2.7M	-12.7K	0.73	65.64	N/A	N/A	39	29	101	48
2015-07-08	$1163.00	$1100.00	52.1%	12.3%	30.7%	52.0%	42.1%	-11.2%	-0.9%	94.9K	-3.3M	-13.5K	0.77	56.82	N/A	N/A	41	32	104	51
2015-07-09	$1152.40	$1100.00	50.3%	12.2%	29.1%	50.1%	40.8%	-11.0%	-2.3%	96.7K	-2.9M	-14.3K	0.86	61.18	N/A	N/A	37	32	106	54
2015-07-10	$1144.00	$1100.00	44.6%	11.5%	29.5%	44.4%	39.3%	-8.1%	1.0%	79.2K	-2.8M	-14.9K	0.97	66.75	N/A	N/A	39	37	108	54
2015-07-13	$1129.80	$1120.00	41.3%	10.2%	29.6%	41.0%	36.9%	-6.0%	4.1%	75.0K	-2.5M	-15.7K	0.84	66.65	N/A	N/A	39	32	109	59
2015-07-14	$1109.40	$1120.00	30.9%	9.3%	30.6%	30.4%	33.4%	-9.4%	3.2%	64.4K	-2.0M	-14.8K	0.85	81.02	N/A	N/A	38	32	108	59
2015-07-15	$1149.80	$1120.00	35.5%	10.2%	32.0%	35.1%	33.9%	-6.8%	2.4%	102.0K	-2.7M	-14.1K	0.83	79.86	N/A	N/A	40	34	108	59
2015-07-16	$1150.40	$1100.00	32.7%	9.4%	32.1%	32.2%	33.3%	-7.0%	5.0%	144.0K	-3.1M	-15.9K	0.87	84.38	N/A	N/A	39	34	114	59
2015-07-17	$1177.80	$1100.00	36.1%	10.4%	32.7%	35.7%	35.2%	-9.1%	1.3%	64.4K	-3.6M	-15.7K	0.76	81.84	N/A	N/A	42	32	113	59
2015-07-20	$1210.00	$1120.00	35.4%	10.2%	33.4%	35.0%	39.6%	-7.2%	2.1%	63.2K	-2.9M	-15.5K	0.65	77.07	N/A	N/A	28	18	55	30
2015-07-21	$1207.00	$1120.00	37.8%	10.8%	32.2%	37.3%	39.5%	-7.8%	1.2%	67.7K	-3.1M	-16.5K	0.68	79.24	N/A	N/A	27	19	58	30
2015-07-22	$1225.80	$1120.00	41.1%	11.8%	31.9%	40.7%	39.8%	-8.4%	-2.3%	82.6K	-3.5M	-15.6K	0.68	76.99	N/A	N/A	27	19	61	31
2015-07-23	$1229.80	$1120.00	41.5%	11.9%	32.0%	41.1%	39.9%	-8.6%	-0.2%	78.7K	-3.6M	-17.1K	0.59	75.53	N/A	N/A	32	19	62	31
2015-07-24	$1279.60	$1120.00	51.4%	14.7%	33.6%	51.3%	47.9%	-10.8%	-1.8%	94.1K	-4.6M	-17.7K	0.54	84.21	N/A	N/A	41	22	66	32
2015-07-27	$1319.00	$1160.00	51.1%	14.7%	34.0%	51.0%	46.0%	-12.7%	-3.3%	119.1K	-5.8M	-19.7K	1.46	79.33	N/A	N/A	36	52	77	37
2015-07-28	$1238.00	$1160.00	38.2%	11.0%	41.9%	37.8%	37.5%	-15.8%	9.1%	18.6K	-2.8M	-26.7K	1.08	87.55	N/A	N/A	50	54	80	69
2015-07-29	$1198.80	$1160.00	40.1%	11.5%	43.5%	39.8%	38.9%	-4.5%	0.2%	38.2K	-1.8M	-28.2K	1.18	98.25	N/A	N/A	44	52	95	72
2015-07-30	$1213.20	$1160.00	41.4%	11.9%	42.4%	41.0%	39.6%	-8.9%	0.2%	16.3K	-1.5M	-28.8K	1.21	78.93	N/A	N/A	45	54	95	77
2015-07-31	$1276.60	$1160.00	45.5%	13.1%	45.2%	45.3%	37.2%	-11.1%	-4.3%	38.0K	-3.3M	-28.7K	1.20	79.70	N/A	N/A	45	54	96	79