DUG Options History — April 2017

In April 2017, DUG traded between $820.40 and $908.20. ATM implied volatility averaged 32.9%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 6.3% (HV 20d: 26.6%). Max pain ranged from $800.00 to $880.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.82.

Notable Days

2017-04-21: Highest Volume — 40 contracts
2017-04-12: Largest IV spike — 23.8% change
2017-04-12: Highest IV Rank — 42.7%
2017-04-12: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$864.79	$820.40	$908.20	$846.40	$899.80
Max Pain	$855.79	$800.00	$880.00	$800.00	$880.00
ATM IV	32.9%	26.6%	40.0%	30.9%	30.2%
Expected Move	9.7%	7.9%	11.5%	8.9%	8.6%
HV 20d	26.6%	20.4%	31.3%	31.3%	26.9%
HV 60d	30.5%	29.4%	31.3%	30.2%	30.8%
IV Rank	27.6%	14.1%	42.7%	23.2%	21.6%
IV Percentile	18.9%	1.2%	52.4%	4.4%	5.2%
Term Structure	1.3%	-1.3%	5.4%	-0.0%	2.2%
VWIV	33.7%	27.2%	39.7%	30.2%	30.2%
Skew 25d	-5.4%	-8.8%	-1.9%	-1.9%	-3.3%
Skew 10d	-8.5%	-13.6%	9.3%	9.3%	-8.9%
Call IV 25d	37.6%	31.7%	43.5%	32.3%	32.2%
Put IV 25d	32.2%	27.4%	38.2%	30.4%	28.9%
Bid-Ask Spread %	97.04	77.44	122.33	111.27	103.73
Gamma HHI	0.22	0.12	0.91	0.14	0.20
Net GEX	75.4K	1.1K	581.8K	32.0K	50.6K
Net DEX	-1.0M	-2.0M	-493.4K	-807.1K	-1.1M
Net VEX	-3.6K	-4.9K	-2.3K	-4.4K	-3.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.46	0.97	0.95	0.46
Total Volume	30.947	13	40	35	19
Total OI	59.842	26	73	67	34

Daily Data (19 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
2017-04-03	$846.40	$800.00	30.9%	8.9%	31.3%	23.2%	30.2%	-1.9%	-0.0%	32.0K	-807.1K	-4.4K	0.95	111.27	N/A	N/A	18	17	46	21
2017-04-04	$837.80	$800.00	27.4%	7.9%	30.8%	15.8%	27.8%	-3.6%	3.4%	46.4K	-908.7K	-4.7K	0.95	100.04	N/A	N/A	18	17	51	21
2017-04-05	$843.00	$800.00	28.1%	8.0%	25.1%	17.1%	37.3%	-2.9%	5.4%	25.7K	-703.6K	-4.6K	0.90	122.33	N/A	N/A	19	17	50	21
2017-04-06	$831.60	$860.00	31.3%	10.1%	25.3%	24.0%	34.6%	-7.3%	0.2%	39.5K	-644.3K	-4.9K	0.90	89.24	N/A	N/A	19	17	52	21
2017-04-07	$839.20	$860.00	26.6%	9.7%	25.4%	14.1%	34.7%	-6.9%	0.5%	17.7K	-853.1K	-3.9K	0.90	85.85	N/A	N/A	19	17	52	21
2017-04-10	$820.40	$860.00	30.1%	9.8%	26.5%	21.5%	37.2%	-8.8%	2.0%	23.4K	-493.4K	-4.3K	0.90	77.44	N/A	N/A	19	17	52	21
2017-04-11	$828.80	$860.00	32.3%	10.3%	25.6%	26.2%	38.6%	-5.1%	0.6%	32.8K	-636.4K	-4.2K	0.85	83.83	N/A	N/A	19	17	52	21
2017-04-12	$831.00	$860.00	40.0%	11.5%	20.4%	42.7%	39.7%	-5.3%	-1.3%	1.1K	-648.0K	-3.6K	0.96	97.53	N/A	N/A	18	17	50	21
2017-04-13	$862.80	$860.00	36.6%	10.5%	24.1%	35.5%	36.6%	-5.5%	0.2%	98.5K	-1.3M	-3.1K	0.97	100.81	N/A	N/A	18	17	50	21
2017-04-17	$866.40	$860.00	39.2%	11.2%	24.2%	41.0%	38.9%	-2.8%	-0.6%	92.2K	-1.3M	-3.2K	0.97	88.37	N/A	N/A	18	17	49	21
2017-04-18	$874.60	$860.00	36.6%	10.5%	24.3%	35.3%	36.1%	-3.7%	0.8%	74.9K	-1.3M	-3.0K	0.91	94.71	N/A	N/A	19	17	48	21
2017-04-19	$908.20	$860.00	37.6%	10.8%	27.1%	37.5%	29.3%	-7.1%	0.8%	101.7K	-1.9M	-2.3K	0.88	106.81	N/A	N/A	19	17	48	21
2017-04-20	$891.80	$860.00	37.2%	10.7%	28.0%	36.8%	33.5%	-5.7%	2.5%	116.8K	-1.6M	-3.1K	0.79	92.01	N/A	N/A	22	17	49	22
2017-04-21	$901.20	$860.00	35.2%	10.1%	28.1%	32.4%	34.9%	-7.2%	2.7%	581.8K	-2.0M	-3.2K	0.82	93.12	N/A	N/A	22	18	50	22
2017-04-24	$890.80	$880.00	32.6%	9.3%	28.3%	26.8%	32.2%	-5.7%	3.8%	20.4K	-694.1K	-3.2K	0.52	86.81	N/A	N/A	11	6	18	8
2017-04-25	$875.80	$880.00	29.8%	8.5%	28.9%	20.8%	27.2%	-5.2%	-0.4%	25.1K	-725.2K	-3.2K	0.68	105.50	N/A	N/A	8	6	19	8
2017-04-26	$878.00	$880.00	31.4%	9.0%	27.7%	24.3%	28.1%	-7.3%	0.3%	28.0K	-635.3K	-3.3K	0.77	103.27	N/A	N/A	7	6	19	8
2017-04-27	$903.40	$880.00	33.0%	9.5%	27.3%	27.7%	33.2%	-6.8%	1.0%	24.7K	-868.2K	-3.3K	0.46	101.02	N/A	N/A	13	6	20	8
2017-04-28	$899.80	$880.00	30.2%	8.6%	26.9%	21.6%	30.2%	-3.3%	2.2%	50.6K	-1.1M	-3.8K	0.46	103.73	N/A	N/A	13	6	25	9