DUG Options History — January 2018

In January 2018, DUG traded between $636.00 and $715.20. ATM implied volatility averaged 30.9%, placing in the 40.0% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 2.2% (HV 20d: 28.8%). Max pain ranged from $660.00 to $840.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.85.

Notable Days

2018-01-16: Highest Volume — 76 contracts
2018-01-10: Largest IV spike — 14.1% change
2018-01-30: Highest IV Rank — 66.0%
2018-01-30: Largest Expected Move — 10.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$667.89	$636.00	$715.20	$715.20	$688.80
Max Pain	$720.00	$660.00	$840.00	$820.00	$680.00
ATM IV	30.9%	24.2%	38.0%	28.1%	35.8%
Expected Move	9.0%	7.9%	10.9%	8.1%	10.3%
HV 20d	28.8%	24.8%	35.9%	27.5%	34.2%
HV 60d	27.5%	25.6%	30.6%	25.6%	30.5%
IV Rank	40.0%	15.3%	66.0%	29.6%	57.8%
IV Percentile	46.2%	3.6%	95.2%	22.6%	87.7%
Term Structure	0.8%	-1.0%	2.4%	2.4%	-0.0%
VWIV	32.7%	26.4%	39.8%	30.1%	36.4%
Skew 25d	-3.4%	-5.2%	-1.1%	-1.7%	-5.2%
Skew 10d	-6.3%	-8.4%	-2.5%	-2.5%	-8.3%
Call IV 25d	34.2%	29.7%	42.7%	29.7%	39.8%
Put IV 25d	30.8%	26.8%	37.6%	28.0%	34.7%
Bid-Ask Spread %	52.56	26.90	80.53	42.53	80.53
Gamma HHI	0.26	0.17	0.40	0.30	0.21
Net GEX	-5.5K	-95.6K	39.4K	-95.6K	-110
Net DEX	2.2M	440.1K	3.3M	2.8M	445.0K
Net VEX	-3.6K	-4.8K	-2.2K	-4.2K	-4.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.42	1.71	1.71	0.43
Total Volume	61.524	48	76	59	48
Total OI	99.19	74	137	90	80

Daily Data (21 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
2018-01-02	$715.20	$820.00	28.1%	8.1%	27.5%	29.6%	30.1%	-1.7%	2.4%	-95.6K	2.8M	-4.2K	1.71	42.53	N/A	N/A	22	37	35	55
2018-01-03	$693.00	$840.00	29.6%	8.5%	28.8%	34.9%	26.4%	-1.1%	1.2%	-63.3K	3.1M	-3.5K	1.52	70.71	N/A	N/A	24	36	35	56
2018-01-04	$686.00	$760.00	27.7%	8.3%	27.9%	27.9%	31.2%	-4.0%	1.7%	-51.1K	3.2M	-3.0K	1.11	55.04	N/A	N/A	32	36	36	56
2018-01-05	$687.40	$760.00	26.1%	8.0%	24.8%	22.1%	29.9%	-3.6%	1.1%	-17.4K	3.1M	-2.9K	1.13	33.54	N/A	N/A	32	36	45	56
2018-01-08	$679.40	$760.00	26.5%	8.1%	24.8%	23.7%	30.0%	-3.5%	1.4%	18.0K	3.1M	-2.7K	0.93	43.48	N/A	N/A	30	28	51	56
2018-01-09	$683.60	$760.00	24.2%	8.0%	25.3%	15.3%	30.5%	-2.9%	1.7%	33.5K	3.0M	-2.8K	0.93	29.82	N/A	N/A	30	28	53	56
2018-01-10	$684.80	$760.00	27.6%	7.9%	25.4%	27.8%	30.5%	-3.3%	1.4%	32.6K	3.0M	-2.9K	0.91	40.75	N/A	N/A	29	27	53	56
2018-01-11	$658.00	$760.00	29.9%	8.6%	27.1%	36.3%	31.7%	-3.3%	1.3%	19.6K	3.2M	-2.2K	0.82	53.52	N/A	N/A	32	27	53	56
2018-01-12	$647.00	$720.00	28.8%	8.3%	26.8%	32.0%	29.7%	-4.2%	1.0%	22.7K	3.2M	-2.2K	1.27	50.12	N/A	N/A	32	40	56	57
2018-01-16	$661.40	$700.00	31.2%	9.0%	28.6%	41.0%	35.1%	-5.1%	0.2%	17.4K	3.3M	-3.2K	0.81	42.65	N/A	N/A	42	34	56	70
2018-01-17	$652.00	$700.00	32.3%	9.2%	27.8%	44.8%	34.0%	-3.7%	1.0%	10.9K	3.2M	-3.9K	0.80	36.78	N/A	N/A	42	34	67	69
2018-01-18	$662.60	$700.00	31.2%	9.0%	29.3%	41.1%	33.2%	-3.5%	0.8%	39.4K	3.1M	-4.1K	0.76	46.33	N/A	N/A	41	31	67	69
2018-01-19	$664.40	$700.00	29.3%	8.4%	29.4%	34.0%	30.4%	-4.1%	0.5%	-19.9K	3.1M	-3.8K	0.74	53.72	N/A	N/A	42	31	67	70
2018-01-22	$636.00	$700.00	31.4%	9.0%	30.9%	41.6%	30.3%	-2.5%	0.1%	-16.2K	1.1M	-3.6K	0.70	26.90	N/A	N/A	34	24	39	35
2018-01-23	$636.40	$680.00	32.4%	9.3%	28.7%	45.3%	32.1%	-3.9%	0.4%	-14.7K	1.1M	-3.5K	0.69	38.41	N/A	N/A	35	24	40	35
2018-01-24	$639.00	$660.00	34.0%	9.7%	29.0%	51.0%	34.4%	-2.6%	0.7%	-9.8K	996.9K	-3.7K	0.69	59.22	N/A	N/A	36	25	42	35
2018-01-25	$651.60	$660.00	33.8%	9.7%	30.2%	50.4%	36.2%	-2.1%	1.1%	-7.7K	867.8K	-4.3K	0.69	73.56	N/A	N/A	36	25	44	36
2018-01-26	$645.60	$660.00	34.4%	9.9%	29.8%	52.6%	35.8%	-3.1%	0.2%	-6.5K	884.0K	-4.4K	0.42	69.15	N/A	N/A	36	15	45	36
2018-01-29	$662.80	$660.00	37.5%	10.7%	32.0%	64.0%	37.9%	-3.5%	-1.0%	-4.9K	690.0K	-4.5K	0.46	77.85	N/A	N/A	34	16	45	36
2018-01-30	$690.60	$680.00	38.0%	10.9%	35.9%	66.0%	39.8%	-5.1%	-0.4%	-2.1K	440.1K	-4.8K	0.44	79.26	N/A	N/A	34	15	43	36
2018-01-31	$688.80	$680.00	35.8%	10.3%	34.2%	57.8%	36.4%	-5.2%	-0.0%	-110	445.0K	-4.7K	0.43	80.53	N/A	N/A	33	15	44	36